Settings8H · net · $10k
Funding arb · Price arb /

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h −0.002%
Price spread now: ApeX Omni against Coinbase International+0.064%75s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.103%−$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.064% dearer against Coinbase International than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International CRCL-PERP-INTX94.100−0.0064get 0.0008% / 1h46m 04s$941K$724K10x
ShortApeX Omni CRCLUSDT94.1600.0100get 0.0013% / 1h46m 04s$69K$4K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Coinbase International. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$34.44
Price spread: +0.064% → 0.000%
$6.38
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$20.82
Costs to cover
0.200%
Break-even
2.8 days
Slippage unknown: Coinbase International: live order book, 27 min ago; ApeX Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 27 min ago5.29 bp10.3 bp −$1013.8 bp −$138doesn't fitdoesn't fit
Sell ApeX Omni no order-book sample
ApeX Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CRCL on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International CRCL-PERP-INTXlong−0.0064%1h94.100long leg$941K$724K10x
Bybit CRCLUSDT0.0000%8h94.240+0.149%$15.5M$25.9M50xas long as short
Gate CRCL_USDT0.0000%8h94.260+0.170%$7.2M$26.9M50xas long as short
GRVT CRCL_USDT_Perp0.0000%8h94.241+0.150%$64K$1.1M10xas long as short
Phemex CRCLUSDT0.0000%4h94.250+0.159%$1.0M$52K10xas long as short
Lighter RH CRCL+0.0032%1h94.195+0.101%$889K$2.8M10xas long as short
tradeXYZ xyz:CRCL+0.0042%1h94.123+0.024%$71.6M$42.3M10xas long as short
QFEX CRCL-USD+0.0042%1h94.250+0.159%$1.4M$2.7M10xas long as short
Vest CRCL-USD-PERP+0.0046%1h94.090−0.011%$45K25xas long as short
Aftermath Perps CRCLUSD+0.0046%1h94.218+0.126%$2K$21K5xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps CRCL-USD+0.0050%1h94.178+0.083%$365K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h94.196+0.102%$47K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h94.130+0.032%$1.1M$5.8M10xas long as short
Pacifica CRCL+0.0100%1h94.255+0.164%$75K$99K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h94.270+0.181%$3.0M$1.9M20xas long as short
ApeX Omni CRCLUSDTshort+0.0100%1h94.160+0.064%$69K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h94.240+0.149%$940$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h94.207+0.113%$410xas long as short
Paradex CRCL-USD-PERP+0.0110%8h94.277+0.188%$773$7405xas long as short
OKX CRCL-USDT-SWAP+0.0157%8h94.240+0.149%$22.8M$60.3M50xas long as short
Bitget CRCLUSDT+0.0158%8h94.270+0.181%$16.9M$35.1M25xas long as short
Variational Omni CRCL+0.0162%8h94.220+0.128%$2.5M$3.1Mas long as short
edgeX CRCLUSDC+0.0200%4h94.169+0.074%$24K$268K10xas long as short
Nado CRCL-PERP+0.0216%1h94.199+0.106%$132K$76K3xas long as short
Binance CRCLUSDT+0.0224%8h94.220+0.128%$109.2M$389.2M50xas long as short
Extended CRCL_24_5-USD+0.0224%1h94.213+0.120%$1.1M$4.3M10xas long as short
Aster CRCLUSDT+0.0226%8h94.226+0.134%$1.1M$4.9M20xas long as short
Lighter CRCL+0.0280%1h94.209+0.116%$3.0M$2.2M10xas long as short
Phoenix CRCL+0.0296%1h94.131+0.033%$28K$92K10xas long as short
BloFin CRCL-USDT+0.0346%8h94.250+0.159%$1.1M$561K20xas long as short
Injective CRCL/USDC PERP+0.0440%1h94.650+0.584%$5K$19K30xas long as short
Arcus CRCL-USD+0.0521%1h94.210+0.117%$96K$276K10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0600%1h94.180+0.085%$4K$772K10xas long as short
RISEx CRCL/USDC+0.0677%1h94.279+0.190%$430K$303K10xas long as short