CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.075%

Price spread now: ApeX Omni against Deribit−0.348%74s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. ApeX Omni is 0.348% cheaper against Deribit than usual: you would sell low and buy high (spread −0.348% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 48 days of funding at the current rate (+$1 a day). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit CRCL_USDC-PERPETUAL	92.040	0.0076	pay 0.0010% / 1h	13m 51s	$4K	$769K	10x
Short	ApeX Omni CRCLUSDT	91.720	0.0100	get 0.0013% / 1h	13m 51s	$67K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee ApeX OmnibpOrdersPrice spread, now −0.348%Rate

Funding earned: $5.03
Price spread: −0.348% → 0.000%: −$34.77
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$46.74
Costs to cover: 0.170%
Break-even: 72.0 days

Slippage unknown: Deribit: live order book, 55 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 55 min ago	0.53 bp	5.1 bp −$5	8.6 bp −$86	doesn't fit	doesn'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 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CRCLUSDT	−0.0847%	8h	92.140	+0.109%	$16.1M	$35.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0044%	1h	91.810	−0.250%	—	$40K	25x	as long as short
Gate CRCL_USDT	−0.0025%	8h	92.090	+0.054%	$7.1M	$26.8M	50x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.980	−0.065%	$912K	$586K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.120	+0.087%	$15.0M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.001	−0.042%	$420K	$299K	10x	as long as short
Variational Omni CRCL	0.0000%	8h	91.928	−0.122%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.730	−0.337%	$69K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.030	−0.011%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0024%	1h	91.932	−0.117%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.091	+0.055%	$975K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.920	−0.130%	$93K	$273K	10x	as long as short
Extended CRCL_24_5-USD	+0.0048%	1h	92.059	+0.021%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0049%	8h	92.099	+0.064%	$105.0M	$394.2M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.021	−0.021%	$69.1M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.978	−0.067%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.029	−0.012%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.970	−0.076%	$999K	$5.5M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0055%	8h	92.110	+0.076%	$21.8M	$60.5M	50x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.980	−0.065%	$1.3M	$2.3M	10x	as long as short
Aster CRCLUSDT	+0.0059%	8h	92.080	+0.043%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0072%	8h	92.016	−0.026%	$755	$740	5x	as long as short
Deribit CRCL_USDC-PERPETUALlong	+0.0076%	1h	92.040	long leg	$4K	$769K	10x
Pacifica CRCL	+0.0100%	1h	92.006	−0.037%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.030	−0.011%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	91.720	−0.348%	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.030	−0.011%	$918	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.046	+0.007%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0152%	1h	91.943	−0.106%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0200%	1h	92.099	+0.064%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.952	−0.096%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.500	+0.500%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0678%	4h	91.707	−0.362%	$23K	$268K	10x	as long as short