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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRnext payment $0.11 per $10,000 · paid last 24h −0.045%
Price spread now: ApeX Omni against Nado−0.080%61s7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and ApeX Omni is 0.080% cheaper against Nado than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado CRCL-PERP91.6330.0192pay 0.0024% / 1h24m 39s$131K$104K3x
ShortApeX Omni CRCLUSDT91.5600.0100get 0.0013% / 1h24m 39s$67K$4K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Nado. 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
−$19.3
Price spread: −0.080% → 0.000%
−$8.01
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$44.3
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 38 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 Nado live order book, 38 min ago3.81 bp8.5 bp −$927.0 bp −$270doesn'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
Bitget CRCLUSDT−0.1304%8h91.730+0.105%$15.8M$34.6M25xas long as short
Vest CRCL-USD-PERP−0.0077%1h91.390−0.266%$31K25xas long as short
Coinbase International CRCL-PERP-INTX−0.0016%1h91.470−0.178%$903K$518K10xas long as short
Aster CRCLUSDT0.0000%8h91.692+0.064%$1.1M$4.9M20xas long as short
Extended CRCL_24_5-USD0.0000%1h91.668+0.038%$1.1M$5.7M10xas long as short
Binance CRCLUSDT0.0000%8h91.695+0.068%$104.5M$384.9M50xas long as short
Bybit CRCLUSDT0.0000%8h91.740+0.116%$15.1M$25.8M50xas long as short
RISEx CRCL/USDC0.0000%1h91.690+0.062%$419K$298K10xas long as short
Gate CRCL_USDT0.0000%8h91.720+0.095%$7.1M$26.7M50xas long as short
Variational Omni CRCL0.0000%8h91.576−0.062%$2.4M$3.2Mas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CRCL_USDT_Perp0.0000%8h91.605−0.031%$65K$1.1M10xas long as short
Phemex CRCLUSDT0.0000%4h91.650+0.018%$1.0M$49K10xas long as short
OKX CRCL-USDT-SWAP+0.0008%8h91.740+0.116%$21.5M$59.4M50xas long as short
Aftermath Perps CRCLUSD+0.0020%1h91.625−0.009%$2K$23K5xas long as short
QFEX CRCL-USD+0.0023%1h91.680+0.051%$1.3M$2.1M10xas long as short
Lighter RH CRCL+0.0032%1h91.723+0.098%$974K$2.9M10xas long as short
Arcus CRCL-USD+0.0040%1h91.600−0.036%$93K$273K10xas long as short
tradeXYZ xyz:CRCL+0.0050%1h91.642+0.009%$68.5M$41.2M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h91.623−0.011%$357K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h91.630−0.004%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h91.550−0.091%$974K$5.2M10xas long as short
Paradex CRCL-USD-PERP+0.0069%8h91.695+0.067%$752$7405xas long as short
Pacifica CRCL+0.0100%1h91.650+0.018%$132K$157K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.650+0.018%$2.8M$1.9M20xas long as short
ApeX Omni CRCLUSDTshort+0.0100%1h91.560−0.080%$67K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.650+0.018%$914$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.661+0.030%$410xas long as short
BloFin CRCL-USDT+0.0120%8h91.670+0.040%$1.1M$1.3M20xas long as short
Phoenix CRCL+0.0183%1h91.546−0.095%$27K$84K10xas long as short
Nado CRCL-PERPlong+0.0192%1h91.633long leg$131K$104K3x
Lighter CRCL+0.0216%1h91.720+0.095%$3.0M$2.4M10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.130+0.542%$5K$19K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0514%1h91.680+0.051%$4K$767K10xas long as short
edgeX CRCLUSDC+0.0554%4h91.597−0.040%$23K$248K10xas long as short