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

CRCL

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0072%/8h= +7.8% APRnext payment +$0.09 per $10,000 · paid last 24h +0.017%
Price spread now: ApeX Omni against QFEX−0.119%56s7-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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. ApeX Omni is 0.119% cheaper against QFEX than usual: you would sell low and buy high (spread −0.119% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 5.6 days of funding at the current rate (+$2 a day). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX CRCL-USD92.1400.0028pay 0.0004% / 1h7m 57s$1.3M$2.0M10x
ShortApeX Omni CRCLUSDT92.0300.0100get 0.0013% / 1h7m 57s$68K$4K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against QFEX. 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
$15.05
Price spread: −0.119% → 0.000%
−$11.94
Slippage, 4 orders
no order book: not counted
Fee QFEX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$16.89
Costs to cover
0.200%
Break-even
14.9 days
Slippage unknown: QFEX: live order book, 4 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 QFEX live order book, 4 min ago1.63 bp6.6 bp −$77.3 bp −$7316.4 bp −$1,644doesn'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−0.0885%8h92.170+0.033%$16.6M$35.2M25xas long as short
Vest CRCL-USD-PERP−0.0069%1h91.870−0.293%$31K25xas long as short
Aster CRCLUSDT0.0000%8h92.049−0.099%$1.1M$5.0M20xas long as short
Extended CRCL_24_5-USD0.0000%1h92.104−0.039%$1.1M$5.7M10xas long as short
Binance CRCLUSDT0.0000%8h92.141+0.001%$104.9M$390.1M50xas long as short
Bybit CRCLUSDT0.0000%8h92.120−0.022%$14.9M$26.4M50xas long as short
RISEx CRCL/USDC0.0000%1h92.1400.000%$419K$299K10xas long as short
Gate CRCL_USDT0.0000%8h92.180+0.043%$7.3M$27.4M50xas long as short
Variational Omni CRCL0.0000%8h92.128−0.013%$2.5M$3.2Mas long as short
Phemex CRCLUSDT0.0000%4h92.130−0.011%$1.0M$49K10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CRCL_USDT_Perp+0.0008%8h92.126−0.016%$64K$1.1M10xas long as short
Coinbase International CRCL-PERP-INTX+0.0016%1h91.990−0.163%$908K$491K10xas long as short
QFEX CRCL-USDlong+0.0028%1h92.140long leg$1.3M$2.0M10x
Lighter RH CRCL+0.0032%1h92.130−0.011%$976K$2.9M10xas long as short
Aftermath Perps CRCLUSD+0.0037%1h92.070−0.076%$2K$25K5xas long as short
OKX CRCL-USDT-SWAP+0.0039%8h92.150+0.011%$22.3M$61.5M50xas long as short
Arcus CRCL-USD+0.0040%1h92.060−0.087%$94K$273K10xas long as short
tradeXYZ xyz:CRCL+0.0050%1h92.047−0.101%$68.6M$41.7M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h92.082−0.063%$359K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h92.101−0.042%$46K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h92.030−0.119%$1.0M$5.2M10xas long as short
Pacifica CRCL+0.0100%1h92.110−0.033%$135K$159K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h92.080−0.065%$2.7M$1.9M20xas long as short
ApeX Omni CRCLUSDTshort+0.0100%1h92.030−0.119%$68K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h92.090−0.054%$918$2K10xas long as short
Aevo CRCL-PERP+0.0104%1h92.101−0.043%$410xas long as short
Paradex CRCL-USD-PERP+0.0116%8h92.114−0.028%$424$9055xas long as short
BloFin CRCL-USDT+0.0120%8h92.190+0.054%$1.1M$1.3M20xas long as short
Phoenix CRCL+0.0148%1h92.044−0.104%$27K$83K10xas long as short
Lighter CRCL+0.0216%1h92.129−0.012%$3.0M$2.4M10xas long as short
Nado CRCL-PERP+0.0314%1h92.046−0.102%$131K$105K3xas long as short
edgeX CRCLUSDC+0.0342%4h92.128−0.013%$51K$275K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.560+0.456%$5K$19K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0728%1h92.100−0.043%$4K$767K10xas long as short