Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.3% APRpaid last 24h +0.018%

Price spread now: Aster against ApeX Omni+0.260%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.260% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.260% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days. Mind the row above: over the last 7 days funding on this pair paid +0.066%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CRCLUSDT	91.720	0.0100	pay 0.0013% / 1h	17m 16s	$67K	$4K	50x
Short	Aster CRCLUSDT	91.959	0.0060	get 0.0060% / 8h	6h 17m	$1.1M	$4.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now +0.260%Rate

Funding earned: −$8.34
Price spread: +0.260% → 0.000%: $26.05
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$0.29
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: ApeX Omni: no order-book sample; Aster: live order book, 1 min ago. 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Aster live order book, 1 min ago	2.17 bp	7.7 bp −$8	11.4 bp −$114	doesn't fit	doesn't fit

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	−0.0806%	8h	92.010	+0.316%	$16.0M	$35.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0039%	1h	91.670	−0.055%	—	$40K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.700	−0.022%	$913K	$580K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.940	+0.240%	$15.0M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.933	+0.232%	$420K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.950	+0.251%	$7.1M	$26.8M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.938	+0.238%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.730	+0.011%	$69K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.980	+0.283%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0024%	1h	91.872	+0.166%	$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	91.970	+0.273%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.830	+0.120%	$93K	$273K	10x	as long as short
Extended CRCL_24_5-USD	+0.0048%	1h	91.896	+0.192%	$1.1M	$5.7M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.884	+0.179%	$69.0M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.862	+0.155%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.895	+0.191%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.730	+0.011%	$999K	$5.5M	10x	as long as short
Binance CRCLUSDT	+0.0051%	8h	91.920	+0.218%	$104.9M	$394.1M	50x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.920	+0.218%	$1.3M	$2.3M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0057%	8h	91.930	+0.229%	$21.8M	$60.3M	50x	as long as short
Aster CRCLUSDTshort	+0.0060%	8h	91.959	+0.260%	$1.1M	$4.9M	20x
Paradex CRCL-USD-PERP	+0.0074%	8h	91.964	+0.266%	$754	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.977	+0.280%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.960	+0.262%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTlong	+0.0100%	1h	91.720	long leg	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.900	+0.196%	$916	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.923	+0.221%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0153%	1h	91.894	+0.190%	$131K	$103K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0185%	1h	91.930	+0.229%	$4K	$769K	10x	as long as short
Lighter CRCL	+0.0200%	1h	91.980	+0.283%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.850	+0.142%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.500	+0.850%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0678%	4h	91.707	−0.014%	$23K	$268K	10x	as long as short