Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.019%

Price spread now: Gate against ApeX Omni+0.131%81s7-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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Gate is 0.131% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.131% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you. The two prices were read 81 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	ApeX Omni CRCLUSDT	91.440	0.0100	pay 0.0013% / 1h	55m 57s	$67K	$4K	50x
Short	Gate CRCL_USDT	91.560	0	get 0.0000% / 8h	55m 57s	$7.8M	$27.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.131%Rate

Funding earned: −$21
Price spread: +0.131% → 0.000%: $13.12
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.88
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	1.64 bp	15.1 bp −$15	24.6 bp −$246	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 34 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	−0.0349%	8h	91.580	+0.153%	$17.6M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	91.210	−0.252%	—	$31K	25x	as long as short
Gate CRCL_USDTshort	0.0000%	8h	91.560	+0.131%	$7.8M	$27.2M	50x
Phemex CRCLUSDT	0.0000%	4h	91.530	+0.098%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0010%	8h	91.510	+0.077%	$14.8M	$26.6M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.537	+0.106%	$978K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.497	+0.062%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.510	+0.077%	$98K	$293K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.478	+0.042%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	−0.033%	$1.1M	$5.0M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRCL	+0.0057%	8h	91.499	+0.065%	$2.4M	$3.2M	—	as long as short
QFEX CRCL-USD	+0.0071%	1h	91.510	+0.077%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.400	−0.044%	$890K	$420K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.536	+0.105%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.580	+0.153%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDTlong	+0.0100%	1h	91.440	long leg	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.490	+0.055%	$912	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.503	+0.069%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0144%	8h	91.598	+0.172%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0159%	8h	91.520	+0.087%	$105.1M	$395.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	91.474	+0.037%	$1.0M	$5.0M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0182%	1h	91.460	+0.022%	$67.7M	$44.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0182%	8h	91.473	+0.036%	$421	$905	5x	as long as short
Polymarket Perps CRCL-USD	+0.0201%	1h	91.495	+0.060%	$383K	$1.3M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0226%	8h	91.550	+0.120%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0243%	8h	91.520	+0.087%	$22.3M	$62.1M	50x	as long as short
Phoenix CRCL	+0.0245%	1h	91.481	+0.045%	$27K	$74K	10x	as long as short
BloFin CRCL-USDT	+0.0278%	8h	91.570	+0.142%	$1.1M	$1.7M	20x	as long as short
Lighter CRCL	+0.0288%	1h	91.517	+0.084%	$2.9M	$2.3M	10x	as long as short
Nado CRCL-PERP	+0.0406%	1h	91.416	−0.026%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0406%	1h	91.470	+0.033%	$5K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.890	+0.492%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.530	+0.098%	$418K	$265K	10x	as long as short
edgeX CRCLUSDC	+0.0477%	4h	91.500	+0.065%	$52K	$278K	10x	as long as short