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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment $0.06 per $10,000 · paid last 24h −0.004%
Price spread now: SoDEX against ApeX Omni+0.133%7-day average · you sell dearer than you buy
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 feesneeds both histories
The price spread pays, funding is against you. SoDEX is 0.133% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.8 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CRCLUSDT91.2000.0100pay 0.0013% / 1h32m 34s$67K$4K50x
ShortSoDEX CRCL-USD91.3210.0050get 0.0006% / 1h32m 34s$46K$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
−$10.5
Price spread: +0.133% → 0.000%
$13.27
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$15.23
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: ApeX Omni: no order-book sample; SoDEX: 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 ApeX Omni no order-book sample
Sell SoDEX no order-book sample
ApeX Omni and SoDEX: 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−0.0254%8h91.380+0.197%$17.5M$36.7M25xas long as short
Vest CRCL-USD-PERP−0.0078%1h91.070−0.143%$31K25xas long as short
Gate CRCL_USDT0.0000%8h91.390+0.208%$7.8M$27.4M50xas long as short
Phemex CRCLUSDT0.0000%4h91.350+0.164%$1.0M$48K10xas long as short
Bybit CRCLUSDT+0.0028%8h91.340+0.154%$14.8M$26.5M50xas long as short
Lighter RH CRCL+0.0032%1h91.361+0.177%$981K$2.6M10xas long as short
Aftermath Perps CRCLUSD+0.0037%1h91.432+0.255%$2K$28K5xas long as short
Arcus CRCL-USD+0.0040%1h91.390+0.208%$95K$296K10xas long as short
SoDEX CRCL-USDshort+0.0050%1h91.321+0.133%$46K$3K10x
Ondo Perps CRCL-USD.P+0.0050%1h91.170−0.033%$1.1M$4.8M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX CRCL-USD+0.0071%1h91.330+0.143%$1.3M$1.8M10xas long as short
Coinbase International CRCL-PERP-INTX+0.0088%1h91.400+0.219%$890K$402K10xas long as short
Variational Omni CRCL+0.0097%8h91.457+0.282%$2.4M$3.2Mas long as short
Pacifica CRCL+0.0100%1h91.320+0.132%$134K$159K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h91.350+0.164%$2.7M$1.7M20xas long as short
ApeX Omni CRCLUSDTlong+0.0100%1h91.200long leg$67K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h91.320+0.132%$910$1K10xas long as short
Aevo CRCL-PERP+0.0104%1h91.357+0.172%$410xas long as short
tradeXYZ xyz:CRCL+0.0119%1h91.279+0.087%$67.6M$43.9M10xas long as short
edgeX CRCLUSDC+0.0124%4h91.531+0.363%$52K$275K10xas long as short
Polymarket Perps CRCL-USD+0.0158%1h91.323+0.135%$379K$1.3M10xas long as short
Paradex CRCL-USD-PERP+0.0161%8h91.330+0.142%$420$9055xas long as short
Aster CRCLUSDT+0.0168%8h91.385+0.203%$1.0M$5.0M20xas long as short
Extended CRCL_24_5-USD+0.0184%1h91.315+0.126%$1.0M$5.0M10xas long as short
Binance CRCLUSDT+0.0186%8h91.340+0.154%$105.0M$389.7M50xas long as short
Phoenix CRCL+0.0227%1h91.689+0.536%$27K$74K10xas long as short
GRVT CRCL_USDT_Perp+0.0244%8h91.400+0.219%$61K$1.1M10xas long as short
OKX CRCL-USDT-SWAP+0.0260%8h91.370+0.186%$22.2M$61.7M50xas long as short
Lighter CRCL+0.0264%1h91.370+0.186%$2.9M$2.4M10xas long as short
BloFin CRCL-USDT+0.0304%8h91.320+0.132%$1.1M$1.7M20xas long as short
Nado CRCL-PERP+0.0426%1h91.265+0.071%$134K$109K3xas long as short
Injective CRCL/USDC PERP+0.0440%1h92.010+0.888%$5K$19K30xas long as short
RISEx CRCL/USDC+0.0466%1h91.360+0.175%$412K$272K10xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0627%1h91.330+0.143%$5K$769K10xas long as short