Funding arb · Price arb /

CRCL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0005%/8h= +0.5% APRpaid last 24h −0.021%

Price spread now: ApeX Omni against Binance+0.110%99s7-day average — · you sell dearer than you buy

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

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.110% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 99 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	Binance CRCLUSDT	91.250	0.0095	pay 0.0095% / 8h	1h 39m	$104.3M	$397.5M	50x
Short	ApeX Omni CRCLUSDT	91.350	0.0100	get 0.0013% / 1h	39m 51s	$67K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.110%Rate

Funding earned: $1.01
Price spread: +0.110% → 0.000%: $10.96
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.03
Costs to cover: 0.200%
Break-even: 62.4 days

Slippage unknown: Binance: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 4 min ago	0.55 bp	7.3 bp −$7	11.9 bp −$119	30.9 bp −$3,094	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CRCLUSDT	−0.0719%	8h	91.340	+0.099%	$17.4M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	91.060	−0.208%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.250	0.000%	$14.6M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.290	+0.044%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.349	+0.109%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.280	+0.033%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.280	+0.033%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.320	+0.077%	$93K	$289K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.243	−0.008%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.310	+0.066%	$1.1M	$5.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.300	+0.055%	$889K	$604K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.340	+0.099%	$1.3M	$1.8M	10x	as long as short
Lighter RH CRCL	+0.0080%	1h	91.286	+0.039%	$975K	$2.7M	10x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.311	+0.067%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDTlong	+0.0095%	8h	91.250	long leg	$104.3M	$397.5M	50x
Extended CRCL_24_5-USD	+0.0096%	1h	91.238	−0.013%	$1.0M	$5.1M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.310	+0.066%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.260	+0.011%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	91.350	+0.110%	$67K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.270	+0.022%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.263	+0.015%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0108%	1h	91.208	−0.046%	$67.6M	$44.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0150%	1h	91.293	+0.047%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0168%	8h	91.331	+0.089%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0187%	8h	91.384	+0.147%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0190%	8h	91.270	+0.022%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0213%	8h	91.390	+0.153%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.381	+0.144%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.365	+0.126%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0296%	1h	91.292	+0.046%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0433%	1h	91.250	0.000%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.614%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.290	+0.044%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0765%	4h	91.348	+0.107%	$52K	$278K	10x	as long as short