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

CRCL

RWAall CRCL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.007%
Price spread now: ApeX Omni against Bitget+0.140%83s7-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 7 days−0.169%−$17 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.140% dearer against Bitget than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.169%, so the current rate has only just turned in your favour. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CRCLUSDT92.9800get 0.0000% / 8h5h 46m$18.6M$33.5M25x
ShortApeX Omni CRCLUSDT93.1100.0100get 0.0013% / 1h46m 06s$68K$4K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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
$21
Price spread: +0.140% → 0.000%
$13.98
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$12.98
Costs to cover
0.220%
Break-even
2.7 days
Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago1.61 bp9.5 bp −$916.0 bp −$16046.3 bp −$4,635doesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International CRCL-PERP-INTX−0.0048%1h92.950−0.032%$869K$749K10xas long as short
Vest CRCL-USD-PERP−0.0002%1h93.000+0.022%$30K25xas long as short
Bybit CRCLUSDT0.0000%8h92.940−0.043%$15.0M$25.1M50xas long as short
Bitget CRCLUSDTlong0.0000%8h92.980long leg$18.6M$33.5M25x
Phemex CRCLUSDT0.0000%4h92.9800.000%$1.0M$45K10xas long as short
Lighter RH CRCL+0.0032%1h92.961−0.020%$998K$2.5M10xas long as short
Aftermath Perps CRCLUSD+0.0042%1h93.040+0.064%$2K$29K5xas long as short
tradeXYZ xyz:CRCL+0.0050%1h92.874−0.114%$67.9M$40.2M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h93.010+0.032%$382K$847K10xas long as short
SoDEX CRCL-USD+0.0050%1h92.978−0.002%$47K$3K10xas long as short
Show all 34 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps CRCL-USD.P+0.0050%1h92.9800.000%$1.0M$3.8M10xas long as short
QFEX CRCL-USD+0.0055%1h92.920−0.065%$1.3M$1.6M10xas long as short
Injective CRCL/USDC PERP+0.0072%1h92.090−0.957%$38K$172K30xas long as short
Deribit CRCL_USDC-PERPETUAL+0.0073%1h92.960−0.022%$5K$415K10xas long as short
Gate CRCL_USDT+0.0082%8h93.040+0.065%$7.5M$25.3M50xas long as short
Pacifica CRCL+0.0100%1h93.024+0.048%$139K$139K10xas long as short
KuCoin CRCLUSDTM+0.0100%8h93.040+0.065%$2.6M$1.6M20xas long as short
ApeX Omni CRCLUSDTshort+0.0100%1h93.110+0.140%$68K$4K50x
Orderly PERP_CRCL_USDC_mythos+0.0100%8h93.020+0.043%$927$1K10xas long as short
Aevo CRCL-PERP+0.0104%1h93.000+0.022%$410xas long as short
Paradex CRCL-USD-PERP+0.0112%8h92.994+0.015%$428$4775xas long as short
Phoenix CRCL+0.0197%1h93.210+0.247%$28K$66K10xas long as short
Arcus CRCL-USD+0.0214%1h92.9800.000%$94K$212K10xas long as short
Nado CRCL-PERP+0.0285%1h93.011+0.033%$154K$94K3xas long as short
Lighter CRCL+0.0296%1h93.035+0.059%$3.0M$2.1M10xas long as short
Variational Omni CRCL+0.0308%8h93.171+0.206%$2.5M$3.3Mas long as short
OKX CRCL-USDT-SWAP+0.0316%8h92.940−0.043%$22.9M$56.8M50xas long as short
Aster CRCLUSDT+0.0383%8h93.070+0.097%$1.1M$4.4M20xas long as short
Binance CRCLUSDT+0.0392%8h92.998+0.019%$107.6M$352.2M50xas long as short
Extended CRCL_24_5-USD+0.0392%1h92.983+0.003%$1.1M$4.0M10xas long as short
BloFin CRCL-USDT+0.0515%8h93.020+0.043%$1.1M$1.7M20xas long as short
RISEx CRCL/USDC+0.0528%1h93.040+0.065%$417K$234K10xas long as short
edgeX CRCLUSDC+0.0752%4h93.110+0.139%$53K$269K10xas long as short
GRVT CRCL_USDT_Perp+0.0786%8h93.270+0.312%$61K$1.0M10xas long as short