Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0465%/8h= −50.9% APRpaid last 24h −0.130%

Price spread now: ApeX Omni against edgeX+0.169%7-day average — · you sell dearer than you buy

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

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.732%−$73 on $10k

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. ApeX Omni is 0.169% dearer against edgeX than usual: you sell high and buy low (spread +0.169% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CRCLUSDC	91.735	0.0565	pay 0.0282% / 4h	2h 34m	$23K	$267K	10x
Short	ApeX Omni CRCLUSDT	91.890	0.0100	get 0.0013% / 1h	34m 35s	$68K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now +0.169%Rate

Funding earned: −$97.58
Price spread: +0.169% → 0.000%: $16.91
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$99.68
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 33 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 edgeX live order book, 33 min ago	6.38 bp	11.6 bp −$12	22.8 bp −$228	doesn't fit	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	−0.0424%	8h	92.180	+0.485%	$16.0M	$35.3M	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.990	+0.278%	$916K	$586K	10x	as long as short
Vest CRCL-USD-PERP	−0.0002%	1h	91.870	+0.147%	—	$37K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.140	+0.442%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.124	+0.424%	$421K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.160	+0.463%	$7.2M	$26.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.051	+0.344%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.790	+0.060%	$61K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.000	+0.289%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0026%	1h	92.008	+0.298%	$2K	$23K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.181	+0.486%	$980K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.000	+0.289%	$93K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.076	+0.372%	$69.4M	$41.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.080	+0.376%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.082	+0.378%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.850	+0.125%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.100	+0.398%	$1.3M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0076%	1h	92.100	+0.398%	$4K	$769K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0076%	8h	92.120	+0.420%	$21.7M	$60.3M	50x	as long as short
Binance CRCLUSDT	+0.0079%	8h	92.100	+0.398%	$105.1M	$392.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	92.099	+0.396%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0082%	8h	92.114	+0.414%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0083%	8h	92.165	+0.469%	$756	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.127	+0.428%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.100	+0.398%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDTshort	+0.0100%	1h	91.890	+0.169%	$68K	$4K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.050	+0.343%	$918	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.094	+0.392%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0168%	1h	92.094	+0.391%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0208%	1h	92.183	+0.488%	$3.0M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	+0.649%	$1.1M	$1.1M	20x	as long as short
Phoenix CRCL	+0.0231%	1h	91.730	−0.005%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.370	+0.692%	$5K	$19K	30x	as long as short
edgeX CRCLUSDClong	+0.0565%	4h	91.735	long leg	$23K	$267K	10x