CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.63 per $10,000 · paid last 24h −0.019%

Price spread now: Variational Omni against Aster−0.009%7-day average −0.005% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.058%−$6 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.009%, 7d avg −0.005%

Together, before fees−0.088%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	92.190	0.0239	pay 0.0239% / 8h	7h 19m	$1.0M	$5.0M	20x
Short	Variational Omni CRCL	92.182	0.0176	get 0.0176% / 8h	7h 19m	$2.4M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now −0.009%Rate

Funding earned: −$13.33
Price spread: −0.009% → −0.005%: −$0.41
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$21.74
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 4 min ago; Variational Omni: RFQ quote, 5 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 Aster live order book, 4 min ago	2.19 bp	8.1 bp −$8	43.5 bp −$435	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.47 bp	doesn't fit	13.5 bp −$135	doesn't fit	doesn't fit

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
Vest CRCL-USD-PERP	−0.0102%	1h	91.760	−0.466%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.180	−0.011%	$17.8M	$36.1M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.990	−0.217%	$1.0M	$47K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.065	−0.136%	$989K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	92.020	−0.184%	$947K	$567K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0035%	1h	91.430	−0.825%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.120	−0.076%	$96K	$276K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.058	−0.143%	$67.7M	$43.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.017	−0.188%	$380K	$999K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.900	−0.315%	$1.1M	$4.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0065%	1h	92.130	−0.065%	$1.4M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.070	−0.130%	$135K	$143K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.020	−0.184%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.010	−0.195%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.150	−0.043%	$919	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.165	−0.027%	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0121%	8h	92.120	−0.076%	$15.1M	$26.8M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0138%	8h	92.132	−0.063%	$424	$766	5x	as long as short
Gate CRCL_USDT	+0.0142%	8h	92.150	−0.043%	$7.9M	$26.7M	50x	as long as short
Variational Omni CRCLshort	+0.0176%	8h	92.182	−0.009%	$2.4M	$3.3M	—
Lighter CRCL	+0.0184%	1h	92.131	−0.064%	$3.0M	$2.1M	10x	as long as short
Aster CRCLUSDTlong	+0.0239%	8h	92.190	long leg	$1.0M	$5.0M	20x
Extended CRCL_24_5-USD	+0.0248%	1h	92.095	−0.103%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0252%	8h	92.144	−0.050%	$106.1M	$385.9M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	91.817	−0.405%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0296%	8h	92.170	−0.022%	$22.5M	$61.8M	50x	as long as short
Nado CRCL-PERP	+0.0357%	1h	92.072	−0.128%	$135K	$109K	3x	as long as short
BloFin CRCL-USDT	+0.0359%	8h	92.300	+0.119%	$1.1M	$1.7M	20x	as long as short
SoDEX CRCL-USD	+0.0402%	1h	91.960	−0.249%	$46K	$3K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0406%	8h	92.320	+0.141%	$72K	$1.1M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.000	−0.206%	$39K	$172K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	92.090	−0.109%	$416K	$256K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0729%	1h	91.990	−0.217%	$5K	$749K	10x	as long as short
edgeX CRCLUSDC	+0.0880%	4h	92.076	−0.124%	$52K	$270K	10x	as long as short