CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0199%/8h= −21.8% APRnext payment −$1.99 per $10,000 · paid last 24h −0.016%

Price spread now: Variational Omni against Bitget+0.026%7-day average −0.030% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 7 days−0.039%−$4 · spread now +0.026%, 7d avg −0.030%

Together, before fees−0.060%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.056% dearer against Bitget than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.030%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 3 days (−0.021% in total) that is about 8.7 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.021% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRCLUSDT	94.310	0.0323	pay 0.0323% / 8h	1h 34m	$16.7M	$35.1M	25x
Short	Variational Omni CRCL	94.334	0.0124	get 0.0124% / 8h	1h 34m	$2.5M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee Variational OmnibpOrdersPrice spread, now +0.026%Rate

Funding earned: −$41.88
Price spread: +0.026% → −0.030%: $5.58
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$48.31
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: 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 Bitget live order book, 4 min ago	1.59 bp	11.3 bp −$11	18.7 bp −$187	44.2 bp −$4,423	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.43 bp	doesn't fit	12.0 bp −$120	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
Gate CRCL_USDT	0.0000%	8h	94.320	+0.011%	$7.2M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.320	+0.011%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0033%	1h	94.330	+0.021%	$1.4M	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.320	+0.011%	—	$45K	25x	as long as short
Aftermath Perps CRCLUSD	+0.0048%	1h	94.343	+0.035%	$2K	$20K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.338	+0.030%	$361K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.306	−0.004%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.290	−0.021%	$1.1M	$5.9M	10x	as long as short
Lighter RH CRCL	+0.0056%	1h	94.343	+0.035%	$889K	$2.9M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0068%	1h	94.370	+0.064%	$4K	$771K	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	+0.0080%	1h	94.360	+0.053%	$939K	$742K	10x	as long as short
Bybit CRCLUSDT	+0.0082%	8h	94.310	0.000%	$15.5M	$25.8M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	94.270	−0.042%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.330	+0.021%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.340	+0.032%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.320	+0.011%	$940	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.341	+0.033%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0117%	8h	94.382	+0.076%	$59K	$1.2M	10x	as long as short
Variational Omni CRCLshort	+0.0124%	8h	94.334	+0.026%	$2.5M	$3.2M	—
edgeX CRCLUSDC	+0.0138%	4h	94.397	+0.092%	$24K	$267K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0149%	1h	94.236	−0.078%	$70.6M	$42.8M	10x	as long as short
RISEx CRCL/USDC	+0.0159%	1h	94.295	−0.016%	$430K	$310K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0165%	8h	94.314	+0.004%	$773	$740	5x	as long as short
Binance CRCLUSDT	+0.0175%	8h	94.293	−0.018%	$108.3M	$388.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0176%	1h	94.282	−0.030%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0200%	8h	94.290	−0.021%	$1.1M	$4.8M	20x	as long as short
Phoenix CRCL	+0.0212%	1h	94.303	−0.007%	$28K	$92K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	94.270	−0.042%	$97K	$275K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0221%	8h	94.330	+0.021%	$22.8M	$60.4M	50x	as long as short
Nado CRCL-PERP	+0.0291%	1h	94.351	+0.043%	$126K	$74K	3x	as long as short
BloFin CRCL-USDT	+0.0294%	8h	94.340	+0.032%	$1.1M	$580K	20x	as long as short
Lighter CRCL	+0.0312%	1h	94.362	+0.055%	$3.0M	$2.3M	10x	as long as short
Bitget CRCLUSDTlong	+0.0323%	8h	94.310	long leg	$16.7M	$35.1M	25x
Injective CRCL/USDC PERP	+0.0440%	1h	94.770	+0.488%	$5K	$19K	30x	as long as short