CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0186%/8h= −20.4% APRnext payment −$1.86 per $10,000 · paid last 24h −0.057%

Price spread now: Variational Omni against BloFin−0.067%7-day average +0.009% · you buy dearer than you sell

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.166%−$17 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.067%, 7d avg +0.009%

Together, before fees−0.035%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.076% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRCL-USDT	92.640	0.0444	pay 0.0444% / 8h	6h 58m	$1.1M	$1.7M	20x
Short	Variational Omni CRCL	92.578	0.0257	get 0.0257% / 8h	6h 58m	$2.4M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now −0.067%Rate

Funding earned: −$39.08
Price spread: −0.067% → +0.009%: −$7.59
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$58.68
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Variational Omni: RFQ quote, just now. 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 BloFin live order book, 4 min ago	1.62 bp	7.9 bp −$8	11.9 bp −$119	31.4 bp −$3,144	doesn't fit
Sell Variational Omni RFQ quote, just now	3.44 bp	doesn't fit	15.9 bp −$159	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	−0.0069%	1h	92.420	−0.237%	—	$31K	25x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.610	−0.032%	$18.0M	$35.2M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.620	−0.022%	$1.0M	$46K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.580	−0.065%	$891K	$678K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	92.585	−0.060%	$2K	$29K	5x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.545	−0.103%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.510	−0.140%	$1.1M	$4.3M	10x	as long as short
Lighter RH CRCL	+0.0056%	1h	92.594	−0.050%	$995K	$2.3M	10x	as long as short
Gate CRCL_USDT	+0.0058%	8h	92.610	−0.032%	$7.3M	$25.3M	50x	as long as short
QFEX CRCL-USD	+0.0065%	1h	92.580	−0.065%	$1.4M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	92.550	−0.097%	$136K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.600	−0.043%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.510	−0.140%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.540	−0.108%	$923	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.539	−0.109%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0148%	1h	92.583	−0.062%	$380K	$963K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0167%	8h	92.587	−0.057%	$426	$766	5x	as long as short
Bybit CRCLUSDT	+0.0182%	8h	92.570	−0.076%	$15.1M	$26.1M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0240%	1h	92.490	−0.162%	$67.8M	$42.8M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	92.779	+0.150%	$27K	$64K	10x	as long as short
Variational Omni CRCLshort	+0.0257%	8h	92.578	−0.067%	$2.4M	$3.2M	—
Nado CRCL-PERP	+0.0293%	1h	92.465	−0.188%	$149K	$111K	3x	as long as short
Lighter CRCL	+0.0296%	1h	92.581	−0.064%	$3.0M	$2.0M	10x	as long as short
Aster CRCLUSDT	+0.0310%	8h	92.629	−0.012%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0312%	8h	92.570	−0.076%	$22.6M	$59.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0320%	1h	92.539	−0.109%	$1.1M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0323%	8h	92.550	−0.097%	$106.6M	$377.3M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	92.620	−0.022%	$96K	$269K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.200	+0.604%	$39K	$172K	30x	as long as short
BloFin CRCL-USDTlong	+0.0444%	8h	92.640	long leg	$1.1M	$1.7M	20x
RISEx CRCL/USDC	+0.0479%	1h	92.565	−0.081%	$414K	$255K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0507%	1h	92.490	−0.162%	$5K	$617K	10x	as long as short
edgeX CRCLUSDC	+0.0674%	4h	92.700	+0.065%	$53K	$270K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0688%	8h	92.732	+0.099%	$62K	$1.1M	10x	as long as short