Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.043%

Price spread now: Variational Omni against Gate−0.031%7-day average −0.034% · you buy dearer than you sell

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.031%, 7d avg −0.034%

Together, before fees+0.011%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRCL_USDT	94.290	0	get 0.0000% / 8h	2h 29m	$7.2M	$27.7M	50x
Short	Variational Omni CRCL	94.261	0	get 0.0000% / 8h	2h 29m	$2.5M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.034%: $0.33
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.67
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: 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 Gate live order book, 4 min ago	1.06 bp	14.7 bp −$15	24.3 bp −$243	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.43 bp	doesn't fit	17.4 bp −$174	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
Extended CRCL_24_5-USD	0.0000%	1h	94.287	−0.003%	$1.1M	$3.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	94.304	+0.015%	$108.3M	$389.2M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	94.302	+0.012%	$430K	$310K	10x	as long as short
Gate CRCL_USDTlong	0.0000%	8h	94.290	long leg	$7.2M	$27.7M	50x
Variational Omni CRCLshort	0.0000%	8h	94.261	−0.031%	$2.5M	$3.2M	—
GRVT CRCL_USDT_Perp	0.0000%	8h	94.250	−0.042%	$50K	$1.2M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.140	−0.159%	$1.0M	$50K	10x	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.300	+0.011%	$1.4M	$2.7M	10x	as long as short
Aster CRCLUSDT	+0.0021%	8h	94.260	−0.032%	$1.1M	$4.8M	20x	as long as short
Bybit CRCLUSDT	+0.0024%	8h	94.300	+0.011%	$15.5M	$25.9M	50x	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	94.242	−0.051%	$877K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.191	−0.105%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.190	−0.106%	—	$45K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.224	−0.070%	$70.8M	$42.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.209	−0.086%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.262	−0.030%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.160	−0.138%	$1.1M	$5.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0087%	8h	94.241	−0.052%	$716	$428	5x	as long as short
Pacifica CRCL	+0.0100%	1h	94.250	−0.042%	$75K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.210	−0.085%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.210	−0.085%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.230	−0.064%	$939	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.260	−0.032%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	94.190	−0.106%	$1.1M	$587K	20x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.000	−0.308%	$935K	$739K	10x	as long as short
Nado CRCL-PERP	+0.0191%	1h	94.157	−0.141%	$126K	$73K	3x	as long as short
edgeX CRCLUSDC	+0.0196%	4h	94.232	−0.061%	$24K	$268K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0225%	8h	94.300	+0.011%	$22.8M	$60.6M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.212	−0.083%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0248%	1h	94.270	−0.021%	$3.1M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0281%	1h	94.230	−0.064%	$4K	$771K	10x	as long as short
Bitget CRCLUSDT	+0.0332%	8h	94.240	−0.053%	$16.7M	$35.2M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.770	+0.509%	$5K	$20K	30x	as long as short
Arcus CRCL-USD	+0.0560%	1h	94.210	−0.085%	$97K	$271K	10x	as long as short