Funding you earn now, next payment 23:00 UTC−0.0312%/8h= −34.1% APRpaid last 24h −0.122%
Price spread now: Variational Omni against Injective−0.609%106s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Variational Omni is 0.609% cheaper against Injective than usual: you would sell low and buy high (−$61 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CRCL/USDC PERP | 94.760 | 0.0440 | pay 0.0055% / 1h | 29m 25s | $5K | $19K | 30x |
| Short | Variational Omni CRCL | 94.183 | 0.0128 | get 0.0128% / 8h | 1h 29m | $2.5M | $3.2M | — |
Injective CRCL/USDC PERP
Variational Omni CRCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$65.44
- Price spread: −0.609% → 0.000%
- −$60.87
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$126.33
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 5 min ago | 3.43 bp | doesn't fit | 11.0 bp −$110 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CRCL_USDT | 0.0000% | 8h | 94.170 | −0.623% | $7.2M | $27.6M | 50x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 94.140 | −0.654% | $1.0M | $50K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 94.195 | −0.596% | $888K | $2.9M | 10x | as long as short |
| QFEX CRCL-USD | +0.0033% | 1h | 94.060 | −0.739% | $1.3M | $2.7M | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0046% | 1h | 94.040 | −0.760% | — | $45K | 25x | as long as short |
| Aftermath Perps CRCLUSD | +0.0047% | 1h | 94.192 | −0.600% | $2K | $20K | 5x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 94.164 | −0.629% | $365K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 94.098 | −0.699% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 94.130 | −0.665% | $1.1M | $5.8M | 10x | as long as short |
| Bybit CRCLUSDT | +0.0074% | 8h | 94.190 | −0.602% | $15.5M | $25.9M | 50x | as long as short |
Gate CRCL_USDT
Phemex CRCLUSDT
Lighter RH CRCL
QFEX CRCL-USD
Vest CRCL-USD-PERP
Aftermath Perps CRCLUSD
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
Bybit CRCLUSDTShow 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 | 94.100 | −0.696% | $936K | $740K | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 94.120 | −0.675% | $75K | $99K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 94.310 | −0.475% | $3.0M | $1.8M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 94.170 | −0.623% | $69K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 94.150 | −0.644% | $939 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 94.159 | −0.634% | $4 | — | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0126% | 8h | 94.190 | −0.602% | $59K | $1.2M | 10x | as long as short |
| Variational Omni CRCLshort | +0.0128% | 8h | 94.183 | −0.609% | $2.5M | $3.2M | — | |
| tradeXYZ xyz:CRCL | +0.0145% | 1h | 94.164 | −0.629% | $70.6M | $42.8M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0153% | 8h | 94.201 | −0.590% | $772 | $740 | 5x | as long as short |
| RISEx CRCL/USDC | +0.0159% | 1h | 94.195 | −0.596% | $430K | $310K | 10x | as long as short |
| Binance CRCLUSDT | +0.0172% | 8h | 94.180 | −0.612% | $108.2M | $388.5M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0176% | 1h | 94.162 | −0.631% | $1.1M | $3.8M | 10x | as long as short |
| Aster CRCLUSDT | +0.0195% | 8h | 94.180 | −0.612% | $1.1M | $4.8M | 20x | as long as short |
| edgeX CRCLUSDC | +0.0200% | 4h | 94.277 | −0.509% | $24K | $268K | 10x | as long as short |
| Phoenix CRCL | +0.0212% | 1h | 94.187 | −0.605% | $28K | $92K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0214% | 8h | 94.180 | −0.612% | $22.8M | $60.4M | 50x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 94.180 | −0.612% | $96K | $275K | 10x | as long as short |
| Nado CRCL-PERP | +0.0266% | 1h | 94.157 | −0.636% | $126K | $74K | 3x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0281% | 1h | 94.140 | −0.654% | $4K | $771K | 10x | as long as short |
| Lighter CRCL | +0.0288% | 1h | 94.211 | −0.579% | $3.0M | $2.3M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0296% | 8h | 94.120 | −0.675% | $1.1M | $579K | 20x | as long as short |
| Bitget CRCLUSDT | +0.0314% | 8h | 94.160 | −0.633% | $16.6M | $35.2M | 25x | as long as short |
| Injective CRCL/USDC PERPlong | +0.0440% | 1h | 94.760 | long leg | $5K | $19K | 30x |
Coinbase International CRCL-PERP-INTX
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
GRVT CRCL_USDT_Perp
tradeXYZ xyz:CRCL
Paradex CRCL-USD-PERP
RISEx CRCL/USDC
Binance CRCLUSDT
Extended CRCL_24_5-USD
Aster CRCLUSDT
edgeX CRCLUSDC
Phoenix CRCL
OKX CRCL-USDT-SWAP
Arcus CRCL-USD
Nado CRCL-PERP
Deribit CRCL_USDC-PERPETUAL
Lighter CRCL
BloFin CRCL-USDT
Bitget CRCLUSDT