CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0114%/8h= −12.5% APRnext payment −$1.14 per $10,000 · paid last 24h −0.031%

Price spread now: Variational Omni against OKX−0.012%7-day average −0.014% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.012%, 7d avg −0.014%

Together, before fees−0.032%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	91.680	0.0114	pay 0.0114% / 8h	2h 50m	$22.3M	$61.9M	50x
Short	Variational Omni CRCL	91.669	0	get 0.0000% / 8h	2h 50m	$2.4M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.012%Rate

Funding earned: −$23.9
Price spread: −0.012% → −0.014%: $0.16
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$33.75
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 OKX live order book, 3 min ago	0.55 bp	6.9 bp −$7	14.8 bp −$148	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.46 bp	doesn't fit	10.2 bp −$102	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
Bitget CRCLUSDT	−0.0747%	8h	91.720	+0.044%	$16.7M	$36.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.370	−0.338%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.640	−0.044%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.700	+0.022%	$7.4M	$27.0M	50x	as long as short
Variational Omni CRCLshort	0.0000%	8h	91.669	−0.012%	$2.4M	$3.2M	—
Phemex CRCLUSDT	0.0000%	4h	91.640	−0.044%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0024%	8h	91.689	+0.010%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.681	+0.001%	$974K	$2.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0032%	1h	91.638	−0.045%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0034%	8h	91.660	−0.022%	$104.5M	$393.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.590	−0.098%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	91.609	−0.077%	$2K	$26K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.635	−0.049%	$384K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.648	−0.035%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.600	−0.087%	$1.0M	$5.1M	10x	as long as short
edgeX CRCLUSDC	+0.0053%	4h	91.553	−0.138%	$51K	$276K	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.610	−0.076%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0066%	1h	91.613	−0.073%	$68.0M	$42.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.400	−0.305%	$911K	$521K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0095%	8h	91.631	−0.054%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.635	−0.049%	$134K	$162K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.640	−0.044%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.520	−0.175%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.670	−0.011%	$914	$2K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0104%	8h	91.609	−0.077%	$62K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.655	−0.027%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0114%	8h	91.680	long leg	$22.3M	$61.9M	50x
RISEx CRCL/USDC	+0.0117%	1h	91.665	−0.017%	$417K	$299K	10x	as long as short
BloFin CRCL-USDT	+0.0138%	8h	91.700	+0.022%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.482	−0.216%	$27K	$82K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0296%	1h	91.650	−0.033%	$4K	$768K	10x	as long as short
Lighter CRCL	+0.0376%	1h	91.670	−0.011%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0382%	1h	91.605	−0.082%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.050	+0.404%	$5K	$19K	30x	as long as short