CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0085%/8h= −9.4% APRnext payment −$0.85 per $10,000 · paid last 24h +0.001%

Price spread now: Variational Omni against Paradex−0.025%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Variational Omni

What this pair did over the last

the charts below follow

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 airdropParadex: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.025% cheaper against Paradex than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CRCL-USD-PERP	92.220	0.0085	pay 0.0085% / 8h	5h 09m	$756	$740	5x
Short	Variational Omni CRCL	92.197	0	get 0.0000% / 8h	5h 09m	$2.5M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Paradex. 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 ParadexbpFee Variational OmnibpOrdersPrice spread, now −0.025%Rate

Funding earned: −$17.94
Price spread: −0.025% → 0.000%: −$2.47
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$24.41
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	3.46 bp	doesn't fit	8.9 bp −$89	doesn't fit	doesn't fit

Paradex: 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
Bitget CRCLUSDT	−0.1079%	8h	92.250	+0.033%	$16.1M	$34.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0076%	1h	92.010	−0.228%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	92.190	−0.032%	$910K	$502K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.186	−0.036%	$1.1M	$5.7M	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.220	0.000%	$15.2M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.225	+0.006%	$421K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.300	+0.087%	$7.2M	$26.9M	50x	as long as short
Variational Omni CRCLshort	0.0000%	8h	92.197	−0.025%	$2.5M	$3.2M	—
GRVT CRCL_USDT_Perp	0.0000%	8h	92.259	+0.042%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.220	0.000%	$1.0M	$49K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRCLUSDT	+0.0002%	8h	92.189	−0.033%	$105.3M	$386.2M	50x	as long as short
Aster CRCLUSDT	+0.0010%	8h	92.219	−0.001%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0012%	8h	92.260	+0.044%	$21.7M	$59.8M	50x	as long as short
BloFin CRCL-USDT	+0.0016%	8h	92.330	+0.119%	$1.1M	$1.3M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	92.090	−0.141%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	92.200	−0.022%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.258	+0.041%	$979K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.140	−0.087%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.157	−0.068%	$68.7M	$41.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.171	−0.053%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.241	+0.023%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.110	−0.119%	$1.0M	$5.2M	10x	as long as short
Paradex CRCL-USD-PERPlong	+0.0085%	8h	92.220	long leg	$756	$740	5x
Pacifica CRCL	+0.0100%	1h	92.207	−0.014%	$133K	$156K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.170	−0.054%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.980	−0.260%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.240	+0.022%	$920	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.239	+0.021%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	92.048	−0.186%	$27K	$84K	10x	as long as short
Lighter CRCL	+0.0224%	1h	92.220	0.000%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0224%	1h	92.204	−0.017%	$131K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0292%	1h	92.270	+0.054%	$4K	$767K	10x	as long as short
edgeX CRCLUSDC	+0.0390%	4h	92.183	−0.040%	$23K	$248K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.530	+0.336%	$5K	$19K	30x	as long as short