CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.014%

Price spread now: Variational Omni against Polymarket Perps+0.060%7-day average +0.104% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 7 days+0.059%+$6 · spread now +0.060%, 7d avg +0.104%

Together, before fees+0.043%+ Points / potential airdropVariational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.044% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.104%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	91.964	0.0050	pay 0.0006% / 1h	49m 18s	$359K	$1.1M	10x
Short	Variational Omni CRCL	92.019	0	get 0.0000% / 8h	3h 49m	$2.4M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Polymarket Perps. 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 Polymarket PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.060%Rate

Funding earned: −$10.5
Price spread: +0.060% → +0.104%: −$4.38
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$22.88
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: 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 Polymarket Perps live order book, 4 min ago	2.71 bp	6.7 bp −$7	6.8 bp −$68	9.6 bp −$960	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.45 bp	doesn't fit	8.0 bp −$80	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	−0.0704%	8h	92.050	+0.094%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.760	−0.222%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.000	+0.039%	$14.9M	$26.4M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.060	+0.104%	$7.3M	$27.2M	50x	as long as short
Variational Omni CRCLshort	0.0000%	8h	92.019	+0.060%	$2.4M	$3.2M	—
Phemex CRCLUSDT	0.0000%	4h	92.050	+0.094%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0010%	8h	91.986	+0.024%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0014%	8h	92.010	+0.050%	$104.8M	$390.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.979	+0.017%	$1.1M	$5.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	92.002	+0.041%	$2K	$25K	5x	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	+0.0040%	1h	92.016	+0.057%	$975K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.030	+0.072%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.910	−0.059%	$907K	$491K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.912	−0.057%	$68.3M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	91.964	long leg	$359K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	91.992	+0.030%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.940	−0.026%	$1.0M	$5.2M	10x	as long as short
BloFin CRCL-USDT	+0.0056%	8h	92.040	+0.083%	$1.1M	$1.3M	20x	as long as short
QFEX CRCL-USD	+0.0060%	1h	92.000	+0.039%	$1.3M	$1.9M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0063%	8h	92.050	+0.094%	$22.3M	$61.5M	50x	as long as short
GRVT CRCL_USDT_Perp	+0.0064%	8h	92.190	+0.246%	$64K	$1.1M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.000	+0.039%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.980	+0.017%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.120	+0.170%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.970	+0.007%	$917	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.984	+0.022%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	92.005	+0.045%	$418K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0129%	8h	91.990	+0.028%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	92.079	+0.125%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0304%	1h	92.018	+0.059%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0386%	1h	91.915	−0.053%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.460	+0.539%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0488%	4h	92.164	+0.217%	$51K	$276K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0621%	1h	91.980	+0.017%	$4K	$768K	10x	as long as short