CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0723%/8h= −79.2% APRnext payment −$7.23 per $10,000 · paid last 24h +0.027%

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

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.032%+$3 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.034%, 7d avg +0.031%

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 +0.031%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.032% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRCL	91.349	0	get 0.0000% / 8h	1h 36m	$2.4M	$3.2M	—
Short	Bitget CRCLUSDT	91.380	−0.0723	pay 0.0723% / 8h	1h 36m	$17.4M	$37.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BitgetbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$151.83
Price spread: +0.034% → +0.031%: $0.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$163.55
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bitget: live order book, 2 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 Variational Omni RFQ quote, 2 min ago	3.46 bp	doesn't fit	18.4 bp −$184	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.10 bp	9.8 bp −$10	15.4 bp −$154	42.5 bp −$4,248	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 CRCLUSDTshort	−0.0723%	8h	91.380	+0.034%	$17.4M	$37.0M	25x
Vest CRCL-USD-PERP	−0.0086%	1h	91.000	−0.382%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.310	−0.043%	$14.6M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.360	+0.012%	$7.8M	$27.5M	50x	as long as short
Variational Omni CRCLlong	0.0000%	8h	91.349	long leg	$2.4M	$3.2M	—
Phemex CRCLUSDT	0.0000%	4h	91.320	−0.032%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.303	−0.051%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.270	−0.086%	$93K	$289K	10x	as long as short
Lighter RH CRCL	+0.0048%	1h	91.326	−0.025%	$976K	$2.7M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.294	−0.060%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.180	−0.185%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.163%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.310	−0.043%	$1.3M	$1.8M	10x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.343	−0.006%	$1.0M	$5.1M	20x	as long as short
tradeXYZ xyz:CRCL	+0.0093%	1h	91.237	−0.123%	$67.5M	$44.4M	10x	as long as short
Binance CRCLUSDT	+0.0095%	8h	91.300	−0.054%	$104.4M	$397.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0096%	1h	91.288	−0.067%	$1.0M	$5.0M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.300	−0.054%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.310	−0.043%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.200	−0.163%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.330	−0.021%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.317	−0.036%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0140%	1h	91.301	−0.053%	$382K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0165%	8h	91.277	−0.079%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0189%	8h	91.388	+0.042%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0192%	8h	91.320	−0.032%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0215%	8h	91.310	−0.043%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.175	−0.190%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.333	−0.018%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0304%	1h	91.306	−0.047%	$2.9M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0391%	4h	91.241	−0.119%	$52K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0425%	1h	91.213	−0.149%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.505%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0846%	1h	91.360	+0.012%	$5K	$769K	10x	as long as short