Funding you earn now, next payment 22:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.030%
Price spread now: Coinbase International against Variational Omni−0.088%7-day average −0.040% · 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)+0.129%+$13 on $10k
+Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.088%, 7d avg −0.040%
=Together, before fees+0.229%+ Points / potential airdropVariational Omni: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.049% cheaper against Variational Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.040%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.129%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CRCL | 94.183 | 0.0128 | pay 0.0128% / 8h | 1h 28m | $2.5M | $3.2M | — |
| Short | Coinbase International CRCL-PERP-INTX | 94.100 | 0.0080 | get 0.0010% / 1h | 28m 21s | $936K | $740K | 10x |
Variational Omni CRCL
Coinbase International CRCL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Variational Omni. 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
- −$10.16
- Price spread: −0.088% → −0.040%
- −$4.88
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$25.04
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Coinbase International: live order book, 55 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, 1 min ago | 3.43 bp | doesn't fit | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 55 min ago | 5.29 bp | 10.3 bp −$10 | 17.5 bp −$175 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CRCL_USDT | 0.0000% | 8h | 94.270 | +0.092% | $7.2M | $27.6M | 50x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 94.200 | +0.018% | $1.0M | $50K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 94.231 | +0.051% | $888K | $2.9M | 10x | as long as short |
| QFEX CRCL-USD | +0.0033% | 1h | 94.160 | −0.025% | $1.4M | $2.8M | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0046% | 1h | 94.100 | −0.088% | — | $45K | 25x | as long as short |
| Aftermath Perps CRCLUSD | +0.0047% | 1h | 94.248 | +0.069% | $2K | $20K | 5x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 94.189 | +0.006% | $365K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 94.132 | −0.054% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 94.130 | −0.057% | $1.1M | $5.8M | 10x | as long as short |
| Bybit CRCLUSDT | +0.0074% | 8h | 94.250 | +0.071% | $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-INTXshort | +0.0080% | 1h | 94.100 | −0.088% | $936K | $740K | 10x | |
| Pacifica CRCL | +0.0100% | 1h | 94.190 | +0.007% | $75K | $99K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 94.300 | +0.124% | $3.0M | $1.8M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 94.170 | −0.014% | $69K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 94.180 | −0.003% | $939 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 94.201 | +0.019% | $4 | — | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0126% | 8h | 94.190 | +0.007% | $59K | $1.2M | 10x | as long as short |
| Variational Omni CRCLlong | +0.0128% | 8h | 94.183 | long leg | $2.5M | $3.2M | — | |
| Paradex CRCL-USD-PERP | +0.0151% | 8h | 94.217 | +0.036% | $773 | $740 | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0154% | 1h | 94.072 | −0.118% | $70.5M | $42.8M | 10x | as long as short |
| RISEx CRCL/USDC | +0.0159% | 1h | 94.265 | +0.087% | $430K | $310K | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.0168% | 1h | 94.192 | +0.009% | $1.1M | $3.8M | 10x | as long as short |
| Binance CRCLUSDT | +0.0171% | 8h | 94.210 | +0.028% | $108.3M | $388.6M | 50x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0175% | 1h | 94.210 | +0.028% | $4K | $771K | 10x | as long as short |
| Aster CRCLUSDT | +0.0194% | 8h | 94.180 | −0.003% | $1.1M | $4.8M | 20x | as long as short |
| edgeX CRCLUSDC | +0.0200% | 4h | 94.277 | +0.100% | $24K | $268K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0211% | 8h | 94.230 | +0.050% | $22.8M | $60.4M | 50x | as long as short |
| Phoenix CRCL | +0.0212% | 1h | 94.187 | +0.004% | $28K | $92K | 10x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 94.200 | +0.018% | $96K | $275K | 10x | as long as short |
| Nado CRCL-PERP | +0.0264% | 1h | 94.132 | −0.054% | $126K | $74K | 3x | as long as short |
| Lighter CRCL | +0.0288% | 1h | 94.226 | +0.045% | $3.0M | $2.3M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0292% | 8h | 94.120 | −0.067% | $1.1M | $579K | 20x | as long as short |
| Bitget CRCLUSDT | +0.0314% | 8h | 94.260 | +0.082% | $16.6M | $35.2M | 25x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 94.760 | +0.612% | $5K | $19K | 30x | as long as short |
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
GRVT CRCL_USDT_Perp
Paradex CRCL-USD-PERP
tradeXYZ xyz:CRCL
RISEx CRCL/USDC
Extended CRCL_24_5-USD
Binance CRCLUSDT
Deribit CRCL_USDC-PERPETUAL
Aster CRCLUSDT
edgeX CRCLUSDC
OKX CRCL-USDT-SWAP
Phoenix CRCL
Arcus CRCL-USD
Nado CRCL-PERP
Lighter CRCL
BloFin CRCL-USDT
Bitget CRCLUSDT
Injective CRCL/USDC PERP