CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0074%/8h= −8.1% APRnext payment −$0.74 per $10,000 · paid last 24h +0.012%

Price spread now: GRVT against Variational Omni−0.134%7-day average +0.018% · you buy dearer than you sell

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 7 days+0.122%+$12 · spread now −0.134%, 7d avg +0.018%

Together, before fees+0.105%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board+$11 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 GRVT is 0.152% cheaper against Variational Omni than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRCL	91.470	0.0147	pay 0.0147% / 8h	7h 52m	$2.4M	$3.3M	—
Short	GRVT CRCL_USDT_Perp	91.347	0.0073	get 0.0073% / 8h	7h 52m	$70K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$15.45
Price spread: −0.134% → +0.018%: −$15.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$39.64
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; GRVT: live order book, just now. 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	3.46 bp	doesn't fit	12.5 bp −$125	doesn't fit	doesn't fit
Sell GRVT live order book, just now	0.55 bp	8.0 bp −$8	15.7 bp −$157	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	−0.0257%	8h	91.440	−0.033%	$17.4M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0088%	1h	91.050	−0.459%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.350	−0.131%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.390	−0.087%	$7.8M	$26.2M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.340	−0.142%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.361	−0.119%	$984K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.200	−0.295%	$873K	$502K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	91.323	−0.160%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.280	−0.208%	$95K	$294K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.250	−0.240%	$67.3M	$44.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	91.265	−0.224%	$377K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.310	−0.175%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.430	−0.044%	$1.1M	$4.8M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.360	−0.120%	$1.3M	$1.7M	10x	as long as short
GRVT CRCL_USDT_Perpshort	+0.0073%	8h	91.347	−0.134%	$70K	$1.1M	10x
Pacifica CRCL	+0.0100%	1h	91.329	−0.154%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.320	−0.164%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.260	−0.229%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.340	−0.142%	$911	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.365	−0.115%	$4	—	10x	as long as short
edgeX CRCLUSDC	+0.0126%	4h	91.321	−0.162%	$52K	$269K	10x	as long as short
Variational Omni CRCLlong	+0.0147%	8h	91.470	long leg	$2.4M	$3.3M	—
Paradex CRCL-USD-PERP	+0.0148%	8h	91.303	−0.182%	$420	$905	5x	as long as short
Lighter CRCL	+0.0160%	1h	91.330	−0.153%	$2.9M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0207%	8h	91.287	−0.200%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0224%	1h	91.387	−0.091%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0224%	8h	91.369	−0.111%	$105.0M	$388.6M	50x	as long as short
Nado CRCL-PERP	+0.0247%	1h	91.231	−0.261%	$134K	$109K	3x	as long as short
Phoenix CRCL	+0.0254%	1h	91.239	−0.252%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0292%	8h	91.420	−0.055%	$22.3M	$61.7M	50x	as long as short
BloFin CRCL-USDT	+0.0342%	8h	91.420	−0.055%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.810	+0.372%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.396	−0.081%	$413K	$259K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.350	−0.131%	$5K	$769K	10x	as long as short