CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0048%/8h= −5.2% APRnext payment −$0.48 per $10,000 · paid last 24h +0.001%

Price spread now: KuCoin against Variational Omni−0.253%7-day average +0.009% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 7 days+0.276%+$28 · spread now −0.253%, 7d avg +0.009%

Together, before fees+0.309%+ Points / potential airdropVariational Omni: Active · farm board+$31 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 KuCoin is 0.262% cheaper against Variational Omni than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRCL	90.940	0.0148	pay 0.0148% / 8h	7h 28m	$2.4M	$3.3M	—
Short	KuCoin CRCLUSDTM	90.710	0.0100	get 0.0100% / 8h	7h 28m	$2.6M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.253%Rate

Funding earned: −$9.99
Price spread: −0.253% → +0.009%: −$26.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$48.16
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; KuCoin: live order book, 9 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	3.47 bp	doesn't fit	12.7 bp −$127	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	1.64 bp	33.8 bp −$34	doesn't fit	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
Vest CRCL-USD-PERP	−0.0101%	1h	90.500	−0.484%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0026%	8h	90.730	−0.231%	$17.3M	$36.3M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	90.730	−0.231%	$14.9M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	90.780	−0.176%	$7.8M	$26.5M	50x	as long as short
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	90.680	−0.286%	$5K	$764K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	90.710	−0.253%	$1.0M	$47K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0008%	8h	90.967	+0.030%	$71K	$1.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	90.744	−0.216%	$976K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	90.690	−0.275%	$935K	$559K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	90.927	−0.015%	$2K	$29K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	90.710	−0.253%	$94K	$283K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	90.655	−0.313%	$66.9M	$44.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	90.624	−0.347%	$374K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	90.720	−0.242%	$45K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	90.790	−0.165%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	90.790	−0.165%	$1.3M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	90.760	−0.198%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	90.710	−0.253%	$2.6M	$1.7M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	90.950	+0.011%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	90.730	−0.231%	$905	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	90.742	−0.217%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0123%	8h	90.773	−0.184%	$418	$766	5x	as long as short
Variational Omni CRCLlong	+0.0148%	8h	90.940	long leg	$2.4M	$3.3M	—
Aster CRCLUSDT	+0.0206%	8h	90.731	−0.230%	$1.0M	$5.0M	20x	as long as short
Lighter CRCL	+0.0208%	1h	90.739	−0.221%	$2.9M	$2.1M	10x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	90.703	−0.261%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0218%	8h	90.732	−0.229%	$104.3M	$386.8M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	91.098	+0.174%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0282%	8h	90.740	−0.220%	$22.1M	$61.2M	50x	as long as short
edgeX CRCLUSDC	+0.0304%	4h	90.952	+0.013%	$52K	$271K	10x	as long as short
BloFin CRCL-USDT	+0.0340%	8h	90.870	−0.077%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0360%	1h	90.664	−0.304%	$133K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.353%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	90.802	−0.152%	$410K	$258K	10x	as long as short