CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.012%

Price spread now: Orderly against Variational Omni−0.055%48s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.055% cheaper against Variational Omni than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRCL	91.540	0.0143	pay 0.0143% / 8h	7h 48m	$2.4M	$3.3M	—
Short	Orderly PERP_CRCL_USDC_mythos	91.490	0.0100	get 0.0100% / 8h	7h 48m	$912	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 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 Variational OmnibpFee OrderlybpOrdersPrice spread, now −0.055%Rate

Funding earned: −$8.98
Price spread: −0.055% → 0.000%: −$5.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.43
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Orderly: no order-book sample. 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	12.3 bp −$123	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0215%	8h	91.480	−0.065%	$17.4M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0089%	1h	91.160	−0.415%	—	$31K	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.470	−0.076%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.448	−0.100%	$985K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.320	−0.240%	$874K	$503K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	91.368	−0.188%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.410	−0.142%	$95K	$287K	10x	as long as short
Gate CRCL_USDT	+0.0046%	8h	91.460	−0.087%	$7.8M	$26.2M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.380	−0.175%	$67.4M	$44.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.348	−0.210%	$377K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	91.460	−0.087%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.400	−0.153%	$1.1M	$4.8M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	91.410	−0.142%	$1.3M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.410	−0.142%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.400	−0.153%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.210	−0.360%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythosshort	+0.0100%	8h	91.490	−0.055%	$912	$1K	10x
Aevo CRCL-PERP	+0.0104%	1h	91.498	−0.046%	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0123%	8h	91.460	−0.087%	$14.9M	$26.5M	50x	as long as short
Variational Omni CRCLlong	+0.0143%	8h	91.540	long leg	$2.4M	$3.3M	—
Paradex CRCL-USD-PERP	+0.0147%	8h	91.412	−0.140%	$420	$766	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0151%	8h	91.371	−0.185%	$62K	$1.1M	10x	as long as short
Lighter CRCL	+0.0192%	1h	91.454	−0.094%	$2.9M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0218%	8h	91.480	−0.065%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0232%	1h	91.417	−0.134%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0234%	8h	91.470	−0.076%	$105.1M	$388.1M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	91.478	−0.068%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0293%	8h	91.480	−0.065%	$22.3M	$61.7M	50x	as long as short
Nado CRCL-PERP	+0.0336%	1h	91.363	−0.193%	$134K	$109K	3x	as long as short
BloFin CRCL-USDT	+0.0351%	8h	91.510	−0.033%	$1.1M	$1.7M	20x	as long as short
edgeX CRCLUSDC	+0.0355%	4h	91.326	−0.233%	$52K	$270K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.950	+0.448%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.450	−0.098%	$413K	$258K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0516%	1h	91.480	−0.065%	$5K	$769K	10x	as long as short