Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.001%

Price spread now: Pacifica against Variational Omni+0.010%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 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 · Pacifica: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRCL	94.220	0.0094	pay 0.0094% / 8h	7h 12m	$2.5M	$3.1M	—
Short	Pacifica CRCL	94.230	0.0100	get 0.0013% / 1h	12m 19s	$75K	$97K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.010%Rate

Funding earned: $1.18
Price spread: +0.010% → 0.000%: $1.02
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$5.8
Costs to cover: 0.080%
Break-even: 41.5 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Pacifica: 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, 2 min ago	3.43 bp	doesn't fit	16.1 bp −$161	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.100	−0.128%	$941K	$621K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.320	+0.106%	$15.5M	$25.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.320	+0.106%	$7.2M	$27.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	94.290	+0.074%	$16.9M	$34.4M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.275	+0.058%	$71K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.250	+0.031%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.261	+0.043%	$888K	$2.8M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	94.227	+0.007%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.270	+0.053%	$1.4M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.180	−0.043%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	94.238	+0.019%	$71.7M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.267	+0.049%	$365K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.275	+0.058%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.180	−0.043%	$1.0M	$5.7M	10x	as long as short
Variational Omni CRCLlong	+0.0094%	8h	94.220	long leg	$2.5M	$3.1M	—
Pacifica CRCLshort	+0.0100%	1h	94.230	+0.010%	$75K	$97K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	94.350	+0.138%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.190	−0.032%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.290	+0.074%	$940	$3K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0101%	8h	94.313	+0.098%	$773	$740	5x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.275	+0.058%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0135%	8h	94.300	+0.084%	$22.8M	$59.1M	50x	as long as short
Binance CRCLUSDT	+0.0174%	8h	94.301	+0.086%	$109.2M	$385.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0176%	1h	94.261	+0.043%	$1.1M	$5.5M	10x	as long as short
Aster CRCLUSDT	+0.0180%	8h	94.356	+0.144%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0221%	1h	94.171	−0.052%	$131K	$76K	3x	as long as short
BloFin CRCL-USDT	+0.0295%	8h	94.310	+0.095%	$1.1M	$569K	20x	as long as short
Phoenix CRCL	+0.0296%	1h	94.345	+0.132%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0312%	1h	94.321	+0.107%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.680	+0.488%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.280	+0.063%	$96K	$271K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.295	+0.079%	$430K	$297K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0812%	1h	94.260	+0.042%	$4K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0934%	4h	94.238	+0.019%	$24K	$269K	10x	as long as short