CRCL

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Variational OmniCRCL	82.758	+0.0264	pay 0.0264% / 8h	6h 28m	$2.7M	$1.5M	20x	Long Variational Omni+15% pts
SHORT	PopdexCRCLUSDT	82.820	+0.0072	get 0.0009% / 1h	28m 16s	$370K	$185K	20x	Short Popdex

Price gap+0.075%

Funding gap−0.0192% /8h

The gap pays +$4 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 17 hours. At the last 7 days' pace that is about 37 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$17−0.0192% /8h now · paid −0.168% over the last 7D

Price+$4spread +0.075% now, avg +0.034% → +0.041% if it goes back

Costs−$290.293% of $10k · taker + slippage, in and out

Result−$42−0.42%+ Points / potential airdropVariational Omni: points · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…

Entry / ExitPopdex: thin, under $1M open interest

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.075%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CRCL on 36 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

OK: Fits both order books8.9 / 7.5 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$500 + $500
Variational Omni 20x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$5.75Long Variational Omni: 3 payments, −$7.91; short Popdex: 24 payments, +$2.16.
OK: Entry gap works for you+0.075% vs +0.034%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$370K vs $2.7M OI
Popdex sets your exit cost. Check its book before closing.
OK: Points on a legVariational Omni points
Volume here counts toward the points program.
OK: No KYC on either legVariational Omni No · Popdex No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0088%/8h × 21 periods−$18.50

Price spread+0.075% → +0.034% (7d avg)+$4.11

Slippage, 4 orderslive order books−$22.94

Fee Variational Omni bp × 2 orders$0.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$43.73

Costs to cover0.293%Break-evennever at this rate

Slippage: Variational Omni: RFQ quote, just now; Popdex: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGVariational Omni3.588.9 bp−$914.2 bp−$142doesn’t fitdoesn’t fit

SELL · SHORTPopdex1.817.5 bp−$816.5 bp−$165doesn’t fitdoesn’t fit

Closing costs about the same again.

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchangeSearch all news →

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09-21 13:35	gTrade (Gains Network)	Listing	new market CRCL/USD ($CRCL) seen by our collector
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