CRCL

Alert

Funding spread now, next payment 17:00 UTC−0.0006%/8h

paid, last 24h−0.020%paid, last 3 days−0.151%to open and closeno order book

Long on ApeX Omni Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CRCLUSDT	94.680	0.0100	pay 0.0013% / 1h	36m 04s	$70K	$7K	50x
Short	Variational Omni CRCL	94.734	0.0094	get 0.0094% / 8h	7h 36m	$2.2M	$2.9M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Variational OmnibpOrdersRate

Funding earned: −$1.36
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.36
Break-even: never at this rate

Slippage unknown: ApeX Omni: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.057%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	3.42 bp	doesn't fit	12.7 bp −$127	doesn't fit	doesn't fit

ApeX Omni: 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 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate CRCL_USDT	0.0000%	8h	$7.1M	$25.3M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$45K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$795K	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0040%	1h	—	$45K	25x	as long as short
QFEX CRCL-USD	+0.0049%	1h	$1.4M	$2.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	$1.1M	$5.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	$942K	$797K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0088%	1h	$71.4M	$40.1M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex CRCL-USD-PERP	+0.0088%	8h	$720	$428	5x	as long as short
Variational Omni CRCLshort	+0.0094%	8h	$2.2M	$2.9M	—
Pacifica CRCL	+0.0100%	1h	$76K	$98K	10x	as long as short
ApeX Omni CRCLUSDTlong	+0.0100%	1h	$70K	$7K	50x
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	$945	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0123%	8h	$15.5M	$23.3M	50x	as long as short
RISEx CRCL/USDC	+0.0124%	1h	$405K	$336K	10x	as long as short
Aster CRCLUSDT	+0.0160%	8h	$1.1M	$4.6M	20x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	$1.0M	$3.1M	10x	as long as short
Binance CRCLUSDT	+0.0169%	8h	$107.5M	$352.3M	50x	as long as short
Phoenix CRCL	+0.0204%	1h	$28K	$92K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0207%	8h	$22.8M	$55.8M	50x	as long as short
KuCoin CRCLUSDTM	+0.0240%	8h	$2.9M	$1.4M	20x	as long as short
Bitget CRCLUSDT	+0.0272%	8h	$16.7M	$33.0M	25x	as long as short
Lighter CRCL	+0.0280%	1h	$2.9M	$2.0M	10x	as long as short
BloFin CRCL-USDT	+0.0290%	8h	$1.1M	$585K	20x	as long as short
Nado CRCL-PERP	+0.0307%	1h	$132K	$78K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0312%	1h	$2K	$13K	5x	as long as short
Arcus CRCL-USD	+0.0427%	1h	$106K	$250K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$76K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0594%	1h	$4K	$802K	10x	as long as short
edgeX CRCLUSDC	+0.0686%	4h	$24K	$265K	10x	as long as short