CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.3% APRnext payment −$0.57 per $10,000 · paid last 24h −0.017%

Price spread now: Variational Omni against Binance+0.118%7-day average +0.003% · you sell dearer than you buy

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 2 days (all we have)−0.132%−$13 · spread now +0.118%, 7d avg +0.003%

Together, before fees−0.149%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.115% dearer against Binance than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.003%): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 3 days (−0.017% in total) that is about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	94.560	0.0250	pay 0.0250% / 8h	14m 29s	$109.5M	$390.8M	50x
Short	Variational Omni CRCL	94.671	0.0193	get 0.0193% / 8h	14m 29s	$2.5M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now +0.118%Rate

Funding earned: −$12.01
Price spread: +0.118% → +0.003%: $11.5
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.51
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 14 min ago; Variational Omni: RFQ quote, 5 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 Binance live order book, 14 min ago	0.53 bp	7.2 bp −$7	12.2 bp −$122	34.6 bp −$3,457	181.6 bp −$90.8K
Sell Variational Omni RFQ quote, 5 min ago	3.42 bp	doesn't fit	9.0 bp −$90	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
Gate CRCL_USDT	0.0000%	8h	94.620	+0.063%	$7.2M	$27.8M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.650	+0.095%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.550	−0.011%	$1.4M	$2.8M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.600	+0.042%	$894K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.053%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.530	−0.032%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.541	−0.020%	$366K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.617	+0.060%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.470	−0.095%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0052%	1h	94.630	+0.074%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit CRCLUSDT	+0.0099%	8h	94.590	+0.032%	$15.5M	$25.9M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	94.553	−0.007%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.660	+0.106%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.590	+0.032%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.600	+0.042%	$943	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.628	+0.072%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0116%	8h	94.600	+0.042%	$776	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0150%	1h	94.556	−0.004%	$71.7M	$43.6M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0191%	8h	94.590	+0.032%	$22.8M	$60.8M	50x	as long as short
Variational Omni CRCLshort	+0.0193%	8h	94.671	+0.118%	$2.5M	$3.1M	—
Extended CRCL_24_5-USD	+0.0248%	1h	94.552	−0.008%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDTlong	+0.0250%	8h	94.560	long leg	$109.5M	$390.8M	50x
GRVT CRCL_USDT_Perp	+0.0251%	8h	94.670	+0.116%	$54K	$1.1M	10x	as long as short
Aster CRCLUSDT	+0.0253%	8h	94.580	+0.021%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0266%	1h	94.568	+0.008%	$133K	$76K	3x	as long as short
Phoenix CRCL	+0.0288%	1h	94.711	+0.160%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0298%	8h	94.590	+0.032%	$16.9M	$35.5M	25x	as long as short
Lighter CRCL	+0.0336%	1h	94.621	+0.065%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0372%	8h	94.670	+0.116%	$1.1M	$600K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+1.058%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0490%	1h	94.650	+0.095%	$4K	$772K	10x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.560	0.000%	$97K	$276K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.600	+0.042%	$432K	$303K	10x	as long as short
edgeX CRCLUSDC	+0.0550%	4h	94.622	+0.066%	$24K	$269K	10x	as long as short