CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0517%/8h= +56.6% APRnext payment +$5.17 per $10,000 · paid last 24h −0.027%

Price spread now: Variational Omni against Bitget−0.099%7-day average −0.031% · you buy dearer than you sell

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 7 days+0.065%+$7 · spread now −0.099%, 7d avg −0.031%

Together, before fees+0.033%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.068% cheaper against Bitget than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.031%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$16 a day).

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.032% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.17 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CRCLUSDT	91.840	−0.0485	get 0.0485% / 8h	1h 13m	$17.6M	$37.0M	25x
Short	Variational Omni CRCL	91.749	0.0032	get 0.0032% / 8h	1h 13m	$2.4M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now −0.099%Rate

Funding earned: $108.52
Price spread: −0.099% → −0.031%: −$6.8
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $89.71
Costs to cover: 0.120%
Break-even: 1.2 days

Slippage unknown: Bitget: live order book, 6 min ago; Variational Omni: RFQ quote, 1 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 Bitget live order book, 6 min ago	1.63 bp	9.6 bp −$10	15.0 bp −$150	33.0 bp −$3,295	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.45 bp	doesn't fit	10.6 bp −$106	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
Bitget CRCLUSDTlong	−0.0485%	8h	91.840	long leg	$17.6M	$37.0M	25x
Vest CRCL-USD-PERP	−0.0082%	1h	91.480	−0.392%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.810	−0.033%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.830	−0.011%	$7.8M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.760	−0.087%	$1.0M	$48K	10x	as long as short
Variational Omni CRCLshort	+0.0032%	8h	91.749	−0.099%	$2.4M	$3.2M	—
Aftermath Perps CRCLUSD	+0.0039%	1h	91.679	−0.176%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.700	−0.152%	$94K	$292K	10x	as long as short
Lighter RH CRCL	+0.0048%	1h	91.800	−0.044%	$981K	$2.7M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.768	−0.078%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.670	−0.185%	$1.1M	$5.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.790	−0.054%	$894K	$454K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.750	−0.098%	$1.3M	$1.8M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.757	−0.090%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.720	−0.131%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.650	−0.207%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.760	−0.087%	$915	$2K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0102%	1h	91.715	−0.136%	$67.9M	$44.5M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.790	−0.054%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0117%	8h	91.775	−0.071%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0128%	1h	91.753	−0.094%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0130%	8h	91.794	−0.050%	$105.0M	$397.7M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0141%	1h	91.756	−0.091%	$384K	$1.3M	10x	as long as short
edgeX CRCLUSDC	+0.0144%	4h	91.739	−0.110%	$52K	$278K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0177%	8h	91.729	−0.120%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0210%	8h	91.769	−0.077%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0219%	8h	91.810	−0.033%	$22.3M	$62.7M	50x	as long as short
Phoenix CRCL	+0.0245%	1h	91.694	−0.159%	$27K	$82K	10x	as long as short
BloFin CRCL-USDT	+0.0250%	8h	91.780	−0.065%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.780	−0.065%	$418K	$267K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.798	−0.046%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0419%	1h	91.676	−0.178%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.210	+0.403%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0841%	1h	91.770	−0.076%	$5K	$769K	10x	as long as short