CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0186%/8h= −20.3% APRnext payment −$1.86 per $10,000 · paid last 24h −0.042%

Price spread now: Variational Omni against BloFin+0.024%7-day average −0.004% · you sell dearer than you buy

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

Long on BloFin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.127%−$13 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.024%, 7d avg −0.004%

Together, before fees−0.156%+ Points / potential airdropVariational Omni: Active · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.029% dearer against BloFin than usual: you sell high and buy low (spread +0.024% now, against its 7-day average of −0.004%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRCL-USDT	94.760	0.0325	pay 0.0325% / 8h	36m 31s	$1.1M	$599K	20x
Short	Variational Omni CRCL	94.783	0.0139	get 0.0139% / 8h	36m 31s	$2.6M	$3.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BloFin. 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 BloFinbpFee Variational OmnibpOrdersPrice spread, now +0.024%Rate

Funding earned: −$39.01
Price spread: +0.024% → −0.004%: $2.88
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$48.13
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 1 min ago; Variational Omni: RFQ quote, 3 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 BloFin live order book, 1 min ago	3.17 bp	10.4 bp −$10	17.9 bp −$179	55.6 bp −$5,558	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.43 bp	doesn't fit	8.5 bp −$85	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	94.740	−0.021%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.720	−0.042%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.710	−0.053%	$1.4M	$2.7M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.756	−0.004%	$894K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.264%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.710	−0.053%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.682	−0.082%	$367K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.678	−0.087%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.600	−0.169%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0051%	1h	94.702	−0.061%	$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
Pacifica CRCL	+0.0100%	1h	94.700	−0.063%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.710	−0.053%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.610	−0.158%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.680	−0.084%	$944	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.714	−0.049%	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0105%	8h	94.720	−0.042%	$15.6M	$25.9M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0129%	8h	94.718	−0.044%	$777	$740	5x	as long as short
Variational Omni CRCLshort	+0.0139%	8h	94.783	+0.024%	$2.6M	$3.1M	—
GRVT CRCL_USDT_Perp	+0.0184%	8h	94.784	+0.025%	$61K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0203%	8h	94.720	−0.042%	$22.9M	$60.7M	50x	as long as short
Binance CRCLUSDT	+0.0205%	8h	94.715	−0.047%	$109.7M	$389.8M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0207%	1h	94.627	−0.140%	$71.0M	$42.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0208%	1h	94.695	−0.068%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0215%	8h	94.734	−0.027%	$1.1M	$4.9M	20x	as long as short
Phoenix CRCL	+0.0288%	1h	94.734	−0.027%	$28K	$92K	10x	as long as short
Nado CRCL-PERP	+0.0292%	1h	94.661	−0.105%	$127K	$73K	3x	as long as short
Bitget CRCLUSDT	+0.0311%	8h	94.700	−0.063%	$16.9M	$35.4M	25x	as long as short
BloFin CRCL-USDTlong	+0.0325%	8h	94.760	long leg	$1.1M	$599K	20x
Lighter CRCL	+0.0400%	1h	94.756	−0.004%	$3.1M	$2.2M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.844%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0489%	1h	94.730	−0.032%	$4K	$772K	10x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.710	−0.053%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.740	−0.021%	$432K	$312K	10x	as long as short
edgeX CRCLUSDC	+0.0579%	4h	94.706	−0.057%	$24K	$267K	10x	as long as short