CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.63 per $10,000 · paid last 24h +0.022%

Price spread now: Binance against Variational Omni−0.130%7-day average −0.002% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 7 days+0.140%+$14 · spread now −0.130%, 7d avg −0.002%

Together, before fees+0.163%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.128% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.002%). If the spread goes back, that is −$13 on $10k: about 6.8 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.023% in total) that is about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRCL	91.719	0	get 0.0000% / 8h	2h 04m	$2.4M	$3.2M	—
Short	Binance CRCLUSDT	91.600	0.0063	get 0.0063% / 8h	2h 04m	$104.6M	$397.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now −0.130%Rate

Funding earned: $13.14
Price spread: −0.130% → −0.002%: −$12.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$9.67
Costs to cover: 0.100%
Break-even: 12.2 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Binance: live order book, 9 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 Variational Omni RFQ quote, 5 min ago	3.46 bp	doesn't fit	18.4 bp −$184	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.55 bp	6.5 bp −$6	10.8 bp −$108	33.8 bp −$3,384	130.8 bp −$65.4K

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 CRCLUSDT	−0.0844%	8h	91.680	−0.042%	$17.5M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0082%	1h	91.390	−0.359%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.600	−0.130%	$14.7M	$26.8M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.660	−0.064%	$7.7M	$27.7M	50x	as long as short
Variational Omni CRCLlong	0.0000%	8h	91.719	long leg	$2.4M	$3.2M	—
Phemex CRCLUSDT	0.0000%	4h	91.650	−0.075%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.609	−0.120%	$977K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	91.546	−0.189%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.610	−0.119%	$93K	$289K	10x	as long as short
Aster CRCLUSDT	+0.0048%	8h	91.540	−0.195%	$1.0M	$5.1M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX CRCL-USD	+0.0050%	1h	91.568	−0.165%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.630	−0.097%	$1.1M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	91.640	−0.086%	$1.3M	$1.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0060%	1h	91.610	−0.119%	$384K	$1.3M	10x	as long as short
Binance CRCLUSDTshort	+0.0063%	8h	91.600	−0.130%	$104.6M	$397.6M	50x
Extended CRCL_24_5-USD	+0.0064%	1h	91.584	−0.147%	$1.0M	$5.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.590	−0.141%	$892K	$606K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0078%	1h	91.577	−0.155%	$67.8M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.620	−0.108%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.610	−0.119%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.570	−0.162%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.620	−0.108%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.613	−0.115%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.670	−0.053%	$417K	$277K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0147%	8h	91.730	+0.012%	$65K	$1.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0151%	8h	91.661	−0.064%	$422	$905	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0157%	8h	91.620	−0.108%	$22.3M	$62.7M	50x	as long as short
BloFin CRCL-USDT	+0.0179%	8h	91.700	−0.021%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.654	−0.071%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.615	−0.113%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0341%	1h	91.526	−0.210%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.150	+0.470%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0515%	1h	91.590	−0.141%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0609%	4h	91.726	+0.007%	$52K	$277K	10x	as long as short