CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.011%

Price spread now: Coinbase International against Variational Omni−0.108%7-day average −0.048% · you buy dearer than you sell

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

Long on Variational Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.112%+$11 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.108%, 7d avg −0.048%

Together, before fees+0.218%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.060% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.048%). If the spread goes back, that is −$6 on $10k: about 6.5 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.112% in total) that is about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRCL	91.499	0.0057	pay 0.0057% / 8h	56m 53s	$2.4M	$3.2M	—
Short	Coinbase International CRCL-PERP-INTX	91.400	0.0088	get 0.0011% / 1h	56m 53s	$890K	$420K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.108%Rate

Funding earned: $6.48
Price spread: −0.108% → −0.048%: −$6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$9.52
Costs to cover: 0.100%
Break-even: 17.3 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Coinbase International: live order book, 46 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, 2 min ago	3.46 bp	doesn't fit	16.9 bp −$169	doesn't fit	doesn't fit
Sell Coinbase International live order book, 46 min ago	1.10 bp	13.7 bp −$14	19.7 bp −$197	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 CRCLUSDT	−0.0349%	8h	91.620	+0.132%	$17.6M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0080%	1h	91.230	−0.294%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.610	+0.121%	$7.8M	$27.2M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.570	+0.078%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0009%	8h	91.550	+0.056%	$14.8M	$26.6M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.500	+0.001%	$2K	$28K	5x	as long as short
Lighter RH CRCL	+0.0040%	1h	91.588	+0.097%	$979K	$2.6M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.510	+0.012%	$95K	$289K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.494	−0.005%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.430	−0.075%	$1.1M	$5.0M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CRCLlong	+0.0057%	8h	91.499	long leg	$2.4M	$3.2M	—
QFEX CRCL-USD	+0.0071%	1h	91.500	+0.001%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTXshort	+0.0088%	1h	91.400	−0.108%	$890K	$420K	10x
Pacifica CRCL	+0.0100%	1h	91.488	−0.012%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.590	+0.099%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.440	−0.064%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.550	+0.056%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.557	+0.064%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0142%	8h	91.598	+0.108%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0158%	8h	91.540	+0.045%	$105.2M	$395.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0160%	1h	91.534	+0.038%	$1.0M	$5.0M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0184%	8h	91.482	−0.018%	$421	$905	5x	as long as short
tradeXYZ xyz:CRCL	+0.0199%	1h	91.509	+0.011%	$67.7M	$44.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0206%	1h	91.477	−0.024%	$383K	$1.3M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0226%	8h	91.550	+0.056%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0242%	8h	91.560	+0.067%	$22.3M	$62.1M	50x	as long as short
Phoenix CRCL	+0.0245%	1h	91.481	−0.020%	$27K	$74K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.582	+0.091%	$2.9M	$2.3M	10x	as long as short
BloFin CRCL-USDT	+0.0278%	8h	91.570	+0.078%	$1.1M	$1.7M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0406%	1h	91.530	+0.034%	$5K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0407%	1h	91.426	−0.080%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.890	+0.427%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.552	+0.058%	$418K	$265K	10x	as long as short
edgeX CRCLUSDC	+0.0477%	4h	91.500	+0.001%	$52K	$278K	10x	as long as short