CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.96 per $10,000 · paid last 24h +0.001%

Price spread now: Orderly against Variational Omni−0.077%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.077% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRCL	91.891	0.0004	pay 0.0004% / 8h	6h 38m	$2.5M	$3.2M	—
Short	Orderly PERP_CRCL_USDC_mythos	91.820	0.0100	get 0.0100% / 8h	6h 38m	$915	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Variational Omni. 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 Variational OmnibpFee OrderlybpOrdersPrice spread, now −0.077%Rate

Funding earned: $20.06
Price spread: −0.077% → 0.000%: −$7.7
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.36
Costs to cover: 0.060%
Break-even: 4.8 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Orderly: no order-book sample. 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, 1 min ago	3.46 bp	doesn't fit	11.7 bp −$117	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0270%	8h	91.870	−0.023%	$16.0M	$35.4M	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.650	−0.262%	$912K	$584K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.880	−0.012%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.876	−0.017%	$420K	$301K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.790	−0.110%	$7.2M	$26.3M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.910	+0.021%	$68K	$1.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	91.780	−0.121%	$4K	$769K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.810	−0.088%	$1.0M	$49K	10x	as long as short
Variational Omni CRCLlong	+0.0004%	8h	91.891	long leg	$2.5M	$3.2M	—
Vest CRCL-USD-PERP	+0.0007%	1h	91.630	−0.284%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0027%	1h	92.020	+0.140%	$2K	$22K	5x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.837	−0.059%	$975K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.880	−0.012%	$93K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.766	−0.136%	$69.2M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.845	−0.050%	$355K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.760	−0.142%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.760	−0.142%	$1.0M	$5.5M	10x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.840	−0.055%	$1.3M	$2.4M	10x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	91.813	−0.085%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.853	−0.041%	$1.1M	$4.9M	20x	as long as short
Binance CRCLUSDT	+0.0082%	8h	91.860	−0.033%	$104.8M	$393.4M	50x	as long as short
OKX CRCL-USDT-SWAP	+0.0083%	8h	91.880	−0.012%	$21.6M	$60.2M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0085%	8h	91.854	−0.041%	$753	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.860	−0.034%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.880	−0.012%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.210	+0.347%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythosshort	+0.0100%	8h	91.820	−0.077%	$915	$3K	10x
Aevo CRCL-PERP	+0.0104%	1h	91.792	−0.107%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0186%	1h	91.851	−0.043%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0192%	1h	91.833	−0.063%	$3.0M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	+0.478%	$1.1M	$1.1M	20x	as long as short
Phoenix CRCL	+0.0231%	1h	91.923	+0.035%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.270	+0.413%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0628%	4h	92.314	+0.461%	$23K	$267K	10x	as long as short