CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.4% APRnext payment −$0.50 per $10,000 · paid last 24h −0.022%

Price spread now: Variational Omni against Binance−0.049%7-day average +0.006% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 2 days (all we have)+0.045%+$5 · spread now −0.049%, 7d avg +0.006%

Together, before fees+0.022%+ Points / potential airdropVariational Omni: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.055% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.973	0.0050	pay 0.0050% / 8h	6h 15m	$104.9M	$394.3M	50x
Short	Variational Omni CRCL	91.928	0	get 0.0000% / 8h	6h 15m	$2.4M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.049%Rate

Funding earned: −$10.43
Price spread: −0.049% → +0.006%: −$5.46
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$25.89
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; Variational Omni: RFQ quote, 4 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 Binance live order book, 13 min ago	0.54 bp	5.9 bp −$6	8.7 bp −$87	30.7 bp −$3,073	188.0 bp −$94.0K
Sell Variational Omni RFQ quote, 4 min ago	3.46 bp	doesn't fit	10.9 bp −$109	doesn't fit	doesn't fit

CRCL on 33 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	−0.0835%	8h	92.060	+0.094%	$16.1M	$35.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0042%	1h	91.800	−0.188%	—	$40K	25x	as long as short
Gate CRCL_USDT	−0.0012%	8h	92.040	+0.073%	$7.1M	$26.8M	50x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.700	−0.297%	$913K	$580K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.000	+0.029%	$15.0M	$26.0M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.974	+0.001%	$420K	$299K	10x	as long as short
Variational Omni CRCLshort	0.0000%	8h	91.928	−0.049%	$2.4M	$3.2M	—
GRVT CRCL_USDT_Perp	0.0000%	8h	91.730	−0.264%	$69K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.990	+0.018%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0024%	1h	91.905	−0.074%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	92.008	+0.038%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.890	−0.090%	$93K	$273K	10x	as long as short
Extended CRCL_24_5-USD	+0.0048%	1h	91.952	−0.023%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDTlong	+0.0050%	8h	91.973	long leg	$104.9M	$394.3M	50x
tradeXYZ xyz:CRCL	+0.0050%	1h	91.951	−0.024%	$69.1M	$42.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.952	−0.023%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.924	−0.053%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.730	−0.264%	$999K	$5.5M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0057%	8h	92.030	+0.062%	$21.8M	$60.4M	50x	as long as short
QFEX CRCL-USD	+0.0057%	1h	91.970	−0.003%	$1.3M	$2.3M	10x	as long as short
Aster CRCLUSDT	+0.0059%	8h	92.014	+0.045%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0073%	8h	91.975	+0.002%	$754	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.982	+0.010%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.000	+0.029%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.720	−0.275%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.940	−0.036%	$917	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.941	−0.035%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0153%	1h	91.972	−0.001%	$131K	$104K	3x	as long as short
Lighter CRCL	+0.0200%	1h	92.024	+0.055%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.952	−0.023%	$27K	$92K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0294%	1h	91.970	−0.003%	$4K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.500	+0.573%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0678%	4h	91.707	−0.290%	$23K	$268K	10x	as long as short