CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0191%/8h= −20.9% APRnext payment −$1.91 per $10,000 · paid last 24h −0.059%

Price spread now: Variational Omni against BloFin−0.011%7-day average −0.004% · you buy dearer than you sell

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)−0.144%−$14 on $10k

Price spread, last 3 days (all we have)−0.005%$0 · spread now −0.011%, 7d avg −0.004%

Together, before fees−0.149%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CRCL-USDT	94.500	0.0308	pay 0.0308% / 8h	7h 24m	$1.1M	$561K	20x
Short	Variational Omni CRCL	94.489	0.0117	get 0.0117% / 8h	7h 24m	$2.5M	$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

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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 BloFinbpFee Variational OmnibpOrdersPrice spread, now −0.011%Rate

Funding earned: −$40.13
Price spread: −0.011% → −0.004%: −$0.68
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$52.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 2 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 BloFin live order book, 2 min ago	1.06 bp	10.8 bp −$11	17.7 bp −$177	46.8 bp −$4,683	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.43 bp	doesn't fit	15.5 bp −$155	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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.210	−0.307%	$942K	$622K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.500	0.000%	$15.5M	$25.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.520	+0.021%	$7.3M	$27.0M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.500	0.000%	$67K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.470	−0.032%	$1.0M	$49K	10x	as long as short
Bitget CRCLUSDT	+0.0030%	8h	94.490	−0.011%	$17.0M	$34.6M	25x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.544	+0.047%	$890K	$2.8M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	94.402	−0.104%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	94.460	−0.042%	$1.4M	$2.6M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.390	−0.116%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	94.480	−0.021%	$71.9M	$42.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.460	−0.042%	$366K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.512	+0.013%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.390	−0.116%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.420	−0.085%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.490	−0.011%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.410	−0.095%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.490	−0.011%	$942	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.517	+0.018%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0106%	8h	94.494	−0.007%	$775	$740	5x	as long as short
Variational Omni CRCLshort	+0.0117%	8h	94.489	−0.011%	$2.5M	$3.1M	—
OKX CRCL-USDT-SWAP	+0.0149%	8h	94.540	+0.042%	$22.8M	$59.5M	50x	as long as short
Binance CRCLUSDT	+0.0188%	8h	94.530	+0.032%	$109.5M	$386.0M	50x	as long as short
Extended CRCL_24_5-USD	+0.0192%	1h	94.509	+0.009%	$1.1M	$5.9M	10x	as long as short
Aster CRCLUSDT	+0.0195%	8h	94.491	−0.009%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0234%	1h	94.411	−0.094%	$132K	$76K	3x	as long as short
Phoenix CRCL	+0.0296%	1h	94.424	−0.080%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0304%	1h	94.543	+0.046%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDTlong	+0.0308%	8h	94.500	long leg	$1.1M	$561K	20x
edgeX CRCLUSDC	+0.0385%	4h	94.442	−0.062%	$24K	$267K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.890	+0.413%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.420	−0.085%	$96K	$273K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.490	−0.011%	$431K	$299K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0703%	1h	94.550	+0.053%	$4K	$769K	10x	as long as short