Funding you earn now, next payment 23:00 UTC−0.0355%/8h= −38.9% APRpaid last 24h −0.122%
Price spread now: Variational Omni against Injective−0.489%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Variational Omni is 0.489% cheaper against Injective than usual: you would sell low and buy high (−$49 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CRCL/USDC PERP | 94.850 | 0.0440 | pay 0.0055% / 1h | 44m 55s | $5K | $19K | 30x |
| Short | Variational Omni CRCL | 94.386 | 0.0085 | get 0.0085% / 8h | 1h 44m | $2.5M | $3.2M | — |
Injective CRCL/USDC PERP
Variational Omni CRCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$74.59
- Price spread: −0.489% → 0.000%
- −$48.92
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$123.53
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 3.43 bp | doesn't fit | 21.2 bp −$212 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CRCL_USDT | 0.0000% | 8h | 94.450 | −0.422% | $7.2M | $27.5M | 50x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 94.440 | −0.432% | $1.0M | $50K | 10x | as long as short |
| QFEX CRCL-USD | +0.0033% | 1h | 94.440 | −0.432% | $1.4M | $2.7M | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0046% | 1h | 94.390 | −0.485% | — | $45K | 25x | as long as short |
| Aftermath Perps CRCLUSD | +0.0046% | 1h | 94.446 | −0.425% | $2K | $19K | 5x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 94.462 | −0.409% | $362K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 94.452 | −0.420% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 94.300 | −0.580% | $1.1M | $5.8M | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0056% | 8h | 94.380 | −0.496% | $50K | $1.2M | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0080% | 1h | 94.290 | −0.590% | $938K | $742K | 10x | as long as short |
Gate CRCL_USDT
Phemex CRCLUSDT
QFEX CRCL-USD
Vest CRCL-USD-PERP
Aftermath Perps CRCLUSD
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
GRVT CRCL_USDT_Perp
Coinbase International CRCL-PERP-INTXShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRCLUSDT | +0.0081% | 8h | 94.500 | −0.369% | $15.5M | $25.9M | 50x | as long as short |
| Variational Omni CRCLshort | +0.0085% | 8h | 94.386 | −0.489% | $2.5M | $3.2M | — | |
| Pacifica CRCL | +0.0100% | 1h | 94.480 | −0.390% | $76K | $99K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 94.450 | −0.422% | $3.0M | $1.8M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 94.260 | −0.622% | $69K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 94.440 | −0.432% | $942 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 94.487 | −0.383% | $4 | — | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.0128% | 1h | 94.442 | −0.430% | $1.1M | $3.8M | 10x | as long as short |
| Binance CRCLUSDT | +0.0132% | 8h | 94.470 | −0.401% | $108.5M | $388.4M | 50x | as long as short |
| Lighter RH CRCL | +0.0136% | 1h | 94.502 | −0.367% | $891K | $2.9M | 10x | as long as short |
| RISEx CRCL/USDC | +0.0159% | 1h | 94.475 | −0.396% | $431K | $310K | 10x | as long as short |
| Aster CRCLUSDT | +0.0160% | 8h | 94.450 | −0.422% | $1.1M | $4.8M | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.0173% | 8h | 94.487 | −0.383% | $775 | $740 | 5x | as long as short |
| Phoenix CRCL | +0.0212% | 1h | 94.406 | −0.468% | $28K | $92K | 10x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 94.480 | −0.390% | $97K | $275K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0221% | 8h | 94.480 | −0.390% | $22.8M | $60.5M | 50x | as long as short |
| tradeXYZ xyz:CRCL | +0.0251% | 1h | 94.434 | −0.439% | $70.8M | $42.9M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0252% | 8h | 94.500 | −0.369% | $1.1M | $581K | 20x | as long as short |
| Nado CRCL-PERP | +0.0327% | 1h | 94.452 | −0.420% | $127K | $74K | 3x | as long as short |
| Bitget CRCLUSDT | +0.0327% | 8h | 94.490 | −0.380% | $16.7M | $35.1M | 25x | as long as short |
| Lighter CRCL | +0.0384% | 1h | 94.507 | −0.362% | $3.1M | $2.2M | 10x | as long as short |
| Injective CRCL/USDC PERPlong | +0.0440% | 1h | 94.850 | long leg | $5K | $19K | 30x | |
| edgeX CRCLUSDC | +0.0684% | 4h | 94.406 | −0.468% | $24K | $268K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0703% | 1h | 94.490 | −0.380% | $4K | $771K | 10x | as long as short |
Bybit CRCLUSDT
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Extended CRCL_24_5-USD
Binance CRCLUSDT
Lighter RH CRCL
RISEx CRCL/USDC
Aster CRCLUSDT
Paradex CRCL-USD-PERP
Phoenix CRCL
Arcus CRCL-USD
OKX CRCL-USDT-SWAP
tradeXYZ xyz:CRCL
BloFin CRCL-USDT
Nado CRCL-PERP
Bitget CRCLUSDT
Lighter CRCL
edgeX CRCLUSDC
Deribit CRCL_USDC-PERPETUAL