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 −0.031%

Price spread now: Variational Omni against OKX−0.111%7-day average −0.014% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 7 days+0.113%+$11 · spread now −0.111%, 7d avg −0.014%

Together, before fees+0.067%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.097% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CRCL-USDT-SWAP	91.950	0.0096	pay 0.0096% / 8h	3h 07m	$22.3M	$61.9M	50x
Short	Variational Omni CRCL	91.848	0	get 0.0000% / 8h	3h 07m	$2.4M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.111%Rate

Funding earned: −$20.21
Price spread: −0.111% → −0.014%: −$9.73
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$39.94
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 OKX live order book, 2 min ago	0.55 bp	7.4 bp −$7	13.9 bp −$139	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.46 bp	doesn't fit	12.3 bp −$123	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	−0.0681%	8h	91.920	−0.033%	$16.6M	$35.8M	25x	as long as short
Vest CRCL-USD-PERP	−0.0062%	1h	91.580	−0.402%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.910	−0.044%	$14.8M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.930	−0.022%	$7.4M	$27.5M	50x	as long as short
Variational Omni CRCLshort	0.0000%	8h	91.848	−0.111%	$2.4M	$3.2M	—
Phemex CRCLUSDT	0.0000%	4h	91.820	−0.141%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0012%	8h	91.926	−0.026%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0021%	8h	91.930	−0.022%	$104.7M	$392.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.837	−0.123%	$1.2M	$5.6M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.822	−0.139%	$973K	$2.9M	10x	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	+0.0039%	1h	91.821	−0.141%	$2K	$26K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.800	−0.163%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	−0.196%	$914K	$522K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.787	−0.177%	$68.1M	$42.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.827	−0.134%	$388K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.816	−0.146%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.650	−0.326%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.820	−0.141%	$1.3M	$1.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0072%	8h	91.815	−0.147%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0084%	8h	91.800	−0.163%	$70K	$1.1M	10x	as long as short
BloFin CRCL-USDT	+0.0085%	8h	91.840	−0.120%	$1.1M	$1.6M	20x	as long as short
OKX CRCL-USDT-SWAPlong	+0.0096%	8h	91.950	long leg	$22.3M	$61.9M	50x
Pacifica CRCL	+0.0100%	1h	91.829	−0.131%	$136K	$160K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.840	−0.120%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.740	−0.228%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.830	−0.131%	$916	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.799	−0.164%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.872	−0.085%	$418K	$299K	10x	as long as short
Phoenix CRCL	+0.0182%	1h	91.797	−0.166%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0248%	1h	91.816	−0.146%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0347%	1h	91.724	−0.245%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.446%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0731%	1h	91.810	−0.152%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0757%	4h	91.849	−0.110%	$51K	$276K	10x	as long as short