CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0208%/8h= +22.8% APRnext payment +$2.08 per $10,000 · paid last 24h +0.012%

Price spread now: Variational Omni against Orderly+0.098%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Variational Omni is 0.098% dearer against Orderly than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_CRCL_USDC_mythos	93.080	0.0100	pay 0.0100% / 8h	5h 47m	$928	$1K	10x
Short	Variational Omni CRCL	93.171	0.0308	get 0.0308% / 8h	5h 47m	$2.5M	$3.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Orderly. 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 OrderlybpFee Variational OmnibpOrdersPrice spread, now +0.098%Rate

Funding earned: $43.71
Price spread: +0.098% → 0.000%: $9.8
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $47.51
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, just now. 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 Orderly no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, just now	3.44 bp	doesn't fit	14.3 bp −$143	doesn't fit	doesn't fit

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 exchanges

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	−0.0048%	1h	92.950	−0.140%	$869K	$749K	10x	as long as short
Vest CRCL-USD-PERP	−0.0003%	1h	92.930	−0.161%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.060	−0.021%	$15.0M	$25.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.070	−0.011%	$18.6M	$33.4M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.020	−0.064%	$1.0M	$45K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.046	−0.037%	$999K	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	93.059	−0.023%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.975	−0.113%	$67.9M	$40.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.951	−0.139%	$382K	$847K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.035	−0.048%	$47K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.980	−0.107%	$1.0M	$3.8M	10x	as long as short
QFEX CRCL-USD	+0.0055%	1h	92.920	−0.172%	$1.3M	$1.6M	10x	as long as short
Injective CRCL/USDC PERP	+0.0072%	1h	92.090	−1.064%	$38K	$172K	30x	as long as short
Gate CRCL_USDT	+0.0085%	8h	93.110	+0.032%	$7.5M	$25.3M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	93.075	−0.005%	$139K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.100	+0.021%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	93.110	+0.032%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythoslong	+0.0100%	8h	93.080	long leg	$928	$1K	10x
Aevo CRCL-PERP	+0.0104%	1h	93.057	−0.024%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0113%	8h	93.033	−0.050%	$428	$477	5x	as long as short
Phoenix CRCL	+0.0197%	1h	93.210	+0.140%	$28K	$66K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	92.970	−0.118%	$94K	$212K	10x	as long as short
Lighter CRCL	+0.0272%	1h	93.051	−0.031%	$3.0M	$2.1M	10x	as long as short
Nado CRCL-PERP	+0.0281%	1h	92.926	−0.165%	$154K	$94K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0288%	1h	93.010	−0.075%	$5K	$415K	10x	as long as short
Variational Omni CRCLshort	+0.0308%	8h	93.171	+0.098%	$2.5M	$3.3M	—
OKX CRCL-USDT-SWAP	+0.0318%	8h	93.070	−0.011%	$23.0M	$57.0M	50x	as long as short
Aster CRCLUSDT	+0.0385%	8h	93.072	−0.008%	$1.1M	$4.4M	20x	as long as short
Extended CRCL_24_5-USD	+0.0392%	1h	93.039	−0.044%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0395%	8h	93.069	−0.012%	$107.6M	$352.1M	50x	as long as short
BloFin CRCL-USDT	+0.0515%	8h	93.020	−0.064%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0528%	1h	93.230	+0.161%	$418K	$235K	10x	as long as short
edgeX CRCLUSDC	+0.0752%	4h	93.110	+0.032%	$53K	$269K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0786%	8h	93.270	+0.204%	$61K	$1.0M	10x	as long as short