CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0151%/8h= −16.6% APRnext payment −$1.51 per $10,000 · paid last 24h +0.001%

Price spread now: Variational Omni against Paradex−0.055%7-day average — · you buy dearer than you sell

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

Long on Paradex 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 airdropParadex: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.055% cheaper against Paradex than usual: you would sell low and buy high (−$6 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	Paradex CRCL-USD-PERP	91.630	0.0154	pay 0.0154% / 8h	1h 25m	$421	$905	5x
Short	Variational Omni CRCL	91.579	0.0003	get 0.0003% / 8h	1h 25m	$2.4M	$3.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Paradex. 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 ParadexbpFee Variational OmnibpOrdersPrice spread, now −0.055%Rate

Funding earned: −$31.75
Price spread: −0.055% → 0.000%: −$5.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$41.29
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	3.46 bp	doesn't fit	10.6 bp −$106	doesn't fit	doesn't fit

Paradex: 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
Bitget CRCLUSDT	−0.0675%	8h	91.730	+0.109%	$17.5M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0088%	1h	91.370	−0.283%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.660	+0.033%	$14.7M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.710	+0.088%	$7.8M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.550	−0.087%	$1.0M	$48K	10x	as long as short
Variational Omni CRCLshort	+0.0003%	8h	91.579	−0.055%	$2.4M	$3.2M	—
Lighter RH CRCL	+0.0032%	1h	91.665	+0.039%	$978K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.400	−0.251%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.470	−0.174%	$95K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.613	−0.018%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	−0.240%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.469%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.620	−0.011%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0075%	1h	91.614	−0.017%	$67.8M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0088%	8h	91.664	+0.037%	$1.0M	$5.1M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	91.590	−0.043%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.560	−0.076%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.430	−0.218%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.630	0.000%	$914	$2K	10x	as long as short
Binance CRCLUSDT	+0.0103%	8h	91.670	+0.044%	$104.7M	$397.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0104%	1h	91.633	+0.003%	$1.0M	$5.0M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.636	+0.007%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0127%	1h	91.657	+0.030%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERPlong	+0.0154%	8h	91.630	long leg	$421	$905	5x
GRVT CRCL_USDT_Perp	+0.0185%	8h	91.500	−0.141%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0200%	8h	91.660	+0.033%	$22.3M	$62.7M	50x	as long as short
BloFin CRCL-USDT	+0.0220%	8h	91.470	−0.174%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.318	−0.340%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.562	−0.073%	$417K	$268K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.655	+0.028%	$2.9M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0376%	4h	91.464	−0.181%	$52K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0398%	1h	91.572	−0.063%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.100	+0.513%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0625%	1h	91.550	−0.087%	$5K	$769K	10x	as long as short