CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h +0.003%

Price spread now: Coinbase International against Variational Omni+0.034%7-day average −0.045% · you sell dearer than you buy

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

Long on Variational Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.110%+$11 on $10k

Price spread, last 3 days (all we have)−0.035%−$4 · spread now +0.034%, 7d avg −0.045%

Together, before fees+0.075%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.078% dearer against Variational Omni than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.045%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 3 days funding on this pair paid +0.110%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRCL	93.569	0.0059	pay 0.0059% / 8h	7h 00m	$2.5M	$3.1M	—
Short	Coinbase International CRCL-PERP-INTX	93.600	−0.0064	pay 0.0008% / 1h	0m 30s	$936K	$591K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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 Variational OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$25.92
Price spread: +0.034% → −0.045%: $7.82
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.1
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Coinbase International: live order book, 8 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 Variational Omni RFQ quote, 4 min ago	3.43 bp	doesn't fit	13.8 bp −$138	doesn't fit	doesn't fit
Sell Coinbase International live order book, 8 min ago	1.06 bp	13.5 bp −$13	21.8 bp −$218	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-INTXshort	−0.0064%	1h	93.600	+0.034%	$936K	$591K	10x
Bybit CRCLUSDT	0.0000%	8h	93.520	−0.052%	$15.3M	$25.4M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	93.610	+0.044%	$7.2M	$27.2M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.570	+0.001%	$16.6M	$34.3M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	93.950	+0.408%	$62K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.620	+0.055%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.517	−0.055%	$980K	$3.0M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	93.831	+0.281%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	93.500	−0.073%	$1.3M	$2.5M	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	93.380	−0.202%	—	$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	93.525	−0.047%	$71.5M	$40.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.483	−0.092%	$362K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.567	−0.002%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.610	+0.044%	$1.0M	$5.7M	10x	as long as short
Variational Omni CRCLlong	+0.0059%	8h	93.569	long leg	$2.5M	$3.1M	—
Paradex CRCL-USD-PERP	+0.0097%	8h	93.504	−0.069%	$767	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	93.541	−0.029%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.570	+0.001%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	93.750	+0.194%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.560	−0.009%	$933	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.578	+0.009%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0123%	8h	93.550	−0.020%	$22.6M	$58.6M	50x	as long as short
Binance CRCLUSDT	+0.0138%	8h	93.500	−0.074%	$107.9M	$385.5M	50x	as long as short
Aster CRCLUSDT	+0.0141%	8h	93.606	+0.040%	$1.1M	$4.9M	20x	as long as short
Extended CRCL_24_5-USD	+0.0144%	1h	93.492	−0.082%	$1.1M	$5.7M	10x	as long as short
Nado CRCL-PERP	+0.0234%	1h	93.424	−0.155%	$154K	$89K	3x	as long as short
BloFin CRCL-USDT	+0.0261%	8h	93.460	−0.116%	$1.1M	$690K	20x	as long as short
Phoenix CRCL	+0.0296%	1h	93.980	+0.440%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0328%	1h	93.607	+0.041%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.210	+0.685%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0498%	1h	93.590	+0.023%	$4K	$769K	10x	as long as short
Arcus CRCL-USD	+0.0521%	1h	93.720	+0.162%	$96K	$271K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	93.524	−0.048%	$427K	$297K	10x	as long as short
edgeX CRCLUSDC	+0.0940%	4h	93.809	+0.257%	$24K	$268K	10x	as long as short