Funding you earn now, next payment 01:00 UTC+0.0419%/8h= +45.9% APRpaid last 24h +0.075%
Price spread now: Deribit against Variational Omni−0.242%7-day average −0.013% · 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)+0.161%+$16 on $10k
+Price spread, last 3 days (all we have)+0.241%+$24 · spread now −0.242%, 7d avg −0.013%
=Together, before fees+0.402%+ Points / potential airdropVariational Omni: Active · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.229% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.242% now, against its 7-day average of −0.013%). If the spread goes back, that is −$23 on $10k: about 44 hours of funding at the current rate (+$13 a day). At the pace of the last 3 days (+0.161% in total) that is about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni CRCL | 93.978 | 0.0078 | pay 0.0078% / 8h | 7h 03m | $2.5M | $3.1M | — |
| Short | Deribit CRCL_USDC-PERPETUAL | 93.750 | 0.0497 | get 0.0062% / 1h | 3m 02s | $4K | $769K | 10x |
Variational Omni CRCL
Deribit CRCL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $87.99
- Price spread: −0.242% → −0.013%
- −$22.88
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $58.11
- Costs to cover
- 0.070%
- Break-even
- 2.4 days
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Deribit: live order book, 6 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, 1 min ago | 3.43 bp | doesn't fit | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 6 min ago | 0.53 bp | 13.6 bp −$14 | 16.0 bp −$160 | 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-INTX | −0.0064% | 1h | 93.800 | −0.189% | $938K | $619K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 93.730 | −0.263% | $15.4M | $25.4M | 50x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 93.810 | −0.178% | $7.2M | $27.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 93.770 | −0.221% | $16.7M | $34.4M | 25x | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 93.950 | −0.029% | $62K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.790 | −0.200% | $1.0M | $49K | 10x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 93.693 | −0.303% | $980K | $2.9M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0037% | 1h | 93.973 | −0.005% | $2K | $22K | 5x | as long as short |
| QFEX CRCL-USD | +0.0042% | 1h | 93.730 | −0.263% | $1.3M | $2.5M | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0046% | 1h | 93.650 | −0.349% | — | $37K | 25x | as long as short |
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
Gate CRCL_USDT
Bitget CRCLUSDT
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSD
QFEX CRCL-USD
Vest CRCL-USD-PERPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 93.646 | −0.353% | $71.5M | $40.8M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 93.713 | −0.282% | $363K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 93.760 | −0.232% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 93.730 | −0.263% | $1.1M | $5.7M | 10x | as long as short |
| Variational Omni CRCLlong | +0.0078% | 8h | 93.978 | long leg | $2.5M | $3.1M | — | |
| Paradex CRCL-USD-PERP | +0.0098% | 8h | 93.782 | −0.208% | $769 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 93.788 | −0.201% | $75K | $96K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 93.720 | −0.274% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.940 | −0.040% | $69K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 93.730 | −0.263% | $934 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.756 | −0.236% | $4 | — | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0126% | 8h | 93.730 | −0.263% | $22.7M | $58.6M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0144% | 1h | 93.684 | −0.313% | $1.1M | $5.7M | 10x | as long as short |
| Binance CRCLUSDT | +0.0147% | 8h | 93.700 | −0.296% | $108.5M | $385.3M | 50x | as long as short |
| Aster CRCLUSDT | +0.0152% | 8h | 93.778 | −0.213% | $1.1M | $4.9M | 20x | as long as short |
| Nado CRCL-PERP | +0.0229% | 1h | 93.621 | −0.379% | $144K | $85K | 3x | as long as short |
| BloFin CRCL-USDT | +0.0267% | 8h | 93.750 | −0.242% | $1.1M | $574K | 20x | as long as short |
| Phoenix CRCL | +0.0296% | 1h | 93.980 | +0.003% | $28K | $92K | 10x | as long as short |
| Lighter CRCL | +0.0320% | 1h | 93.771 | −0.220% | $3.0M | $2.3M | 10x | as long as short |
| edgeX CRCLUSDC | +0.0340% | 4h | 94.103 | +0.134% | $24K | $267K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 94.410 | +0.460% | $5K | $19K | 30x | as long as short |
| Deribit CRCL_USDC-PERPETUALshort | +0.0497% | 1h | 93.750 | −0.242% | $4K | $769K | 10x | |
| Arcus CRCL-USD | +0.0521% | 1h | 94.000 | +0.024% | $96K | $271K | 10x | as long as short |
| RISEx CRCL/USDC | +0.0677% | 1h | 93.810 | −0.178% | $428K | $297K | 10x | as long as short |
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
OKX CRCL-USDT-SWAP
Extended CRCL_24_5-USD
Binance CRCLUSDT
Aster CRCLUSDT
Nado CRCL-PERP
BloFin CRCL-USDT
Phoenix CRCL
Lighter CRCL
edgeX CRCLUSDC
Injective CRCL/USDC PERP
Arcus CRCL-USD
RISEx CRCL/USDC