CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.014%

Price spread now: KuCoin against Variational Omni−0.128%7-day average +0.007% · you buy dearer than you sell

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 7 days+0.114%+$11 · spread now −0.128%, 7d avg +0.007%

Together, before fees+0.151%+ Points / potential airdropVariational Omni: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.136% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of +0.007%). If the spread goes back, that is −$14 on $10k: about 4.5 days of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.037% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRCL	91.307	0	get 0.0000% / 8h	5h 48m	$2.4M	$3.2M	—
Short	KuCoin CRCLUSDTM	91.190	0.0100	get 0.0100% / 8h	5h 48m	$2.8M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.128%Rate

Funding earned: $21
Price spread: −0.128% → +0.007%: −$13.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4.56
Costs to cover: 0.120%
Break-even: 8.5 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; KuCoin: live order book, 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 Variational Omni RFQ quote, 1 min ago	3.47 bp	doesn't fit	11.0 bp −$110	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.64 bp	48.0 bp −$48	doesn't fit	doesn't fit	doesn't fit

CRCL on 33 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	−0.1223%	8h	91.200	−0.117%	$15.6M	$34.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0075%	1h	90.840	−0.512%	—	$35K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.160	−0.161%	$900K	$535K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.140	−0.183%	$14.9M	$25.6M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.100	−0.227%	$416K	$297K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.130	−0.194%	$7.0M	$26.4M	50x	as long as short
Variational Omni CRCLlong	0.0000%	8h	91.307	long leg	$2.4M	$3.2M	—
GRVT CRCL_USDT_Perp	0.0000%	8h	91.340	+0.036%	$66K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.100	−0.227%	$1.0M	$49K	10x	as long as short
Binance CRCLUSDT	+0.0012%	8h	91.126	−0.199%	$103.5M	$383.8M	50x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRCL_24_5-USD	+0.0016%	1h	91.107	−0.220%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0018%	8h	91.106	−0.221%	$1.1M	$4.9M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0022%	1h	91.316	+0.009%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.090	−0.238%	$1.3M	$2.2M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0026%	8h	91.150	−0.172%	$21.4M	$58.9M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.148	−0.174%	$969K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.240	−0.074%	$92K	$271K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.068	−0.262%	$68.2M	$41.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.082	−0.247%	$353K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.078	−0.251%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.050	−0.282%	$973K	$5.1M	10x	as long as short
edgeX CRCLUSDC	+0.0055%	4h	91.376	+0.076%	$23K	$267K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0069%	8h	91.112	−0.214%	$747	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.122	−0.203%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTMshort	+0.0100%	8h	91.190	−0.128%	$2.8M	$1.9M	20x
ApeX Omni CRCLUSDT	+0.0100%	1h	91.500	+0.211%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.110	−0.216%	$908	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.126	−0.198%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.079	−0.250%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0196%	1h	91.064	−0.266%	$130K	$103K	3x	as long as short
Lighter CRCL	+0.0280%	1h	91.161	−0.160%	$2.9M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0299%	1h	91.120	−0.205%	$4K	$767K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.820	+0.562%	$5K	$19K	30x	as long as short