CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.003%

Price spread now: QFEX against Coinbase International+0.033%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.033%, 7d avg +0.040%

Together, before fees−0.082%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International CRCL-PERP-INTX	91.000	0.0032	pay 0.0004% / 1h	31m 39s	$938K	$571K	10x
Short	QFEX CRCL-USD	91.030	0.0065	get 0.0008% / 1h	31m 39s	$1.3M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $6.97
Price spread: +0.033% → +0.040%: −$0.69
Slippage, 4 orders: −$4.39
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.1
Costs to cover: 0.244%
Break-even: 25.2 days

Slippage from Coinbase International: live order book, 2 min ago; QFEX: live order book, 5 min ago.

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 Coinbase International live order book, 2 min ago	0.55 bp	5.5 bp −$6	9.4 bp −$94	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.65 bp	6.6 bp −$7	7.5 bp −$75	12.8 bp −$1,283	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
Vest CRCL-USD-PERP	−0.0098%	1h	90.710	−0.319%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0051%	8h	90.990	−0.011%	$17.3M	$36.2M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	90.970	−0.033%	$15.0M	$26.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.040	+0.044%	$1.0M	$47K	10x	as long as short
Gate CRCL_USDT	+0.0007%	8h	91.030	+0.033%	$7.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	90.966	−0.037%	$979K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTXlong	+0.0032%	1h	91.000	long leg	$938K	$571K	10x
Aftermath Perps CRCLUSD	+0.0037%	1h	91.067	+0.074%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	90.900	−0.110%	$94K	$283K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	90.927	−0.080%	$67.0M	$44.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	90.928	−0.079%	$376K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	90.968	−0.035%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	90.990	−0.011%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USDshort	+0.0065%	1h	91.030	+0.033%	$1.3M	$1.7M	10x
Pacifica CRCL	+0.0100%	1h	90.940	−0.066%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	90.980	−0.022%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.120	+0.132%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.000	0.000%	$907	$1K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0104%	8h	91.175	+0.193%	$71K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.054	+0.060%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0128%	8h	90.935	−0.072%	$418	$766	5x	as long as short
Variational Omni CRCL	+0.0152%	8h	91.180	+0.198%	$2.4M	$3.3M	—	as long as short
Aster CRCLUSDT	+0.0211%	8h	91.015	+0.017%	$1.0M	$5.0M	20x	as long as short
Lighter CRCL	+0.0224%	1h	90.976	−0.026%	$2.9M	$2.1M	10x	as long as short
Extended CRCL_24_5-USD	+0.0224%	1h	90.936	−0.070%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0226%	8h	90.960	−0.044%	$104.6M	$386.5M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	91.098	+0.108%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0290%	8h	90.950	−0.055%	$22.2M	$61.3M	50x	as long as short
BloFin CRCL-USDT	+0.0350%	8h	91.020	+0.022%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0372%	1h	90.964	−0.040%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0410%	1h	90.960	−0.044%	$5K	$766K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.286%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.030	+0.033%	$411K	$257K	10x	as long as short
edgeX CRCLUSDC	+0.0936%	4h	91.171	+0.188%	$52K	$270K	10x	as long as short