CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h −0.036%

Price spread now: QFEX against Extended+0.072%7-day average −0.003% · 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−$15as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Extended Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.072%, 7d avg −0.003%

Together, before fees−0.045%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.075% dearer against Extended than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	91.814	0.0032	pay 0.0004% / 1h	25m 09s	$1.2M	$5.7M	10x
Short	QFEX CRCL-USD	91.880	0.0060	get 0.0008% / 1h	25m 09s	$1.3M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Extended. 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 ExtendedbpFee QFEXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $5.93
Price spread: +0.072% → −0.003%: $7.52
Slippage, 4 orders: −$7.91
Fee Extended: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$9.46
Costs to cover: 0.229%
Break-even: 18.2 days

Slippage from Extended: live order book, 4 min ago; QFEX: live order book, 2 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 Extended live order book, 4 min ago	0.38 bp	5.7 bp −$6	57.4 bp −$574	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	2.17 bp	7.2 bp −$7	8.2 bp −$82	15.8 bp −$1,584	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
Bitget CRCLUSDT	−0.0688%	8h	91.890	+0.083%	$16.6M	$35.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0062%	1h	91.610	−0.222%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.840	+0.029%	$14.9M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.900	+0.094%	$7.3M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.918	+0.113%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.880	+0.072%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0023%	8h	91.904	+0.098%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0032%	8h	91.855	+0.045%	$104.7M	$392.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.826	+0.013%	$974K	$2.9M	10x	as long as short
Extended CRCL_24_5-USDlong	+0.0032%	1h	91.814	long leg	$1.2M	$5.7M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0040%	1h	91.876	+0.068%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.930	+0.127%	$93K	$273K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.730	−0.091%	$905K	$509K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.780	−0.037%	$68.2M	$41.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.769	−0.049%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.816	+0.002%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.950	+0.148%	$1.0M	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0060%	8h	91.852	+0.042%	$423	$905	5x	as long as short
QFEX CRCL-USDshort	+0.0060%	1h	91.880	+0.072%	$1.3M	$1.9M	10x
OKX CRCL-USDT-SWAP	+0.0095%	8h	91.860	+0.050%	$22.3M	$61.7M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.867	+0.058%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.850	+0.039%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.980	+0.181%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.840	+0.029%	$916	$2K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0101%	8h	92.040	+0.246%	$70K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.803	−0.012%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.881	+0.073%	$418K	$300K	10x	as long as short
BloFin CRCL-USDT	+0.0126%	8h	91.840	+0.029%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0182%	1h	91.950	+0.148%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0280%	1h	91.820	+0.007%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0359%	1h	91.726	−0.096%	$133K	$107K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.480	+0.726%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0731%	1h	91.810	−0.004%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0944%	4h	92.023	+0.228%	$51K	$275K	10x	as long as short