Funding you earn now, next payment 02:00 UTC−0.0417%/8h= −45.6% APRnext payment −$0.52 per $10,000 · paid last 24h −0.118%
Price spread now: QFEX against Injective−0.726%105s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and QFEX is 0.726% cheaper against Injective than usual: you would sell low and buy high (−$73 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CRCL/USDC PERP | 92.240 | 0.0440 | pay 0.0055% / 1h | 57m 19s | $5K | $19K | 30x |
| Short | QFEX CRCL-USD | 91.570 | 0.0023 | get 0.0003% / 1h | 57m 19s | $1.3M | $2.2M | 10x |
Injective CRCL/USDC PERP
QFEX CRCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Injective. 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
- −$87.48
- Price spread: −0.726% → 0.000%
- −$72.64
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$170.13
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; QFEX: live order book, 5 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 Injective no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 5 min ago | 1.63 bp | 6.6 bp −$7 | 8.5 bp −$85 | 16.1 bp −$1,607 | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1024% | 8h | 91.630 | −0.661% | $15.8M | $34.1M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0069% | 1h | 91.390 | −0.922% | — | $38K | 25x | as long as short |
| Gate CRCL_USDT | −0.0022% | 8h | 91.590 | −0.705% | $7.0M | $26.4M | 50x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.0016% | 1h | 91.720 | −0.564% | $905K | $552K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.600 | −0.694% | $14.9M | $25.5M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 91.593 | −0.702% | $418K | $297K | 10x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.759 | −0.522% | $2.4M | $3.2M | — | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 91.850 | −0.423% | $63K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.740 | −0.542% | $1.0M | $49K | 10x | as long as short |
| QFEX CRCL-USDshort | +0.0023% | 1h | 91.570 | −0.726% | $1.3M | $2.2M | 10x |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Gate CRCL_USDT
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
RISEx CRCL/USDC
Variational Omni CRCL
GRVT CRCL_USDT_Perp
Phemex CRCLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CRCLUSD | +0.0025% | 1h | 91.764 | −0.516% | $2K | $23K | 5x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 91.601 | −0.693% | $969K | $2.9M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0037% | 8h | 91.600 | −0.694% | $21.6M | $58.6M | 50x | as long as short |
| Binance CRCLUSDT | +0.0038% | 8h | 91.588 | −0.706% | $104.2M | $382.5M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0040% | 1h | 91.581 | −0.714% | $1.1M | $5.7M | 10x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.750 | −0.531% | $93K | $269K | 10x | as long as short |
| Aster CRCLUSDT | +0.0048% | 8h | 91.621 | −0.671% | $1.1M | $4.9M | 20x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.545 | −0.753% | $68.7M | $41.1M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.550 | −0.748% | $355K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.722 | −0.562% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.630 | −0.661% | $1.0M | $5.2M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0070% | 8h | 91.584 | −0.712% | $751 | $740 | 5x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0078% | 1h | 91.590 | −0.705% | $4K | $767K | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.600 | −0.694% | $132K | $157K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.660 | −0.629% | $2.8M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.740 | −0.542% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.610 | −0.683% | $913 | $2K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.564 | −0.733% | $4 | — | 10x | as long as short |
| edgeX CRCLUSDC | +0.0168% | 4h | 91.858 | −0.414% | $23K | $268K | 10x | as long as short |
| Nado CRCL-PERP | +0.0216% | 1h | 91.551 | −0.747% | $130K | $103K | 3x | as long as short |
| Phoenix CRCL | +0.0231% | 1h | 91.761 | −0.519% | $27K | $84K | 10x | as long as short |
| Lighter CRCL | +0.0240% | 1h | 91.630 | −0.661% | $2.9M | $2.4M | 10x | as long as short |
| Injective CRCL/USDC PERPlong | +0.0440% | 1h | 92.240 | long leg | $5K | $19K | 30x |
Aftermath Perps CRCLUSD
Lighter RH CRCL
OKX CRCL-USDT-SWAP
Binance CRCLUSDT
Extended CRCL_24_5-USD
Arcus CRCL-USD
Aster CRCLUSDT
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
Paradex CRCL-USD-PERP
Deribit CRCL_USDC-PERPETUAL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
edgeX CRCLUSDC
Nado CRCL-PERP
Phoenix CRCL
Lighter CRCL