CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.017%

Price spread now: QFEX against Pacifica+0.022%7-day average −0.001% · 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−$68as in the Price arb table

costs, in and out, $10k−$700.704% of the position

Long on Pacifica Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.089%−$9 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.022%, 7d avg −0.001%

Together, before fees−0.271%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.023% dearer against Pacifica than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.001%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CRCL	91.290	0.0100	pay 0.0013% / 1h	12m 25s	$134K	$159K	10x
Short	QFEX CRCL-USD	91.310	0.0054	get 0.0007% / 1h	12m 25s	$1.3M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Pacifica. 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 PacificabpFee QFEXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$9.56
Price spread: +0.022% → −0.001%: $2.25
Slippage, 4 orders: −$52.43
Fee Pacifica: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$77.73
Costs to cover: 0.704%
Break-even: never at this rate

Slippage from Pacifica: live order book, 16 min ago; QFEX: live order book, 4 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 Pacifica live order book, 16 min ago	18.69 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.64 bp	6.6 bp −$7	6.8 bp −$68	15.0 bp −$1,500	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	−0.0981%	8h	91.400	+0.120%	$17.0M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0079%	1h	91.000	−0.318%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.340	+0.055%	$14.6M	$26.9M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.370	+0.088%	$7.6M	$27.6M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.280	−0.011%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.340	+0.055%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0029%	8h	91.295	+0.006%	$1.0M	$5.1M	20x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.334	+0.048%	$973K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	91.226	−0.070%	$2K	$27K	5x	as long as short
Extended CRCL_24_5-USD	+0.0040%	1h	91.307	+0.018%	$1.0M	$5.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.250	−0.044%	$93K	$289K	10x	as long as short
Binance CRCLUSDT	+0.0043%	8h	91.330	+0.044%	$104.0M	$396.8M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.253	−0.041%	$68.2M	$43.5M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.316	+0.028%	$382K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.272	−0.020%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.220	−0.077%	$1.1M	$5.2M	10x	as long as short
QFEX CRCL-USDshort	+0.0054%	1h	91.310	+0.022%	$1.3M	$1.8M	10x
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.190	−0.110%	$888K	$603K	10x	as long as short
Pacifica CRCLlong	+0.0100%	1h	91.290	long leg	$134K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.270	−0.022%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.210	−0.088%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.300	+0.011%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.322	+0.036%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	91.334	+0.048%	$416K	$285K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0122%	8h	91.298	+0.008%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0125%	8h	91.320	+0.033%	$65K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0138%	8h	91.360	+0.077%	$22.1M	$62.4M	50x	as long as short
BloFin CRCL-USDT	+0.0162%	8h	91.310	+0.022%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0210%	1h	91.287	−0.003%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0240%	1h	91.337	+0.051%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0323%	1h	91.206	−0.093%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.760	+0.515%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0737%	1h	91.300	+0.011%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0795%	4h	91.300	+0.011%	$52K	$278K	10x	as long as short