CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0015%/8h= +1.7% APRnext payment +$0.02 per $10,000 · paid last 24h −0.004%

Price spread now: QFEX against Polymarket Perps−0.014%54s7-day average +0.054% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.278% of the position

Long on Polymarket Perps Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 7 days+0.142%+$14 · spread now −0.014%, 7d avg +0.054%

Together, before fees+0.135%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.068% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.054%). If the spread goes back, that is −$7 on $10k: about 15 days of funding at the current rate ($0 a day). The two prices were read 54 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	Polymarket Perps CRCL-USD	90.633	0.0050	pay 0.0006% / 1h	26m 33s	$374K	$1.1M	10x
Short	QFEX CRCL-USD	90.620	0.0065	get 0.0008% / 1h	26m 33s	$1.3M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Polymarket Perps. 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 Polymarket PerpsbpFee QFEXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $3.19
Price spread: −0.014% → +0.054%: −$6.84
Slippage, 4 orders: −$9.79
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$31.43
Costs to cover: 0.278%
Break-even: 75.9 days

Slippage from Polymarket Perps: live order book, 37 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 Polymarket Perps live order book, 37 min ago	1.15 bp	7.1 bp −$7	7.6 bp −$76	9.4 bp −$940	doesn't fit
Sell QFEX live order book, 5 min ago	1.65 bp	6.6 bp −$7	6.6 bp −$66	12.5 bp −$1,247	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	−0.0102%	1h	90.440	−0.213%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0008%	8h	90.730	+0.107%	$17.4M	$36.0M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	90.690	+0.063%	$14.9M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	90.710	+0.085%	$7.7M	$26.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	90.730	+0.107%	$1.0M	$47K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0008%	8h	90.967	+0.368%	$71K	$1.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	90.696	+0.070%	$975K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	90.560	−0.081%	$933K	$560K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	90.871	+0.263%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	90.620	−0.014%	$94K	$278K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	90.631	−0.002%	$66.9M	$44.4M	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	90.633	long leg	$374K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	90.688	+0.061%	$45K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	90.550	−0.092%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USDshort	+0.0065%	1h	90.620	−0.014%	$1.3M	$1.7M	10x
Pacifica CRCL	+0.0100%	1h	90.620	−0.014%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	90.710	+0.085%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	90.950	+0.350%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	90.710	+0.085%	$904	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	90.728	+0.104%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0120%	8h	90.663	+0.033%	$417	$766	5x	as long as short
Variational Omni CRCL	+0.0148%	8h	90.940	+0.339%	$2.4M	$3.3M	—	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0191%	1h	90.690	+0.063%	$5K	$762K	10x	as long as short
Lighter CRCL	+0.0200%	1h	90.696	+0.070%	$2.9M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0201%	8h	90.710	+0.084%	$1.0M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0214%	8h	90.693	+0.066%	$104.0M	$386.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	90.666	+0.036%	$1.1M	$5.1M	10x	as long as short
Phoenix CRCL	+0.0254%	1h	90.710	+0.085%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0281%	8h	90.670	+0.041%	$22.1M	$61.3M	50x	as long as short
edgeX CRCLUSDC	+0.0304%	4h	90.952	+0.352%	$52K	$271K	10x	as long as short
BloFin CRCL-USDT	+0.0336%	8h	90.700	+0.074%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0360%	1h	90.661	+0.031%	$133K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.696%	$108K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	90.687	+0.060%	$409K	$258K	10x	as long as short