CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0417%/8h= +45.6% APRnext payment +$0.52 per $10,000 · paid last 24h +0.118%

Price spread now: Injective against QFEX+0.412%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Injective

What this pair did over the last

the charts below follow

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 for this trade now. Funding pays +$12 a day on $10k at the current rate, and Injective is 0.412% dearer against QFEX than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRCL-USD	92.150	0.0023	pay 0.0003% / 1h	8m 31s	$1.3M	$2.1M	10x
Short	Injective CRCL/USDC PERP	92.530	0.0440	get 0.0055% / 1h	8m 31s	$5K	$19K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against QFEX. 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 QFEXbpFee InjectivebpOrdersPrice spread, now +0.412%Rate

Funding earned: $87.48
Price spread: +0.412% → 0.000%: $41.24
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $118.69
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: QFEX: live order book, 4 min ago; Injective: no order-book sample. 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 QFEX live order book, 4 min ago	2.17 bp	7.2 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 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	−0.1064%	8h	92.210	+0.065%	$16.1M	$34.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0076%	1h	92.010	−0.152%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	92.080	−0.076%	$908K	$501K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.114	−0.039%	$1.1M	$5.7M	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.150	0.000%	$15.2M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.161	+0.012%	$421K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.240	+0.098%	$7.2M	$26.9M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.197	+0.051%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.259	+0.118%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.190	+0.043%	$1.0M	$49K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRCLUSDT	+0.0001%	8h	92.169	+0.020%	$105.3M	$386.3M	50x	as long as short
BloFin CRCL-USDT	+0.0007%	8h	92.200	+0.054%	$1.1M	$1.3M	20x	as long as short
Aster CRCLUSDT	+0.0010%	8h	92.113	−0.040%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0011%	8h	92.140	−0.011%	$21.7M	$59.8M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	92.090	−0.065%	$2K	$23K	5x	as long as short
QFEX CRCL-USDlong	+0.0023%	1h	92.150	long leg	$1.3M	$2.1M	10x
Lighter RH CRCL	+0.0032%	1h	92.171	+0.023%	$978K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.140	−0.011%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.111	−0.042%	$68.7M	$41.4M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.171	+0.023%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.191	+0.044%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.110	−0.043%	$1.0M	$5.2M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0076%	1h	92.190	+0.043%	$4K	$767K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0085%	8h	92.143	−0.008%	$756	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.177	+0.029%	$133K	$156K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.130	−0.022%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.980	−0.184%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.190	+0.043%	$919	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.198	+0.052%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	92.048	−0.111%	$27K	$84K	10x	as long as short
Lighter CRCL	+0.0224%	1h	92.174	+0.026%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0224%	1h	92.084	−0.071%	$131K	$104K	3x	as long as short
edgeX CRCLUSDC	+0.0390%	4h	92.183	+0.036%	$23K	$248K	10x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	92.530	+0.412%	$5K	$19K	30x