CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h +0.002%

Price spread now: Ondo Perps against QFEX−0.131%7-day average −0.101% · you buy dearer than you sell

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

Long on QFEX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.046%+$5 on $10k

Price spread, last 7 days−0.531%−$53 · spread now −0.131%, 7d avg −0.101%

Together, before fees−0.484%+ Points / potential airdropOndo Perps: Active · farm board−$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.030% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRCL-USD	91.360	0.0068	pay 0.0009% / 1h	30m 16s	$1.3M	$1.8M	10x
Short	Ondo Perps CRCL-USD.P	91.240	0.0050	get 0.0006% / 1h	30m 16s	$1.1M	$5.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$3.8
Price spread: −0.131% → −0.101%: −$3.02
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$21.82
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 min ago; Ondo Perps: 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, 2 min ago	2.19 bp	7.2 bp −$7	8.2 bp −$82	16.9 bp −$1,694	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0716%	8h	91.450	+0.099%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0088%	1h	91.090	−0.296%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.370	+0.011%	$14.6M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.440	+0.088%	$7.8M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.369	+0.010%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.370	+0.011%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.443	+0.091%	$977K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0038%	1h	91.273	−0.095%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.290	−0.077%	$94K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.403	+0.047%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.Pshort	+0.0050%	1h	91.240	−0.131%	$1.1M	$5.2M	10x
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.175%	$888K	$603K	10x	as long as short
QFEX CRCL-USDlong	+0.0068%	1h	91.360	long leg	$1.3M	$1.8M	10x
tradeXYZ xyz:CRCL	+0.0076%	1h	91.355	−0.005%	$67.6M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0086%	8h	91.448	+0.097%	$1.0M	$5.1M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	91.357	−0.003%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.360	0.000%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.290	−0.077%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.400	+0.044%	$911	$2K	10x	as long as short
Binance CRCLUSDT	+0.0100%	8h	91.431	+0.078%	$104.5M	$397.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0104%	1h	91.407	+0.051%	$1.0M	$5.0M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.414	+0.059%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0133%	1h	91.389	+0.032%	$383K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0159%	8h	91.372	+0.013%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0186%	8h	91.369	+0.010%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0199%	8h	91.450	+0.099%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0219%	8h	91.390	+0.033%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.232	−0.140%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.395	+0.038%	$416K	$268K	10x	as long as short
Lighter CRCL	+0.0288%	1h	91.438	+0.085%	$2.9M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0407%	1h	91.400	+0.044%	$5K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0410%	1h	91.322	−0.042%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.720	+0.394%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0795%	4h	91.298	−0.068%	$52K	$278K	10x	as long as short