CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.04 per $10,000 · paid last 24h +0.016%

Price spread now: Pacifica against QFEX−0.033%7-day average 0.000% · 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−$68as in the Price arb table

costs, in and out, $10k−$640.643% of the position

Long on QFEX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.033%, 7d avg 0.000%

Together, before fees+0.239%+ Points / potential airdropPacifica: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.032% cheaper against QFEX than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of 0.000%). If the spread goes back, that is −$3 on $10k: about 3.7 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.090% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRCL-USD	91.680	0.0071	pay 0.0009% / 1h	37m 52s	$1.3M	$1.8M	10x
Short	Pacifica CRCL	91.650	0.0100	get 0.0013% / 1h	37m 52s	$134K	$159K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.033%Rate

Funding earned: $6.06
Price spread: −0.033% → 0.000%: −$3.22
Slippage, 4 orders: −$46.33
Fee QFEX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$61.49
Costs to cover: 0.643%
Break-even: 78.0 days

Slippage from QFEX: live order book, 4 min ago; Pacifica: live order book, 46 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 QFEX live order book, 4 min ago	2.18 bp	7.2 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell Pacifica live order book, 46 min ago	9.82 bp	26.6 bp −$27	doesn't fit	doesn't fit	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	−0.0244%	8h	91.650	−0.033%	$17.5M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0078%	1h	91.410	−0.295%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.610	−0.076%	$7.8M	$27.3M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.700	+0.022%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0029%	8h	91.540	−0.153%	$14.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.641	−0.043%	$979K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.650	−0.033%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.700	+0.022%	$97K	$292K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.611	−0.075%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.710	+0.033%	$1.1M	$4.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USDlong	+0.0071%	1h	91.680	long leg	$1.3M	$1.8M	10x
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.400	−0.305%	$890K	$405K	10x	as long as short
Variational Omni CRCL	+0.0095%	8h	91.757	+0.084%	$2.4M	$3.3M	—	as long as short
Pacifica CRCLshort	+0.0100%	1h	91.650	−0.033%	$134K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.640	−0.044%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.700	+0.022%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.650	−0.033%	$914	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.662	−0.019%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0124%	1h	91.474	−0.225%	$67.7M	$43.8M	10x	as long as short
Aster CRCLUSDT	+0.0167%	8h	91.574	−0.115%	$1.0M	$5.0M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0172%	8h	91.691	+0.013%	$422	$905	5x	as long as short
Polymarket Perps CRCL-USD	+0.0174%	1h	91.658	−0.024%	$380K	$1.3M	10x	as long as short
Binance CRCLUSDT	+0.0182%	8h	91.517	−0.177%	$105.1M	$389.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0184%	1h	91.585	−0.103%	$1.0M	$5.0M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0187%	1h	91.660	−0.022%	$5K	$769K	10x	as long as short
Phoenix CRCL	+0.0227%	1h	91.688	+0.009%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0248%	8h	91.784	+0.113%	$61K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0259%	8h	91.540	−0.153%	$22.3M	$61.8M	50x	as long as short
Lighter CRCL	+0.0296%	1h	91.636	−0.048%	$2.9M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0302%	8h	91.720	+0.044%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0433%	1h	91.644	−0.039%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+0.534%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.710	+0.033%	$411K	$271K	10x	as long as short
edgeX CRCLUSDC	+0.0982%	4h	91.785	+0.115%	$52K	$275K	10x	as long as short