CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h +0.074%

Price spread now: RISEx against QFEX−0.022%7-day average +0.042% · 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−$28as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on QFEX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.286%+$29 on $10k

Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.022%, 7d avg +0.042%

Together, before fees+0.401%+$40 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 RISEx is 0.064% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.042%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.286%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRCL-USD	92.130	0.0028	pay 0.0004% / 1h	12m 31s	$1.3M	$2.0M	10x
Short	RISEx CRCL/USDC	92.110	0	get 0.0000% / 1h	12m 31s	$419K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$5.95
Price spread: −0.022% → +0.042%: −$6.41
Slippage, 4 orders: −$5.44
Fee QFEX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$33.79
Costs to cover: 0.214%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; RISEx: 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, 5 min ago	1.63 bp	6.6 bp −$7	7.4 bp −$74	16.8 bp −$1,675	doesn't fit
Sell RISEx live order book, 46 min ago	1.09 bp	4.1 bp −$4	5.4 bp −$54	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	−0.0939%	8h	92.160	+0.033%	$16.6M	$35.2M	25x	as long as short
Vest CRCL-USD-PERP	−0.0069%	1h	91.870	−0.282%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	92.037	−0.101%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.085	−0.049%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	92.120	−0.011%	$104.8M	$390.0M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.100	−0.033%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDCshort	0.0000%	1h	92.110	−0.022%	$419K	$299K	10x
Gate CRCL_USDT	0.0000%	8h	92.150	+0.022%	$7.2M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.929	−0.218%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.052	−0.084%	$64K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	92.010	−0.130%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.890	−0.261%	$907K	$491K	10x	as long as short
QFEX CRCL-USDlong	+0.0028%	1h	92.130	long leg	$1.3M	$2.0M	10x
OKX CRCL-USDT-SWAP	+0.0032%	8h	92.140	+0.011%	$22.3M	$61.5M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.124	−0.007%	$976K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	91.940	−0.206%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.980	−0.163%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.040	−0.098%	$68.6M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.038	−0.100%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.071	−0.064%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.000	−0.141%	$1.0M	$5.2M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.040	−0.098%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.030	−0.109%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.990	−0.152%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.070	−0.065%	$918	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.071	−0.064%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0107%	8h	92.082	−0.053%	$424	$905	5x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	92.090	−0.043%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	92.044	−0.093%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0200%	1h	92.133	+0.003%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0223%	4h	91.994	−0.147%	$51K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0307%	1h	92.035	−0.103%	$131K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.400	+0.293%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0728%	1h	92.080	−0.054%	$4K	$767K	10x	as long as short