CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h +0.012%

Price spread now: SoDEX against QFEX−0.109%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. SoDEX is 0.109% cheaper against QFEX than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 17 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRCL-USD	91.630	0.0028	pay 0.0004% / 1h	39m 07s	$1.3M	$2.0M	10x
Short	SoDEX CRCL-USD	91.530	0.0050	get 0.0006% / 1h	39m 07s	$46K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.109%Rate

Funding earned: $4.55
Price spread: −0.109% → 0.000%: −$10.91
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$24.36
Costs to cover: 0.180%
Break-even: 44.5 days

Slippage unknown: QFEX: live order book, 8 min ago; SoDEX: 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, 8 min ago	2.18 bp	7.2 bp −$7	7.2 bp −$72	16.1 bp −$1,613	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0976%	8h	91.610	−0.022%	$16.2M	$34.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.410	−0.240%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.576	−0.059%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.523	−0.117%	$1.1M	$5.6M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.566	−0.070%	$104.4M	$388.3M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.600	−0.033%	$14.9M	$26.3M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.620	−0.011%	$418K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.570	−0.065%	$7.2M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.678	+0.052%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.698	+0.074%	$65K	$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	91.600	−0.033%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0014%	8h	91.610	−0.022%	$21.9M	$60.6M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.600	−0.033%	$904K	$489K	10x	as long as short
edgeX CRCLUSDC	+0.0023%	4h	91.866	+0.258%	$51K	$275K	10x	as long as short
QFEX CRCL-USDlong	+0.0028%	1h	91.630	long leg	$1.3M	$2.0M	10x
Aftermath Perps CRCLUSD	+0.0029%	1h	91.695	+0.071%	$2K	$24K	5x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.547	−0.091%	$972K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.930	+0.327%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.485	−0.158%	$68.2M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.600	−0.033%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USDshort	+0.0050%	1h	91.530	−0.109%	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.700	+0.076%	$992K	$5.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0078%	1h	91.510	−0.131%	$4K	$767K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0088%	8h	91.641	+0.012%	$422	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.633	+0.004%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.560	−0.076%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.630	0.000%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.560	−0.076%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.525	−0.115%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.630	0.000%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.674	+0.048%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0184%	1h	91.563	−0.073%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0299%	1h	91.603	−0.029%	$130K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.190	+0.611%	$5K	$19K	30x	as long as short