CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0150%/8h= −16.4% APRnext payment −$0.19 per $10,000 · paid last 24h −0.001%

Price spread now: Vest against QFEX−0.262%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 Vest

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—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Vest is 0.262% cheaper against QFEX than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRCL-USD	91.750	0.0068	pay 0.0009% / 1h	10m 29s	$1.3M	$1.8M	10x
Short	Vest CRCL-USD-PERP	91.510	−0.0081	pay 0.0010% / 1h	10m 29s	—	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.262%Rate

Funding earned: −$31.47
Price spread: −0.262% → 0.000%: −$26.16
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$69.62
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 1 min ago; Vest: 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, 1 min ago	2.18 bp	7.2 bp −$7	8.1 bp −$81	14.8 bp −$1,475	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0446%	8h	91.780	+0.033%	$17.6M	$37.0M	25x	as long as short
Vest CRCL-USD-PERPshort	−0.0081%	1h	91.510	−0.262%	—	$31K	25x
Bybit CRCLUSDT	0.0000%	8h	91.770	+0.022%	$14.7M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.840	+0.098%	$7.8M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.720	−0.033%	$1.0M	$48K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.705	−0.049%	$2K	$28K	5x	as long as short
Variational Omni CRCL	+0.0039%	8h	91.738	−0.013%	$2.4M	$3.2M	—	as long as short
Lighter RH CRCL	+0.0040%	1h	91.801	+0.056%	$981K	$2.7M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.710	−0.044%	$94K	$292K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.728	−0.024%	$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.P	+0.0050%	1h	91.700	−0.054%	$1.1M	$5.3M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.790	+0.044%	$894K	$441K	10x	as long as short
QFEX CRCL-USDlong	+0.0068%	1h	91.750	long leg	$1.3M	$1.8M	10x
Pacifica CRCL	+0.0100%	1h	91.780	+0.033%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.740	−0.011%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.690	−0.065%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.730	−0.022%	$915	$2K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0104%	1h	91.724	−0.028%	$67.9M	$44.5M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.750	0.000%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0122%	8h	91.779	+0.031%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0136%	8h	91.779	+0.032%	$105.0M	$397.1M	50x	as long as short
Extended CRCL_24_5-USD	+0.0136%	1h	91.754	+0.004%	$1.0M	$5.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0143%	1h	91.750	0.000%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0178%	8h	91.763	+0.014%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0212%	8h	91.798	+0.053%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0221%	8h	91.770	+0.022%	$22.3M	$62.4M	50x	as long as short
Phoenix CRCL	+0.0245%	1h	91.694	−0.061%	$27K	$82K	10x	as long as short
BloFin CRCL-USDT	+0.0255%	8h	91.770	+0.022%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.790	+0.044%	$418K	$266K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.809	+0.064%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0413%	4h	91.757	+0.008%	$52K	$276K	10x	as long as short
Nado CRCL-PERP	+0.0419%	1h	91.701	−0.053%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.210	+0.501%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0514%	1h	91.730	−0.022%	$5K	$769K	10x	as long as short