CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.04 per $10,000 · paid last 24h −0.014%

Price spread now: QFEX against SoDEX+0.031%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on QFEX

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

The price spread pays, funding is against you. QFEX is 0.031% dearer against SoDEX than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CRCL-USD	94.791	0.0050	pay 0.0006% / 1h	44m 42s	$48K	$3K	10x
Short	QFEX CRCL-USD	94.820	0.0022	get 0.0003% / 1h	44m 42s	$1.4M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SoDEX. 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 SoDEXbpFee QFEXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$5.93
Price spread: +0.031% → 0.000%: $3.06
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$20.87
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; QFEX: live order book, 3 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	2.64 bp	7.6 bp −$8	8.5 bp −$85	14.1 bp −$1,410	doesn't fit

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
Gate CRCL_USDT	0.0000%	8h	94.840	+0.052%	$7.3M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.760	−0.033%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USDshort	+0.0022%	1h	94.820	+0.031%	$1.4M	$2.7M	10x
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.690	−0.107%	$942K	$724K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.650	−0.149%	—	$45K	25x	as long as short
SoDEX CRCL-USDlong	+0.0050%	1h	94.791	long leg	$48K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.730	−0.064%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0052%	1h	94.621	−0.180%	$2K	$21K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0081%	1h	94.796	+0.005%	$367K	$1.1M	10x	as long as short
Lighter RH CRCL	+0.0088%	1h	94.883	+0.097%	$894K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.772	−0.020%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.730	−0.064%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.510	−0.296%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.810	+0.020%	$945	$3K	10x	as long as short
Bybit CRCLUSDT	+0.0103%	8h	94.870	+0.083%	$15.6M	$25.9M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.874	+0.087%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0122%	8h	94.663	−0.135%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERP	+0.0135%	8h	94.874	+0.088%	$778	$740	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0152%	8h	94.531	−0.274%	$63K	$1.1M	10x	as long as short
Extended CRCL_24_5-USD	+0.0176%	1h	94.823	+0.034%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0183%	8h	94.860	+0.073%	$109.2M	$389.5M	50x	as long as short
Aster CRCLUSDT	+0.0193%	8h	94.800	+0.009%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0203%	8h	94.870	+0.083%	$22.9M	$60.8M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0284%	1h	94.828	+0.039%	$71.2M	$42.8M	10x	as long as short
Phoenix CRCL	+0.0288%	1h	94.557	−0.247%	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0296%	8h	94.830	+0.041%	$1.1M	$595K	20x	as long as short
Nado CRCL-PERP	+0.0313%	1h	94.741	−0.052%	$127K	$73K	3x	as long as short
Bitget CRCLUSDT	+0.0314%	8h	94.860	+0.073%	$17.0M	$35.4M	25x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.260	+0.495%	$5K	$19K	30x	as long as short
Lighter CRCL	+0.0456%	1h	94.882	+0.096%	$3.1M	$2.2M	10x	as long as short
edgeX CRCLUSDC	+0.0525%	4h	94.516	−0.290%	$24K	$268K	10x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.830	+0.041%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.842	+0.053%	$433K	$312K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1016%	1h	94.930	+0.147%	$4K	$772K	10x	as long as short