CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h −0.036%

Price spread now: QFEX against Extended+0.060%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Extended Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.032%−$3 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.060%, 7d avg −0.003%

Together, before fees−0.032%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.063% dearer against Extended than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	91.765	0.0016	pay 0.0002% / 1h	41m 56s	$1.2M	$5.7M	10x
Short	QFEX CRCL-USD	91.820	0.0060	get 0.0008% / 1h	41m 56s	$1.3M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Extended. 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 ExtendedbpFee QFEXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $9.29
Price spread: +0.060% → −0.003%: $6.27
Slippage, 4 orders: −$16.82
Fee Extended: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$16.26
Costs to cover: 0.318%
Break-even: 19.3 days

Slippage from Extended: live order book, 2 min ago; QFEX: live order book, 10 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 Extended live order book, 2 min ago	3.75 bp	8.5 bp −$8	117.6 bp −$1,176	doesn't fit	doesn't fit
Sell QFEX live order book, 10 min ago	2.17 bp	7.2 bp −$7	8.3 bp −$83	16.9 bp −$1,688	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	−0.0697%	8h	91.850	+0.092%	$16.7M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.600	−0.180%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.830	+0.071%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.790	+0.027%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.979	+0.233%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.810	+0.049%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0009%	8h	91.798	+0.036%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0014%	8h	91.791	+0.028%	$104.6M	$391.2M	50x	as long as short
Extended CRCL_24_5-USDlong	+0.0016%	1h	91.765	long leg	$1.2M	$5.7M	10x
Aftermath Perps CRCLUSD	+0.0039%	1h	91.896	+0.142%	$2K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.920	+0.169%	$93K	$272K	10x	as long as short
Lighter RH CRCL	+0.0048%	1h	91.818	+0.057%	$973K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	+0.136%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.730	−0.038%	$68.1M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.778	+0.014%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.790	+0.027%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.900	+0.147%	$1.0M	$5.2M	10x	as long as short
BloFin CRCL-USDT	+0.0059%	8h	92.050	+0.310%	$1.1M	$1.6M	20x	as long as short
QFEX CRCL-USDshort	+0.0060%	1h	91.820	+0.060%	$1.3M	$1.9M	10x
GRVT CRCL_USDT_Perp	+0.0072%	8h	91.949	+0.200%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0074%	8h	91.830	+0.071%	$22.3M	$61.5M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.807	+0.046%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.790	+0.027%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.900	+0.147%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.760	−0.006%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.785	+0.022%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.810	+0.049%	$417K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0128%	8h	91.816	+0.055%	$422	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.939	+0.189%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0280%	1h	91.810	+0.049%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0295%	1h	91.790	+0.027%	$4K	$768K	10x	as long as short
Nado CRCL-PERP	+0.0370%	1h	91.735	−0.033%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.648%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0529%	4h	92.039	+0.298%	$51K	$277K	10x	as long as short