Funding you earn now, next payment 02:00 UTC+0.0007%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: QFEX against Ondo Perps+0.185%7-day average +0.104% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.046%−$5 on $10k
+Price spread, last 7 days+0.080%+$8 · spread now +0.185%, 7d avg +0.104%
=Together, before fees+0.033%+ Points / potential airdropOndo Perps: Active · farm board+$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.081% dearer against Ondo Perps than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps CRCL-USD.P | 91.760 | 0.0050 | pay 0.0006% / 1h | 37m 35s | $1.0M | $5.5M | 10x |
| Short | QFEX CRCL-USD | 91.930 | 0.0057 | get 0.0007% / 1h | 37m 35s | $1.3M | $2.4M | 10x |
Ondo Perps CRCL-USD.P
QFEX CRCL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1.38
- Price spread: +0.185% → +0.104%
- $8.11
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$5.52
- Costs to cover
- 0.150%
- Break-even
- 35.0 days
Slippage unknown: Ondo Perps: no order-book sample; QFEX: live order book, 5 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell QFEX live order book, 5 min ago | 1.63 bp | 6.6 bp −$7 | 7.0 bp −$70 | 14.9 bp −$1,494 | doesn't fit |
Ondo Perps: 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 | −0.0319% | 8h | 92.000 | +0.262% | $16.0M | $35.4M | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.0008% | 1h | 91.650 | −0.120% | $912K | $584K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.980 | +0.240% | $15.1M | $25.8M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 91.947 | +0.204% | $420K | $300K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 92.010 | +0.272% | $7.2M | $26.4M | 50x | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 91.790 | +0.033% | $61K | $1.1M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | 0.0000% | 1h | 91.780 | +0.022% | $4K | $769K | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.810 | +0.054% | $1.0M | $49K | 10x | as long as short |
| Variational Omni CRCL | +0.0004% | 8h | 91.891 | +0.142% | $2.5M | $3.2M | — | as long as short |
| Vest CRCL-USD-PERP | +0.0005% | 1h | 91.710 | −0.054% | — | $37K | 25x | as long as short |
Bitget CRCLUSDT
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
RISEx CRCL/USDC
Gate CRCL_USDT
GRVT CRCL_USDT_Perp
Deribit CRCL_USDC-PERPETUAL
Phemex CRCLUSDT
Variational Omni CRCL
Vest CRCL-USD-PERPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CRCLUSD | +0.0027% | 1h | 92.020 | +0.283% | $2K | $22K | 5x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 91.984 | +0.244% | $978K | $2.9M | 10x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.870 | +0.120% | $93K | $272K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.878 | +0.129% | $69.2M | $41.8M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.919 | +0.173% | $356K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.760 | 0.000% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.Plong | +0.0050% | 1h | 91.760 | long leg | $1.0M | $5.5M | 10x | |
| QFEX CRCL-USDshort | +0.0057% | 1h | 91.930 | +0.185% | $1.3M | $2.4M | 10x | |
| Binance CRCLUSDT | +0.0078% | 8h | 91.940 | +0.196% | $104.9M | $393.2M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0080% | 1h | 91.918 | +0.172% | $1.1M | $5.7M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0081% | 8h | 91.960 | +0.218% | $21.7M | $60.2M | 50x | as long as short |
| Aster CRCLUSDT | +0.0082% | 8h | 91.918 | +0.173% | $1.1M | $4.9M | 20x | as long as short |
| Paradex CRCL-USD-PERP | +0.0084% | 8h | 91.949 | +0.206% | $754 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.960 | +0.218% | $129K | $154K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.980 | +0.240% | $2.9M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.780 | +0.022% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.820 | +0.065% | $915 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.792 | +0.035% | $4 | — | 10x | as long as short |
| Nado CRCL-PERP | +0.0181% | 1h | 91.942 | +0.199% | $131K | $103K | 3x | as long as short |
| Lighter CRCL | +0.0192% | 1h | 91.970 | +0.229% | $3.0M | $2.4M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0222% | 8h | 92.330 | +0.621% | $1.1M | $1.1M | 20x | as long as short |
| Phoenix CRCL | +0.0231% | 1h | 91.923 | +0.178% | $27K | $92K | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.270 | +0.556% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0565% | 4h | 91.735 | −0.027% | $23K | $267K | 10x | as long as short |
Aftermath Perps CRCLUSD
Lighter RH CRCL
Arcus CRCL-USD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Binance CRCLUSDT
Extended CRCL_24_5-USD
OKX CRCL-USDT-SWAP
Aster CRCLUSDT
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Nado CRCL-PERP
Lighter CRCL
BloFin CRCL-USDT
Phoenix CRCL
Injective CRCL/USDC PERP
edgeX CRCLUSDC