CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h +0.045%

Price spread now: Extended against QFEX−0.023%7-day average −0.010% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on QFEX Short on Extended

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.023%, 7d avg −0.010%

Together, before fees+0.169%+ Points / potential airdropExtended: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRCL-USD	94.440	0.0042	pay 0.0005% / 1h	23m 57s	$1.4M	$2.6M	10x
Short	Extended CRCL_24_5-USD	94.418	0.0184	get 0.0023% / 1h	23m 57s	$1.1M	$5.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.023%Rate

Funding earned: $29.72
Price spread: −0.023% → −0.010%: −$1.27
Slippage, 4 orders: −$10.85
Fee QFEX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $2.6
Costs to cover: 0.259%
Break-even: 6.4 days

Slippage from QFEX: live order book, 3 min ago; Extended: live order book, 5 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 QFEX live order book, 3 min ago	2.65 bp	7.6 bp −$8	9.6 bp −$96	17.5 bp −$1,750	doesn't fit
Sell Extended live order book, 5 min ago	0.58 bp	5.4 bp −$5	22.1 bp −$221	doesn't fit	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
Coinbase International CRCL-PERP-INTX	−0.0064%	1h	94.210	−0.244%	$942K	$622K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	94.440	0.000%	$15.5M	$25.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.460	+0.021%	$7.3M	$27.0M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.500	+0.064%	$67K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.450	+0.011%	$1.0M	$49K	10x	as long as short
Bitget CRCLUSDT	+0.0031%	8h	94.440	0.000%	$17.0M	$34.6M	25x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.453	+0.014%	$889K	$2.8M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	94.378	−0.066%	$2K	$22K	5x	as long as short
QFEX CRCL-USDlong	+0.0042%	1h	94.440	long leg	$1.4M	$2.6M	10x
Vest CRCL-USD-PERP	+0.0046%	1h	94.380	−0.064%	—	$37K	25x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0050%	1h	94.396	−0.047%	$71.8M	$42.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.453	+0.014%	$366K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.417	−0.024%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.390	−0.053%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	94.404	−0.038%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.470	+0.032%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.410	−0.032%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.450	+0.011%	$942	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.449	+0.010%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0105%	8h	94.514	+0.078%	$775	$740	5x	as long as short
Variational Omni CRCL	+0.0117%	8h	94.489	+0.052%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0149%	8h	94.430	−0.011%	$22.8M	$59.4M	50x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0174%	1h	94.420	−0.021%	$4K	$769K	10x	as long as short
Extended CRCL_24_5-USDshort	+0.0184%	1h	94.418	−0.023%	$1.1M	$5.9M	10x
Binance CRCLUSDT	+0.0188%	8h	94.439	−0.001%	$109.4M	$385.9M	50x	as long as short
Aster CRCLUSDT	+0.0194%	8h	94.441	+0.001%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0231%	1h	94.471	+0.033%	$132K	$76K	3x	as long as short
Lighter CRCL	+0.0288%	1h	94.449	+0.010%	$3.1M	$2.2M	10x	as long as short
Phoenix CRCL	+0.0296%	1h	94.424	−0.017%	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0308%	8h	94.500	+0.064%	$1.1M	$561K	20x	as long as short
edgeX CRCLUSDC	+0.0385%	4h	94.442	+0.002%	$24K	$267K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	94.890	+0.476%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	94.440	0.000%	$97K	$271K	10x	as long as short
RISEx CRCL/USDC	+0.0677%	1h	94.474	+0.036%	$431K	$299K	10x	as long as short