CRCL

Alert

Funding spread now, next payment 17:00 UTC+0.0391%/8h

next payment, per $10,000+$0.49paid, last 24h+0.124%paid, last 3 days+0.850%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRCL-USD	94.700	0.0049	pay 0.0006% / 1h	36m 20s	$1.4M	$2.6M	10x
Short	Injective CRCL/USDC PERP	95.100	0.0440	get 0.0055% / 1h	36m 20s	$5K	$76K	30x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee QFEXbpFee InjectivebpOrdersRate

Funding earned: $82.02
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $72
Break-even: 0.9 days

Slippage unknown: QFEX: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.422%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	1.58 bp	6.6 bp −$7	8.1 bp −$81	12.2 bp −$1,218	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate CRCL_USDT	0.0000%	8h	$7.1M	$25.3M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$45K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	$795K	$2.7M	10x	as long as short
Vest CRCL-USD-PERP	+0.0040%	1h	—	$45K	25x	as long as short
QFEX CRCL-USDlong	+0.0049%	1h	$1.4M	$2.6M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	$1.1M	$5.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	$942K	$797K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0088%	8h	$720	$428	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
tradeXYZ xyz:CRCL	+0.0088%	1h	$71.4M	$40.1M	10x	as long as short
Variational Omni CRCL	+0.0094%	8h	$2.2M	$2.9M	—	as long as short
Pacifica CRCL	+0.0100%	1h	$76K	$98K	10x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	$70K	$7K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	$945	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0123%	8h	$15.5M	$23.3M	50x	as long as short
RISEx CRCL/USDC	+0.0124%	1h	$405K	$336K	10x	as long as short
Aster CRCLUSDT	+0.0160%	8h	$1.1M	$4.6M	20x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	$1.0M	$3.1M	10x	as long as short
Binance CRCLUSDT	+0.0169%	8h	$107.5M	$352.3M	50x	as long as short
Phoenix CRCL	+0.0204%	1h	$28K	$92K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0207%	8h	$22.8M	$55.8M	50x	as long as short
KuCoin CRCLUSDTM	+0.0240%	8h	$2.9M	$1.4M	20x	as long as short
Bitget CRCLUSDT	+0.0272%	8h	$16.7M	$33.0M	25x	as long as short
Lighter CRCL	+0.0280%	1h	$2.9M	$2.0M	10x	as long as short
BloFin CRCL-USDT	+0.0290%	8h	$1.1M	$585K	20x	as long as short
Nado CRCL-PERP	+0.0307%	1h	$132K	$78K	3x	as long as short
Aftermath Perps CRCLUSD	+0.0312%	1h	$2K	$13K	5x	as long as short
Arcus CRCL-USD	+0.0427%	1h	$106K	$250K	10x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	$5K	$76K	30x
Deribit CRCL_USDC-PERPETUAL	+0.0594%	1h	$4K	$802K	10x	as long as short
edgeX CRCLUSDC	+0.0686%	4h	$24K	$265K	10x	as long as short