CRCL

Alert: funding

Alert: spread

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: Ondo Perps against QFEX−0.185%7-day average −0.104% · you buy dearer than you sell

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

Long on QFEX Short on Ondo Perps

What this pair did over the last

the charts below follow

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−0.034%+ 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: Ondo Perps is 0.081% cheaper against QFEX than usual: you would sell low and buy high, −$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	QFEX CRCL-USD	91.930	0.0057	pay 0.0007% / 1h	37m 35s	$1.3M	$2.4M	10x
Short	Ondo Perps CRCL-USD.P	91.760	0.0050	get 0.0006% / 1h	37m 35s	$1.0M	$5.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$1.38
Price spread: −0.185% → −0.104%: −$8.07
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$24.45
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 5 min ago; Ondo Perps: no order-book sample. 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 QFEX live order book, 5 min ago	1.63 bp	6.6 bp −$7	6.8 bp −$68	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	+0.076%	$16.0M	$35.4M	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.650	−0.305%	$912K	$584K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.980	+0.054%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.947	+0.019%	$420K	$300K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.010	+0.087%	$7.2M	$26.4M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.790	−0.152%	$61K	$1.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	91.780	−0.163%	$4K	$769K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.810	−0.131%	$1.0M	$49K	10x	as long as short
Variational Omni CRCL	+0.0004%	8h	91.891	−0.043%	$2.5M	$3.2M	—	as long as short
Vest CRCL-USD-PERP	+0.0005%	1h	91.710	−0.239%	—	$37K	25x	as long as short

Show 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	+0.098%	$2K	$22K	5x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.984	+0.059%	$978K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.870	−0.065%	$93K	$272K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.878	−0.057%	$69.2M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.919	−0.012%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.760	−0.185%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Pshort	+0.0050%	1h	91.760	−0.185%	$1.0M	$5.5M	10x
QFEX CRCL-USDlong	+0.0057%	1h	91.930	long leg	$1.3M	$2.4M	10x
Binance CRCLUSDT	+0.0078%	8h	91.940	+0.011%	$104.9M	$393.2M	50x	as long as short
Extended CRCL_24_5-USD	+0.0080%	1h	91.918	−0.013%	$1.1M	$5.7M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0081%	8h	91.960	+0.033%	$21.7M	$60.2M	50x	as long as short
Aster CRCLUSDT	+0.0082%	8h	91.918	−0.013%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0084%	8h	91.949	+0.020%	$754	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.960	+0.033%	$129K	$154K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.980	+0.054%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.780	−0.163%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.820	−0.120%	$915	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.792	−0.150%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0181%	1h	91.942	+0.013%	$131K	$103K	3x	as long as short
Lighter CRCL	+0.0192%	1h	91.970	+0.044%	$3.0M	$2.4M	10x	as long as short
BloFin CRCL-USDT	+0.0222%	8h	92.330	+0.435%	$1.1M	$1.1M	20x	as long as short
Phoenix CRCL	+0.0231%	1h	91.923	−0.008%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.270	+0.370%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0565%	4h	91.735	−0.212%	$23K	$267K	10x	as long as short