CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0169%/8h= −18.5% APRnext payment −$0.21 per $10,000 · paid last 24h −0.005%

Price spread now: Vest against QFEX−0.218%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Vest is 0.218% cheaper against QFEX than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX CRCL-USD	91.830	0.0065	pay 0.0008% / 1h	19m 53s	$1.4M	$1.7M	10x
Short	Vest CRCL-USD-PERP	91.630	−0.0104	pay 0.0013% / 1h	19m 53s	—	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.218%Rate

Funding earned: −$35.45
Price spread: −0.218% → 0.000%: −$21.78
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$69.23
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 2 min ago; Vest: 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, 2 min ago	2.17 bp	7.2 bp −$7	9.7 bp −$97	14.4 bp −$1,440	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Vest CRCL-USD-PERPshort	−0.0104%	1h	91.630	−0.218%	—	$31K	25x
Bitget CRCLUSDT	0.0000%	8h	92.020	+0.207%	$17.7M	$36.0M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.990	+0.174%	$1.0M	$47K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.001	+0.186%	$993K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	92.020	+0.207%	$947K	$567K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	91.351	−0.521%	$2K	$29K	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0040%	8h	91.320	−0.555%	$71K	$1.1M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.890	+0.065%	$96K	$278K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.871	+0.045%	$67.5M	$43.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.754	−0.083%	$379K	$999K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.900	+0.076%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USDlong	+0.0065%	1h	91.830	long leg	$1.4M	$1.7M	10x
Pacifica CRCL	+0.0100%	1h	91.927	+0.106%	$135K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.950	+0.131%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.100	−0.795%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.960	+0.142%	$917	$1K	10x	as long as short
Bybit CRCLUSDT	+0.0102%	8h	92.040	+0.229%	$15.1M	$26.7M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.977	+0.160%	$4	—	10x	as long as short
Gate CRCL_USDT	+0.0115%	8h	92.000	+0.185%	$7.8M	$26.7M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0133%	8h	92.018	+0.205%	$423	$766	5x	as long as short
edgeX CRCLUSDC	+0.0154%	4h	91.204	−0.681%	$52K	$270K	10x	as long as short
Variational Omni CRCL	+0.0176%	8h	92.182	+0.383%	$2.4M	$3.3M	—	as long as short
Lighter CRCL	+0.0176%	1h	91.989	+0.173%	$3.0M	$2.1M	10x	as long as short
Aster CRCLUSDT	+0.0233%	8h	92.190	+0.392%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0248%	1h	91.961	+0.143%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0250%	8h	92.090	+0.283%	$106.0M	$386.8M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	91.817	−0.014%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0296%	8h	92.070	+0.261%	$22.4M	$62.0M	50x	as long as short
Nado CRCL-PERP	+0.0357%	1h	91.972	+0.155%	$135K	$109K	3x	as long as short
BloFin CRCL-USDT	+0.0359%	8h	92.300	+0.512%	$1.1M	$1.7M	20x	as long as short
SoDEX CRCL-USD	+0.0402%	1h	91.960	+0.142%	$46K	$3K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.920	+0.098%	$40K	$170K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	91.870	+0.044%	$415K	$256K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0729%	1h	91.990	+0.174%	$5K	$749K	10x	as long as short