CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h −0.013%

Price spread now: QFEX against tradeXYZ−0.010%7-day average +0.016% · 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−$39as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.030%−$3 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.010%, 7d avg +0.016%

Together, before fees+0.036%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.026% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRCL	92.129	0.0050	pay 0.0006% / 1h	0m 59s	$68.7M	$41.4M	10x
Short	QFEX CRCL-USD	92.120	0.0023	get 0.0003% / 1h	0m 59s	$1.3M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against tradeXYZ. 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 tradeXYZbpFee QFEXbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$5.58
Price spread: −0.010% → +0.016%: −$2.55
Slippage, 4 orders: −$8.4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$44.53
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; QFEX: live order book, 6 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 tradeXYZ live order book, 9 min ago	1.19 bp	10.3 bp −$10	11.8 bp −$118	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.72 bp	7.7 bp −$8	8.7 bp −$87	15.4 bp −$1,536	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
Bitget CRCLUSDT	−0.1012%	8h	92.220	+0.099%	$16.2M	$34.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0075%	1h	91.930	−0.216%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	92.080	−0.053%	$908K	$501K	10x	as long as short
Aster CRCLUSDT	0.0000%	8h	92.148	+0.020%	$1.1M	$4.9M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.182	+0.058%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	92.210	+0.088%	$105.1M	$386.0M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.220	+0.099%	$15.2M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.121	−0.009%	$421K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.210	+0.088%	$7.2M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.126	−0.003%	$2.5M	$3.2M	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CRCL_USDT_Perp	0.0000%	8h	92.034	−0.103%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.160	+0.034%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0006%	8h	92.220	+0.099%	$21.6M	$59.9M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	92.039	−0.097%	$2K	$24K	5x	as long as short
QFEX CRCL-USDshort	+0.0023%	1h	92.120	−0.010%	$1.3M	$2.1M	10x
Lighter RH CRCL	+0.0032%	1h	92.200	+0.077%	$978K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.010	−0.129%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0050%	1h	92.129	long leg	$68.7M	$41.4M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	92.112	−0.018%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.117	−0.013%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.020	−0.118%	$1.0M	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0081%	8h	92.104	−0.027%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.116	−0.014%	$133K	$156K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.140	+0.012%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.000	−0.140%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.120	−0.010%	$918	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.150	+0.023%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	92.180	+0.055%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0183%	1h	92.176	+0.051%	$27K	$84K	10x	as long as short
Lighter CRCL	+0.0208%	1h	92.178	+0.053%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0218%	1h	92.053	−0.082%	$131K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0401%	1h	92.170	+0.045%	$4K	$767K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.530	+0.435%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0747%	4h	91.992	−0.149%	$23K	$249K	10x	as long as short