CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.003%

Price spread now: QFEX against Vest+0.330%7-day average — · you sell dearer than you buy

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

Long on Vest Short on QFEX

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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and QFEX is 0.330% dearer against Vest than usual: you sell high and buy low: +$33 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRCL-USD-PERP	90.990	−0.0085	get 0.0011% / 1h	3m 10s	—	$31K	25x
Short	QFEX CRCL-USD	91.290	0.0071	get 0.0009% / 1h	3m 10s	$1.3M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Vest. 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 VestbpFee QFEXbpOrdersPrice spread, now +0.330%Rate

Funding earned: $32.83
Price spread: +0.330% → 0.000%: $32.97
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee QFEX: 5 bp × 2 orders: −$10
Net: $53.8
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; QFEX: live order book, 4 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	1.64 bp	6.6 bp −$7	8.7 bp −$87	14.7 bp −$1,473	doesn't fit

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
Bitget CRCLUSDT	−0.0340%	8h	91.380	+0.429%	$17.4M	$36.7M	25x	as long as short
Vest CRCL-USD-PERPlong	−0.0085%	1h	90.990	long leg	—	$31K	25x
Gate CRCL_USDT	0.0000%	8h	91.340	+0.385%	$7.8M	$28.0M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.300	+0.341%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.335	+0.379%	$984K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.240	+0.275%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.230	+0.264%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.280	+0.319%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	+0.242%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0065%	8h	91.370	+0.418%	$14.8M	$26.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USDshort	+0.0071%	1h	91.290	+0.330%	$1.3M	$1.7M	10x
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	+0.088%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0092%	1h	91.284	+0.323%	$67.3M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.280	+0.319%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.280	+0.319%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.170	+0.198%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.290	+0.330%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.308	+0.349%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0132%	8h	91.253	+0.289%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0154%	1h	91.280	+0.319%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0162%	8h	91.299	+0.339%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0202%	8h	91.338	+0.382%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	91.288	+0.327%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0217%	8h	91.324	+0.367%	$104.9M	$389.3M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.260	+0.297%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	91.227	+0.260%	$70K	$1.1M	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.314	+0.356%	$2.9M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0292%	8h	91.360	+0.407%	$22.3M	$61.8M	50x	as long as short
BloFin CRCL-USDT	+0.0337%	8h	91.330	+0.374%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.750	+0.835%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0441%	1h	91.222	+0.255%	$134K	$109K	3x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.328	+0.372%	$412K	$260K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.300	+0.341%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0907%	4h	91.195	+0.225%	$52K	$270K	10x	as long as short