CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0079%/8h= −8.7% APRnext payment −$0.10 per $10,000 · paid last 24h −0.045%

Price spread now: QFEX against Extended−0.002%7-day average +0.010% · 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−$26as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Extended Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now −0.002%, 7d avg +0.010%

Together, before fees−0.144%+ Points / potential airdropExtended: Active · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended CRCL_24_5-USD	93.322	0.0136	pay 0.0017% / 1h	57m 52s	$1.1M	$5.7M	10x
Short	QFEX CRCL-USD	93.320	0.0057	get 0.0007% / 1h	57m 52s	$1.3M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Extended. 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 ExtendedbpFee QFEXbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$16.6
Price spread: −0.002% → +0.010%: −$1.28
Slippage, 4 orders: −$9.37
Fee Extended: 2.5 bp × 2 orders: −$5
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$42.25
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; QFEX: live order book, 9 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 Extended live order book, 1 min ago	0.80 bp	5.7 bp −$6	43.4 bp −$434	doesn't fit	doesn't fit
Sell QFEX live order book, 9 min ago	1.60 bp	6.6 bp −$7	6.6 bp −$66	13.0 bp −$1,303	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
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	93.400	+0.083%	$934K	$590K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.370	+0.051%	$15.3M	$25.5M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	93.348	+0.027%	$426K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	93.430	+0.115%	$7.2M	$25.5M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.370	+0.051%	$16.6M	$34.4M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	93.600	+0.298%	$62K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.410	+0.094%	$1.0M	$49K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.353	+0.033%	$978K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	93.632	+0.332%	$2K	$22K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	93.550	+0.244%	$96K	$271K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRCL-USD-PERP	+0.0046%	1h	93.230	−0.099%	—	$37K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	93.300	−0.024%	$71.0M	$41.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.354	+0.034%	$362K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.330	+0.008%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.410	+0.094%	$1.0M	$5.6M	10x	as long as short
QFEX CRCL-USDshort	+0.0057%	1h	93.320	−0.002%	$1.3M	$2.5M	10x
Variational Omni CRCL	+0.0059%	8h	93.569	+0.264%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERP	+0.0098%	8h	93.323	+0.001%	$765	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	93.350	+0.030%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.390	+0.073%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	93.750	+0.458%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.330	+0.008%	$931	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.334	+0.013%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0118%	8h	93.340	+0.019%	$22.6M	$58.6M	50x	as long as short
Extended CRCL_24_5-USDlong	+0.0136%	1h	93.322	long leg	$1.1M	$5.7M	10x
Aster CRCLUSDT	+0.0137%	8h	93.327	+0.005%	$1.1M	$4.9M	20x	as long as short
Binance CRCLUSDT	+0.0137%	8h	93.335	+0.014%	$107.7M	$386.1M	50x	as long as short
BloFin CRCL-USDT	+0.0257%	8h	93.160	−0.174%	$1.1M	$1.0M	20x	as long as short
Nado CRCL-PERP	+0.0265%	1h	93.322	0.000%	$154K	$89K	3x	as long as short
Phoenix CRCL	+0.0296%	1h	93.653	+0.354%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0296%	1h	93.412	+0.096%	$3.0M	$2.3M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0393%	1h	93.350	+0.030%	$4K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.910	+0.630%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0940%	4h	93.809	+0.522%	$24K	$268K	10x	as long as short