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 +0.012%

Price spread now: SoDEX against QFEX+0.044%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.044% dearer against QFEX than usual: you sell high and buy low: +$4 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	QFEX CRCL-USD	91.100	0.0023	pay 0.0003% / 1h	49m 27s	$1.3M	$2.2M	10x
Short	SoDEX CRCL-USD	91.140	0.0050	get 0.0006% / 1h	49m 27s	$46K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.044%Rate

Funding earned: $5.58
Price spread: +0.044% → 0.000%: $4.39
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$8.03
Costs to cover: 0.180%
Break-even: 17.1 days

Slippage unknown: QFEX: live order book, 3 min ago; SoDEX: 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, 3 min ago	1.64 bp	6.6 bp −$7	7.6 bp −$76	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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 33 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	−0.1192%	8h	91.180	+0.088%	$15.6M	$34.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0076%	1h	90.870	−0.252%	—	$35K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.160	+0.066%	$900K	$539K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.100	0.000%	$14.9M	$25.7M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.110	+0.011%	$416K	$297K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.140	+0.044%	$7.0M	$26.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.307	+0.227%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.340	+0.263%	$66K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.170	+0.077%	$1.0M	$49K	10x	as long as short
Binance CRCLUSDT	+0.0014%	8h	91.077	−0.026%	$103.5M	$383.6M	50x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended CRCL_24_5-USD	+0.0016%	1h	91.093	−0.008%	$1.1M	$5.7M	10x	as long as short
Aster CRCLUSDT	+0.0021%	8h	91.107	+0.007%	$1.1M	$4.9M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0022%	1h	91.379	+0.306%	$2K	$23K	5x	as long as short
QFEX CRCL-USDlong	+0.0023%	1h	91.100	long leg	$1.3M	$2.2M	10x
OKX CRCL-USDT-SWAP	+0.0027%	8h	91.080	−0.022%	$21.4M	$58.8M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.156	+0.061%	$969K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.320	+0.241%	$93K	$271K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.042	−0.064%	$68.2M	$41.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.086	−0.015%	$353K	$1.1M	10x	as long as short
SoDEX CRCL-USDshort	+0.0050%	1h	91.140	+0.044%	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.160	+0.066%	$973K	$5.1M	10x	as long as short
edgeX CRCLUSDC	+0.0055%	4h	91.376	+0.303%	$23K	$267K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0070%	8h	91.133	+0.036%	$747	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.118	+0.020%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.190	+0.099%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.500	+0.439%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.070	−0.033%	$908	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.133	+0.037%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.079	−0.023%	$27K	$84K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0189%	1h	91.180	+0.088%	$4K	$767K	10x	as long as short
Nado CRCL-PERP	+0.0202%	1h	91.154	+0.059%	$130K	$103K	3x	as long as short
Lighter CRCL	+0.0280%	1h	91.170	+0.077%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.900	+0.878%	$5K	$19K	30x	as long as short