CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.049%

Price spread now: Lighter against Aevo+0.014%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo CRCL-PERP	90.963	0.0104	pay 0.0013% / 1h	31m 21s	$4	—	10x
Short	Lighter CRCL	90.976	0.0224	get 0.0028% / 1h	31m 21s	$2.9M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.014%Rate

Funding earned: $25.2
Price spread: +0.014% → 0.000%: $1.38
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: $10.58
Costs to cover: 0.160%
Break-even: 4.1 days

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 6 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 Aevo no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	3.95 bp	4.1 bp −$4	10.9 bp −$109	44.3 bp −$4,435	doesn't fit

Aevo: 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-PERP	−0.0099%	1h	90.680	−0.312%	—	$31K	25x	as long as short
Bitget CRCLUSDT	−0.0051%	8h	90.960	−0.004%	$17.3M	$36.2M	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	90.970	+0.007%	$15.0M	$26.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	90.960	−0.004%	$1.0M	$47K	10x	as long as short
Gate CRCL_USDT	+0.0007%	8h	91.010	+0.051%	$7.8M	$26.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	90.966	+0.003%	$979K	$2.4M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	91.000	+0.040%	$938K	$571K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.034	+0.077%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	90.900	−0.070%	$94K	$283K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	90.889	−0.082%	$67.0M	$44.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps CRCL-USD	+0.0050%	1h	90.903	−0.066%	$376K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	90.910	−0.059%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	90.990	+0.029%	$1.1M	$4.7M	10x	as long as short
QFEX CRCL-USD	+0.0065%	1h	90.970	+0.007%	$1.3M	$1.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	90.940	−0.026%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	90.960	−0.004%	$2.6M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	90.980	+0.018%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	90.980	+0.018%	$907	$1K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0104%	8h	91.175	+0.233%	$71K	$1.1M	10x	as long as short
Aevo CRCL-PERPlong	+0.0104%	1h	90.963	long leg	$4	—	10x
Paradex CRCL-USD-PERP	+0.0128%	8h	90.935	−0.032%	$418	$766	5x	as long as short
Variational Omni CRCL	+0.0152%	8h	91.180	+0.238%	$2.4M	$3.3M	—	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0190%	1h	90.930	−0.037%	$5K	$764K	10x	as long as short
Aster CRCLUSDT	+0.0211%	8h	91.020	+0.062%	$1.0M	$5.0M	20x	as long as short
edgeX CRCLUSDC	+0.0217%	4h	91.065	+0.111%	$52K	$270K	10x	as long as short
Lighter CRCLshort	+0.0224%	1h	90.976	+0.014%	$2.9M	$2.1M	10x
Extended CRCL_24_5-USD	+0.0224%	1h	90.933	−0.034%	$1.1M	$5.1M	10x	as long as short
Binance CRCLUSDT	+0.0226%	8h	90.956	−0.008%	$104.6M	$386.6M	50x	as long as short
Phoenix CRCL	+0.0254%	1h	91.098	+0.148%	$27K	$66K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0288%	8h	90.920	−0.048%	$22.2M	$61.3M	50x	as long as short
BloFin CRCL-USDT	+0.0350%	8h	91.020	+0.062%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0372%	1h	90.919	−0.049%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.170	+1.326%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0501%	1h	90.955	−0.010%	$411K	$258K	10x	as long as short