CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0112%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h −0.068%

Price spread now: Lighter RH against Arcus−0.027%55s7-day average +0.082% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.290% of the position

Long on Arcus Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.280%+$28 · spread now −0.027%, 7d avg +0.082%

Together, before fees+0.211%+ Points / potential airdropLighter RH: Points live · farm board+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 0.109% cheaper against Arcus than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.082%). If the spread goes back, that is −$11 on $10k: about 3.3 days of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.069%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus CRCL-USD	91.410	0.0040	pay 0.0005% / 1h	47m 34s	$93K	$289K	10x
Short	Lighter RH CRCL	91.385	0.0152	get 0.0019% / 1h	47m 34s	$976K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Arcus. 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 ArcusbpFee Lighter RHbpOrdersPrice spread, now −0.027%Rate

Funding earned: $23.46
Price spread: −0.027% → +0.082%: −$10.9
Slippage, 4 orders: −$24.45
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$16.38
Costs to cover: 0.290%
Break-even: 11.9 days

Slippage from Arcus: live order book, 61 min ago; Lighter RH: 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 Arcus live order book, 61 min ago	3.82 bp	12.9 bp −$13	14.9 bp −$149	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	3.39 bp	3.4 bp −$3	5.5 bp −$55	doesn't fit	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	−0.0726%	8h	91.420	+0.011%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0084%	1h	91.110	−0.328%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.340	−0.077%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.420	+0.011%	$7.8M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.430	+0.022%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.360	−0.055%	$1.0M	$48K	10x	as long as short
Arcus CRCL-USDlong	+0.0040%	1h	91.410	long leg	$93K	$289K	10x
Aftermath Perps CRCLUSD	+0.0041%	1h	91.343	−0.074%	$2K	$27K	5x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.348	−0.068%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.290	−0.131%	$1.1M	$5.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.470	+0.066%	$891K	$605K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.360	−0.055%	$1.3M	$1.8M	10x	as long as short
Aster CRCLUSDT	+0.0073%	8h	91.388	−0.024%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0086%	8h	91.346	−0.070%	$104.4M	$397.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0088%	1h	91.327	−0.091%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.340	−0.077%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.390	−0.022%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.290	−0.131%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.350	−0.066%	$911	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.363	−0.052%	$4	—	10x	as long as short
Lighter RH CRCLshort	+0.0152%	1h	91.385	−0.027%	$976K	$2.7M	10x
tradeXYZ xyz:CRCL	+0.0159%	1h	91.303	−0.117%	$67.6M	$44.4M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0173%	8h	91.325	−0.093%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0175%	8h	91.444	+0.037%	$65K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0182%	8h	91.360	−0.055%	$22.2M	$62.6M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0185%	1h	91.345	−0.071%	$383K	$1.3M	10x	as long as short
BloFin CRCL-USDT	+0.0205%	8h	91.410	0.000%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.384	−0.028%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.375	−0.038%	$416K	$268K	10x	as long as short
edgeX CRCLUSDC	+0.0321%	4h	91.441	+0.034%	$52K	$278K	10x	as long as short
Lighter CRCL	+0.0328%	1h	91.386	−0.026%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.930	+0.569%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0457%	1h	91.325	−0.093%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0517%	1h	91.370	−0.044%	$5K	$769K	10x	as long as short