CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.039%

Price spread now: Lighter RH against Extended+0.055%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$170.173% of the position

Long on Extended Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.055%, 7d avg +0.044%

Together, before fees−0.315%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$7 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	92.670	0.0264	pay 0.0033% / 1h	5m 35s	$1.1M	$4.0M	10x
Short	Lighter RH CRCL	92.721	0.0032	get 0.0004% / 1h	5m 35s	$1.0M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$48.72
Price spread: +0.055% → +0.044%: $1.05
Slippage, 4 orders: −$12.32
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$64.99
Costs to cover: 0.173%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Lighter RH: live order book, 5 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	0.49 bp	5.1 bp −$5	27.3 bp −$273	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	3.46 bp	3.5 bp −$4	5.4 bp −$54	doesn't fit	doesn't fit

CRCL on 34 exchanges

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	−0.0048%	1h	92.500	−0.184%	$865K	$744K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.750	+0.086%	$15.0M	$25.0M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.750	+0.086%	$18.5M	$33.3M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.720	+0.054%	$1.0M	$46K	10x	as long as short
Vest CRCL-USD-PERP	+0.0017%	1h	92.550	−0.130%	—	$30K	25x	as long as short
Lighter RH CRCLshort	+0.0032%	1h	92.721	+0.055%	$1.0M	$2.5M	10x
Aftermath Perps CRCLUSD	+0.0041%	1h	92.675	+0.005%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.635	−0.038%	$67.6M	$39.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.786	+0.125%	$319K	$982K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.736	+0.071%	$46K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.530	−0.151%	$1.0M	$3.7M	10x	as long as short
QFEX CRCL-USD	+0.0055%	1h	92.660	−0.011%	$1.3M	$1.6M	10x	as long as short
Gate CRCL_USDT	+0.0060%	8h	92.770	+0.108%	$7.5M	$25.7M	50x	as long as short
Injective CRCL/USDC PERP	+0.0072%	1h	92.090	−0.626%	$38K	$172K	30x	as long as short
Paradex CRCL-USD-PERP	+0.0075%	8h	92.689	+0.020%	$426	$477	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.680	+0.010%	$139K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.680	+0.010%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.610	−0.065%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.730	+0.064%	$925	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.757	+0.094%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0194%	8h	92.750	+0.086%	$2.5M	$3.2M	—	as long as short
Phoenix CRCL	+0.0197%	1h	92.624	−0.050%	$27K	$66K	10x	as long as short
Arcus CRCL-USD	+0.0214%	1h	92.640	−0.033%	$93K	$199K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0226%	8h	92.720	+0.054%	$22.7M	$56.6M	50x	as long as short
Binance CRCLUSDT	+0.0260%	8h	92.710	+0.043%	$106.7M	$348.3M	50x	as long as short
Extended CRCL_24_5-USDlong	+0.0264%	1h	92.670	long leg	$1.1M	$4.0M	10x
Aster CRCLUSDT	+0.0273%	8h	92.745	+0.080%	$1.1M	$4.5M	20x	as long as short
Nado CRCL-PERP	+0.0281%	1h	92.720	+0.053%	$154K	$94K	3x	as long as short
Lighter CRCL	+0.0288%	1h	92.752	+0.088%	$3.0M	$2.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0289%	1h	92.750	+0.086%	$5K	$415K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0312%	8h	92.645	−0.028%	$59K	$987K	10x	as long as short
BloFin CRCL-USDT	+0.0382%	8h	92.750	+0.086%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0528%	1h	92.710	+0.043%	$416K	$225K	10x	as long as short
edgeX CRCLUSDC	+0.0760%	4h	92.591	−0.086%	$53K	$268K	10x	as long as short