Funding you earn now, next payment 22:00 UTC−0.0152%/8h= −16.6% APRnext payment −$0.19 per $10,000 · paid last 24h −0.044%
Price spread now: Lighter against Injective−0.454%96s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.454% cheaper against Injective than usual: you would sell low and buy high (−$45 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 96 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 | Injective CRCL/USDC PERP | 94.920 | 0.0440 | pay 0.0055% / 1h | 3m 38s | $5K | $20K | 30x |
| Short | Lighter CRCL | 94.489 | 0.0288 | get 0.0036% / 1h | 3m 38s | $3.1M | $2.4M | 10x |
Injective CRCL/USDC PERP
Lighter CRCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.92
- Price spread: −0.454% → 0.000%
- −$45.41
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$77.35
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 4 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 Injective no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 0.90 bp | 0.9 bp −$1 | 3.5 bp −$35 | 35.1 bp −$3,512 | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| RISEx CRCL/USDC | 0.0000% | 1h | 94.425 | −0.521% | $431K | $310K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 94.420 | −0.527% | $7.2M | $27.8M | 50x | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 94.411 | −0.537% | $50K | $1.2M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | 0.0000% | 1h | 94.420 | −0.527% | $4K | $771K | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 94.430 | −0.516% | $1.0M | $50K | 10x | as long as short |
| Variational Omni CRCL | +0.0011% | 8h | 94.421 | −0.526% | $2.5M | $3.2M | — | as long as short |
| QFEX CRCL-USD | +0.0020% | 1h | 94.410 | −0.537% | $1.4M | $2.7M | 10x | as long as short |
| Bybit CRCLUSDT | +0.0027% | 8h | 94.450 | −0.495% | $15.5M | $25.9M | 50x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 94.471 | −0.473% | $881K | $2.9M | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0042% | 1h | 94.443 | −0.503% | $2K | $19K | 5x | as long as short |
RISEx CRCL/USDC
Gate CRCL_USDT
GRVT CRCL_USDT_Perp
Deribit CRCL_USDC-PERPETUAL
Phemex CRCLUSDT
Variational Omni CRCL
QFEX CRCL-USD
Bybit CRCLUSDT
Lighter RH CRCL
Aftermath Perps CRCLUSDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest CRCL-USD-PERP | +0.0046% | 1h | 94.360 | −0.590% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 94.412 | −0.535% | $70.8M | $42.9M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 94.399 | −0.549% | $357K | $1.1M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 94.403 | −0.545% | $47K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 94.350 | −0.601% | $1.1M | $5.9M | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.0056% | 1h | 94.400 | −0.548% | $1.1M | $3.8M | 10x | as long as short |
| Binance CRCLUSDT | +0.0059% | 8h | 94.427 | −0.519% | $108.4M | $389.3M | 50x | as long as short |
| Aster CRCLUSDT | +0.0095% | 8h | 94.431 | −0.515% | $1.1M | $4.8M | 20x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 94.398 | −0.550% | $76K | $100K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 94.430 | −0.516% | $3.0M | $1.8M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 94.360 | −0.590% | $69K | $5K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 94.410 | −0.537% | $941 | $3K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 94.416 | −0.531% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0139% | 8h | 94.441 | −0.505% | $774 | $740 | 5x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0144% | 1h | 94.390 | −0.558% | $939K | $743K | 10x | as long as short |
| BloFin CRCL-USDT | +0.0178% | 8h | 94.400 | −0.548% | $1.1M | $588K | 20x | as long as short |
| Nado CRCL-PERP | +0.0196% | 1h | 94.425 | −0.522% | $127K | $73K | 3x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0207% | 8h | 94.430 | −0.516% | $22.8M | $60.6M | 50x | as long as short |
| Phoenix CRCL | +0.0228% | 1h | 94.456 | −0.489% | $28K | $92K | 10x | as long as short |
| Lighter CRCLshort | +0.0288% | 1h | 94.489 | −0.454% | $3.1M | $2.4M | 10x | |
| Bitget CRCLUSDT | +0.0319% | 8h | 94.450 | −0.495% | $16.7M | $35.2M | 25x | as long as short |
| Injective CRCL/USDC PERPlong | +0.0440% | 1h | 94.920 | long leg | $5K | $20K | 30x | |
| Arcus CRCL-USD | +0.0560% | 1h | 94.430 | −0.516% | $97K | $274K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0614% | 4h | 94.419 | −0.528% | $24K | $267K | 10x | as long as short |
Vest CRCL-USD-PERP
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
Extended CRCL_24_5-USD
Binance CRCLUSDT
Aster CRCLUSDT
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Coinbase International CRCL-PERP-INTX
BloFin CRCL-USDT
Nado CRCL-PERP
OKX CRCL-USDT-SWAP
Phoenix CRCL
Bitget CRCLUSDT
Arcus CRCL-USD
edgeX CRCLUSDC