CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0408%/8h= −44.7% APRnext payment −$0.51 per $10,000 · paid last 24h −0.122%

Price spread now: Lighter RH against Injective−0.652%97s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.749%−$75 on $10k

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

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

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Lighter RH is 0.652% cheaper against Injective than usual: you would sell low and buy high (−$65 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 97 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	92.480	0.0440	pay 0.0055% / 1h	21m 37s	$5K	$19K	30x
Short	Lighter RH CRCL	91.877	0.0032	get 0.0004% / 1h	21m 37s	$974K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Injective. 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 InjectivebpFee Lighter RHbpOrdersPrice spread, now −0.652%Rate

Funding earned: −$85.68
Price spread: −0.652% → 0.000%: −$65.2
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$150.9
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Lighter RH: live order book, 2 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 RH live order book, 2 min ago	2.07 bp	6.0 bp −$6	10.5 bp −$105	doesn't fit	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
Bitget CRCLUSDT	−0.0698%	8h	91.970	−0.551%	$16.7M	$35.8M	25x	as long as short
Vest CRCL-USD-PERP	−0.0061%	1h	91.570	−0.984%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.940	−0.584%	$14.9M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.970	−0.551%	$7.3M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.918	−0.608%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.840	−0.692%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0014%	8h	91.893	−0.634%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0022%	8h	91.927	−0.598%	$104.8M	$392.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.923	−0.602%	$1.2M	$5.7M	10x	as long as short
Lighter RH CRCLshort	+0.0032%	1h	91.877	−0.652%	$974K	$2.9M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0039%	1h	91.814	−0.720%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.820	−0.714%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	−0.768%	$911K	$519K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.827	−0.706%	$68.3M	$41.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.789	−0.747%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.802	−0.733%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.720	−0.822%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.770	−0.768%	$1.3M	$1.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0063%	8h	91.922	−0.603%	$423	$905	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0092%	8h	92.010	−0.508%	$22.3M	$61.9M	50x	as long as short
GRVT CRCL_USDT_Perp	+0.0096%	8h	91.880	−0.649%	$70K	$1.1M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.930	−0.595%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.910	−0.616%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.980	−0.541%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.770	−0.768%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.814	−0.720%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.954	−0.569%	$419K	$299K	10x	as long as short
BloFin CRCL-USDT	+0.0110%	8h	91.840	−0.692%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCL	+0.0182%	1h	91.950	−0.573%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.868	−0.662%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0355%	1h	91.745	−0.795%	$134K	$108K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0404%	1h	91.790	−0.746%	$4K	$768K	10x	as long as short
Injective CRCL/USDC PERPlong	+0.0440%	1h	92.480	long leg	$5K	$19K	30x
edgeX CRCLUSDC	+0.0944%	4h	92.023	−0.494%	$51K	$275K	10x	as long as short