CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.050%

Price spread now: Aevo against Lighter+0.050%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aevo

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 pays, funding is against you. Aevo is 0.050% dearer against Lighter than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRCL	91.284	0.0248	pay 0.0031% / 1h	18m 48s	$2.9M	$2.4M	10x
Short	Aevo CRCL-PERP	91.330	0.0104	get 0.0013% / 1h	18m 48s	$4	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now +0.050%Rate

Funding earned: −$30.24
Price spread: +0.050% → 0.000%: $5.01
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$41.23
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 min ago; Aevo: no order-book sample. 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 Lighter live order book, 3 min ago	2.30 bp	2.3 bp −$2	12.1 bp −$121	40.2 bp −$4,022	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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
Bitget CRCLUSDT	−0.0360%	8h	91.360	+0.083%	$17.5M	$36.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0078%	1h	90.950	−0.366%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.310	+0.028%	$7.9M	$27.7M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.320	+0.039%	$1.0M	$48K	10x	as long as short
edgeX CRCLUSDC	+0.0006%	4h	91.021	−0.288%	$52K	$270K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.282	−0.002%	$983K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.186	−0.107%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.120	−0.180%	$94K	$296K	10x	as long as short
Bybit CRCLUSDT	+0.0046%	8h	91.300	+0.018%	$14.8M	$26.5M	50x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.260	−0.026%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.200	−0.092%	$1.1M	$4.8M	10x	as long as short
QFEX CRCL-USD	+0.0071%	1h	91.230	−0.059%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.050	−0.256%	$876K	$495K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0097%	1h	91.195	−0.097%	$67.3M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.250	−0.037%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.210	−0.081%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.040	−0.267%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.290	+0.007%	$910	$1K	10x	as long as short
Aevo CRCL-PERPshort	+0.0104%	1h	91.330	+0.050%	$4	—	10x
Variational Omni CRCL	+0.0112%	8h	91.119	−0.181%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0153%	1h	91.260	−0.026%	$378K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0155%	8h	91.279	−0.006%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0181%	8h	91.309	+0.028%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0192%	1h	91.267	−0.019%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0199%	8h	91.280	−0.004%	$104.8M	$389.6M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.188	−0.105%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0244%	8h	91.144	−0.153%	$70K	$1.1M	10x	as long as short
Lighter CRCLlong	+0.0248%	1h	91.284	long leg	$2.9M	$2.4M	10x
OKX CRCL-USDT-SWAP	+0.0274%	8h	91.310	+0.028%	$22.3M	$61.7M	50x	as long as short
BloFin CRCL-USDT	+0.0315%	8h	91.330	+0.050%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0429%	1h	91.134	−0.164%	$133K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.570	+0.313%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.253	−0.034%	$412K	$272K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0846%	1h	91.320	+0.039%	$5K	$769K	10x	as long as short