CRCL

Alert: funding

Alert: spread

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: Injective against Lighter+0.456%96s7-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 Injective

What this pair did over the last

the charts below follow

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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.456% dearer against Lighter than usual: you sell high and buy low: +$46 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Lighter CRCL	94.489	0.0288	pay 0.0036% / 1h	3m 36s	$3.1M	$2.4M	10x
Short	Injective CRCL/USDC PERP	94.920	0.0440	get 0.0055% / 1h	3m 36s	$5K	$20K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.456%Rate

Funding earned: $31.92
Price spread: +0.456% → 0.000%: $45.61
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $77.51
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 4 min ago; Injective: 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, 4 min ago	0.90 bp	3.0 bp −$3	10.0 bp −$100	40.1 bp −$4,007	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	94.460	−0.031%	$431K	$310K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	94.430	−0.062%	$7.2M	$27.8M	50x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	94.417	−0.076%	$50K	$1.2M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	0.0000%	1h	94.420	−0.073%	$4K	$771K	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.430	−0.062%	$1.0M	$50K	10x	as long as short
Variational Omni CRCL	+0.0011%	8h	94.421	−0.072%	$2.5M	$3.2M	—	as long as short
QFEX CRCL-USD	+0.0020%	1h	94.430	−0.062%	$1.4M	$2.7M	10x	as long as short
Bybit CRCLUSDT	+0.0027%	8h	94.440	−0.052%	$15.5M	$25.9M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.471	−0.019%	$881K	$2.9M	10x	as long as short
edgeX CRCLUSDC	+0.0039%	4h	94.414	−0.079%	$24K	$267K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps CRCLUSD	+0.0042%	1h	94.443	−0.049%	$2K	$19K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.390	−0.105%	—	$45K	25x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	94.412	−0.081%	$70.8M	$42.9M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.393	−0.102%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.403	−0.091%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.350	−0.147%	$1.1M	$5.9M	10x	as long as short
Extended CRCL_24_5-USD	+0.0056%	1h	94.415	−0.078%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0059%	8h	94.424	−0.069%	$108.4M	$389.3M	50x	as long as short
Aster CRCLUSDT	+0.0095%	8h	94.442	−0.050%	$1.1M	$4.8M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	94.398	−0.096%	$76K	$100K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.430	−0.062%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.350	−0.147%	$69K	$5K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.410	−0.084%	$941	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.416	−0.077%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0139%	8h	94.441	−0.051%	$774	$740	5x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0144%	1h	94.390	−0.105%	$939K	$743K	10x	as long as short
BloFin CRCL-USDT	+0.0178%	8h	94.400	−0.094%	$1.1M	$588K	20x	as long as short
Nado CRCL-PERP	+0.0194%	1h	94.380	−0.115%	$127K	$73K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0207%	8h	94.430	−0.062%	$22.8M	$60.6M	50x	as long as short
Phoenix CRCL	+0.0228%	1h	94.456	−0.035%	$28K	$92K	10x	as long as short
Lighter CRCLlong	+0.0288%	1h	94.489	long leg	$3.1M	$2.4M	10x
Bitget CRCLUSDT	+0.0319%	8h	94.440	−0.052%	$16.7M	$35.2M	25x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	94.920	+0.456%	$5K	$20K	30x
Arcus CRCL-USD	+0.0560%	1h	94.430	−0.062%	$97K	$274K	10x	as long as short