CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0294%/8h= −32.1% APRnext payment −$0.37 per $10,000 · paid last 24h −0.062%

Price spread now: Ondo Perps against Lighter−0.016%7-day average −0.210% · you buy dearer than you sell

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

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.670%−$67 on $10k

Price spread, last 7 days−0.378%−$38 · spread now −0.016%, 7d avg −0.210%

Together, before fees−1.048%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board−$105 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.194% dearer against Lighter than usual: you sell high and buy low (spread −0.016% now, against its 7-day average of −0.210%): +$19 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRCL	94.645	0.0344	pay 0.0043% / 1h	18m 05s	$3.1M	$2.2M	10x
Short	Ondo Perps CRCL-USD.P	94.630	0.0050	get 0.0006% / 1h	18m 05s	$1.1M	$5.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$61.66
Price spread: −0.016% → −0.210%: $19.44
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$47.21
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter: live order book, 4 min ago; Ondo Perps: 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	1.00 bp	2.3 bp −$2	10.5 bp −$105	42.6 bp −$4,264	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Gate CRCL_USDT	0.0000%	8h	94.670	+0.026%	$7.2M	$27.7M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.660	+0.016%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.760	+0.122%	$1.4M	$2.8M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	94.648	+0.003%	$896K	$2.9M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.143%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.680	+0.037%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	94.782	+0.145%	$367K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.600	−0.048%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Pshort	+0.0050%	1h	94.630	−0.016%	$1.1M	$5.9M	10x
Aftermath Perps CRCLUSD	+0.0053%	1h	94.779	+0.141%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.760	+0.122%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.740	+0.100%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.620	−0.026%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.630	−0.016%	$943	$3K	10x	as long as short
Bybit CRCLUSDT	+0.0103%	8h	94.660	+0.016%	$15.5M	$25.9M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.705	+0.064%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0120%	8h	94.789	+0.152%	$777	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0169%	1h	94.558	−0.092%	$71.8M	$43.4M	10x	as long as short
Variational Omni CRCL	+0.0184%	8h	94.712	+0.071%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0197%	8h	94.650	+0.005%	$22.9M	$60.8M	50x	as long as short
GRVT CRCL_USDT_Perp	+0.0233%	8h	94.746	+0.107%	$61K	$1.1M	10x	as long as short
Binance CRCLUSDT	+0.0247%	8h	94.650	+0.005%	$109.7M	$390.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0248%	1h	94.632	−0.014%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0251%	8h	94.660	+0.016%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0273%	1h	94.723	+0.082%	$127K	$73K	3x	as long as short
Phoenix CRCL	+0.0288%	1h	94.779	+0.142%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0305%	8h	94.630	−0.016%	$16.9M	$35.4M	25x	as long as short
Lighter CRCLlong	+0.0344%	1h	94.645	long leg	$3.1M	$2.2M	10x
BloFin CRCL-USDT	+0.0365%	8h	94.810	+0.174%	$1.1M	$601K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.967%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0490%	1h	94.620	−0.026%	$4K	$772K	10x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.770	+0.132%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.800	+0.163%	$432K	$303K	10x	as long as short
edgeX CRCLUSDC	+0.0768%	4h	94.705	+0.063%	$24K	$268K	10x	as long as short