CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0129%/8h= −14.2% APRnext payment −$0.16 per $10,000 · paid last 24h −0.016%

Price spread now: Phoenix against Lighter+0.018%104s7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.509%−$51 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 104 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	93.177	0.0328	pay 0.0041% / 1h	55m 34s	$3.0M	$2.1M	10x
Short	Phoenix CRCL	93.194	0.0199	get 0.0025% / 1h	55m 34s	$28K	$66K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$27.17
Price spread: +0.018% → 0.000%: $1.82
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$32.34
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 5 min ago; Phoenix: 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, 5 min ago	1.56 bp	1.6 bp −$2	7.2 bp −$72	35.8 bp −$3,579	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 exchanges

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
Coinbase International CRCL-PERP-INTX	−0.0048%	1h	93.090	−0.093%	$871K	$703K	10x	as long as short
Vest CRCL-USD-PERP	−0.0016%	1h	93.050	−0.136%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.130	−0.050%	$15.1M	$25.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.180	+0.003%	$18.4M	$33.4M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.140	−0.040%	$1.0M	$45K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	93.145	−0.034%	$1.0M	$2.5M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	93.017	−0.172%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	93.084	−0.100%	$68.0M	$40.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.137	−0.043%	$383K	$847K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.084	−0.100%	$47K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.050	−0.136%	$1.0M	$3.8M	10x	as long as short
QFEX CRCL-USD	+0.0055%	1h	93.100	−0.083%	$1.3M	$1.6M	10x	as long as short
Injective CRCL/USDC PERP	+0.0072%	1h	92.090	−1.167%	$38K	$172K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0072%	1h	93.080	−0.104%	$5K	$421K	10x	as long as short
Pacifica CRCL	+0.0100%	1h	93.082	−0.102%	$139K	$141K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.100	−0.083%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	93.070	−0.115%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.150	−0.029%	$929	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.160	−0.018%	$4	—	10x	as long as short
Gate CRCL_USDT	+0.0113%	8h	93.180	+0.003%	$7.5M	$25.2M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0125%	8h	93.113	−0.069%	$428	$477	5x	as long as short
Phoenix CRCLshort	+0.0199%	1h	93.194	+0.018%	$28K	$66K	10x
Arcus CRCL-USD	+0.0214%	1h	93.120	−0.061%	$94K	$214K	10x	as long as short
Nado CRCL-PERP	+0.0286%	1h	93.090	−0.093%	$155K	$94K	3x	as long as short
Variational Omni CRCL	+0.0312%	8h	93.131	−0.049%	$2.5M	$3.3M	—	as long as short
Lighter CRCLlong	+0.0328%	1h	93.177	long leg	$3.0M	$2.1M	10x
OKX CRCL-USDT-SWAP	+0.0331%	8h	93.130	−0.050%	$23.0M	$57.0M	50x	as long as short
Aster CRCLUSDT	+0.0386%	8h	93.140	−0.040%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USD	+0.0392%	1h	93.109	−0.073%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0395%	8h	93.130	−0.050%	$107.7M	$352.7M	50x	as long as short
BloFin CRCL-USDT	+0.0516%	8h	93.160	−0.018%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0528%	1h	93.160	−0.018%	$418K	$238K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0826%	8h	93.209	+0.034%	$61K	$1.0M	10x	as long as short
edgeX CRCLUSDC	+0.0973%	4h	93.108	−0.074%	$53K	$268K	10x	as long as short