CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0165%/8h= −18.0% APRnext payment −$0.21 per $10,000 · paid last 24h −0.004%

Price spread now: RISEx against Lighter−0.039%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$130.128% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.152%+$15 on $10k

Price spread, last 4 days (all we have)−0.215%−$21 · spread now −0.039%, 7d avg −0.053%

Together, before fees−0.063%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.152%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRCL	92.011	0.0272	pay 0.0034% / 1h	17m 12s	$3.0M	$2.4M	10x
Short	RISEx CRCL/USDC	91.975	0.0107	get 0.0013% / 1h	17m 12s	$419K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$34.61
Price spread: −0.039% → −0.053%: $1.37
Slippage, 4 orders: −$6.82
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$46.06
Costs to cover: 0.128%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; RISEx: live order book, 36 min ago.

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	1.58 bp	1.9 bp −$2	8.3 bp −$83	39.0 bp −$3,899	doesn't fit
Sell RISEx live order book, 36 min ago	1.63 bp	4.6 bp −$5	5.2 bp −$52	doesn't fit	doesn't fit

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	−0.0688%	8h	92.010	−0.001%	$16.7M	$35.8M	25x	as long as short
Vest CRCL-USD-PERP	−0.0061%	1h	91.690	−0.349%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.950	−0.066%	$14.9M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.010	−0.001%	$7.3M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.999	−0.013%	$2.5M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.960	−0.055%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0016%	8h	91.993	−0.020%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.963	−0.053%	$1.2M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0025%	8h	91.950	−0.066%	$104.8M	$392.4M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.976	−0.038%	$975K	$2.9M	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	+0.0039%	1h	91.900	−0.121%	$2K	$25K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.870	−0.153%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	−0.262%	$911K	$519K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.893	−0.128%	$68.3M	$42.0M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.928	−0.090%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.934	−0.084%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.840	−0.186%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.940	−0.077%	$1.3M	$1.9M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0069%	8h	91.939	−0.078%	$423	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0087%	8h	92.030	+0.021%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0097%	8h	91.980	−0.034%	$22.3M	$61.9M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.948	−0.069%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.910	−0.110%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.830	−0.197%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.950	−0.066%	$917	$2K	10x	as long as short
BloFin CRCL-USDT	+0.0102%	8h	91.930	−0.088%	$1.1M	$1.6M	20x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.964	−0.051%	$4	—	10x	as long as short
RISEx CRCL/USDCshort	+0.0107%	1h	91.975	−0.039%	$419K	$299K	10x
Phoenix CRCL	+0.0182%	1h	91.770	−0.262%	$27K	$82K	10x	as long as short
edgeX CRCLUSDC	+0.0226%	4h	91.934	−0.083%	$51K	$276K	10x	as long as short
Lighter CRCLlong	+0.0272%	1h	92.011	long leg	$3.0M	$2.4M	10x
Nado CRCL-PERP	+0.0357%	1h	91.925	−0.093%	$134K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.360	+0.379%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0730%	1h	91.950	−0.066%	$4K	$768K	10x	as long as short