CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0351%/8h= −38.4% APRnext payment −$0.44 per $10,000 · paid last 24h −0.070%

Price spread now: Vest against Lighter−0.417%46s7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 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 · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Vest is 0.417% cheaper against Lighter than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	91.692	0.0264	pay 0.0033% / 1h	23m 46s	$3.0M	$2.4M	10x
Short	Vest CRCL-USD-PERP	91.310	−0.0087	pay 0.0011% / 1h	23m 46s	—	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.417%Rate

Funding earned: −$73.74
Price spread: −0.417% → 0.000%: −$41.66
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$117.4
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 min ago; Vest: 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	2.24 bp	2.4 bp −$2	13.1 bp −$131	41.9 bp −$4,190	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0661%	8h	91.770	+0.085%	$17.5M	$37.0M	25x	as long as short
Vest CRCL-USD-PERPshort	−0.0087%	1h	91.310	−0.417%	—	$31K	25x
Bybit CRCLUSDT	0.0000%	8h	91.690	−0.002%	$14.7M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.740	+0.052%	$7.8M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.580	−0.122%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0003%	8h	91.579	−0.123%	$2.4M	$3.2M	—	as long as short
Lighter RH CRCL	+0.0032%	1h	91.695	+0.003%	$979K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.440	−0.275%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.510	−0.198%	$95K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.644	−0.052%	$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	91.490	−0.220%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.560	−0.144%	$891K	$615K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.590	−0.111%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0077%	1h	91.629	−0.069%	$67.8M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0094%	8h	91.675	−0.019%	$1.0M	$5.1M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	91.660	−0.035%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.590	−0.111%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.430	−0.286%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.610	−0.089%	$913	$2K	10x	as long as short
Extended CRCL_24_5-USD	+0.0104%	1h	91.648	−0.048%	$1.0M	$5.0M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.637	−0.060%	$4	—	10x	as long as short
Binance CRCLUSDT	+0.0108%	8h	91.680	−0.013%	$104.7M	$397.6M	50x	as long as short
Polymarket Perps CRCL-USD	+0.0125%	1h	91.588	−0.113%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0155%	8h	91.666	−0.028%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0185%	8h	91.500	−0.209%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0203%	8h	91.680	−0.013%	$22.3M	$62.7M	50x	as long as short
BloFin CRCL-USDT	+0.0223%	8h	91.610	−0.089%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.318	−0.408%	$27K	$82K	10x	as long as short
Lighter CRCLlong	+0.0264%	1h	91.692	long leg	$3.0M	$2.4M	10x
RISEx CRCL/USDC	+0.0271%	1h	91.605	−0.095%	$417K	$268K	10x	as long as short
edgeX CRCLUSDC	+0.0376%	4h	91.464	−0.249%	$52K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0396%	1h	91.542	−0.164%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0405%	1h	91.630	−0.068%	$5K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.100	+0.445%	$5K	$19K	30x	as long as short