Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

CRCL

RWAAll CRCL markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Lighter RHCRCL
84.344+0.0432pay 0.0054% / 1h41m 17s$1.7M$2.6M10xLong Lighter RH
SHORT
BingXNCSKCRCL2USD-USDT
84.330+0.0511get 0.0511% / 8h4h 41m$931K$7.3M—Short BingX
Price gap−0.017%
Funding gap+0.0079% /8h

Funding trade: +$2 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$61+0.0079% /8h now · paid +0.610% over the last 7D
Price−$2spread −0.017% now, avg −0.001% → −0.015% if it goes back
Costs−$190.194% of $10k · taker + slippage, in and out
Result+$40+0.40%+ Points / potential airdropLighter RH: Points live · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.017%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

CRCL on 37 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • OK: Fits both order books2.6 / 6.8 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$1,000 + —
    Lighter RH 10x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$2.37Long Lighter RH: 24 payments, −$12.96; short BingX: 3 payments, +$15.33.
  • Note: Gap at its usual level−0.017% vs −0.001%
    The price leg adds little either way.
  • Watch: Short leg is thinner$931K vs $1.7M OI
    BingX sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter RH Points live
    Volume here counts toward the points program.
  • Watch: KYCLighter RH No · BingX Yes
    Advanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0290%/8h × 21 periods+$60.99
Price spread−0.017% → −0.001% (7d avg)−$1.52
Slippage, 4 orderslive order books−$9.41
Fee Lighter RH bp × 2 orders$0.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k+$40.06
Costs to cover0.194%Break-even2.4 days
Slippage: Lighter RH: live order book, 1 min ago; BingX: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGLighter RH2.372.6 bp−$35.4 bp−$54doesn’t fitdoesn’t fit
SELL · SHORTBingX1.786.8 bp−$78.1 bp−$8114.7 bp−$1,46962.7 bp−$31.4K

Closing costs about the same again.

Alert

CRCL news

posts that mention CRCL or Circle Internet Group, from every exchangeSearch all news →
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09-21 13:35gTrade (Gains Network)Listingnew market CRCL/USD ($CRCL) seen by our collector
09-18 17:30Vest MarketsOther$COIN is rebounding from Tuesday's Senate defeat of the CLARITY Act, up around 12% on the session. The SEC issued a five-year innovation exemption that allows tokenized versions of U.S. stocks to trade on blockchain venues, with a comment period open. Crypto-linked equities are broadly higher, with $MSTR, $HOOD and $CRCL also up on the session. @VestExchange on X ↗
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