CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h +0.039%

Price spread now: Extended against Lighter RH−0.046%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.173% of the position

Long on Lighter RH Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.202%+$20 on $10k

Price spread, last 7 days+0.104%+$10 · spread now −0.046%, 7d avg −0.044%

Together, before fees+0.306%+ Points / potential airdropLighter RH: Points live · Extended: Active · farm board+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRCL	92.762	0.0032	pay 0.0004% / 1h	5m 57s	$1.0M	$2.5M	10x
Short	Extended CRCL_24_5-USD	92.720	0.0264	get 0.0033% / 1h	5m 57s	$1.1M	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Lighter RH. 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 Lighter RHbpFee ExtendedbpOrdersPrice spread, now −0.046%Rate

Funding earned: $48.72
Price spread: −0.046% → −0.044%: −$0.14
Slippage, 4 orders: −$12.32
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $31.27
Costs to cover: 0.173%
Break-even: 2.5 days

Slippage from Lighter RH: live order book, 5 min ago; Extended: live order book, 1 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 RH live order book, 5 min ago	3.46 bp	3.6 bp −$4	6.4 bp −$64	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.49 bp	5.1 bp −$5	36.3 bp −$363	doesn't fit	doesn't fit

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	92.500	−0.282%	$865K	$744K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.760	−0.002%	$15.1M	$25.0M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	92.760	−0.002%	$18.5M	$33.3M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.720	−0.045%	$1.0M	$46K	10x	as long as short
Vest CRCL-USD-PERP	+0.0017%	1h	92.550	−0.229%	—	$30K	25x	as long as short
Lighter RH CRCLlong	+0.0032%	1h	92.762	long leg	$1.0M	$2.5M	10x
Aftermath Perps CRCLUSD	+0.0041%	1h	92.675	−0.094%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.663	−0.107%	$67.6M	$39.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.786	+0.026%	$319K	$982K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.736	−0.028%	$46K	$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	92.530	−0.250%	$1.0M	$3.7M	10x	as long as short
QFEX CRCL-USD	+0.0055%	1h	92.680	−0.088%	$1.3M	$1.6M	10x	as long as short
Gate CRCL_USDT	+0.0062%	8h	92.790	+0.030%	$7.5M	$25.7M	50x	as long as short
Injective CRCL/USDC PERP	+0.0072%	1h	92.090	−0.724%	$38K	$172K	30x	as long as short
Paradex CRCL-USD-PERP	+0.0076%	8h	92.729	−0.036%	$427	$477	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.704	−0.062%	$139K	$139K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.720	−0.045%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.610	−0.164%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.730	−0.034%	$925	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.757	−0.005%	$4	—	10x	as long as short
Phoenix CRCL	+0.0197%	1h	92.624	−0.149%	$27K	$66K	10x	as long as short
Variational Omni CRCL	+0.0203%	8h	92.521	−0.259%	$2.5M	$3.2M	—	as long as short
Arcus CRCL-USD	+0.0214%	1h	92.730	−0.034%	$93K	$199K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0226%	8h	92.740	−0.024%	$22.8M	$56.6M	50x	as long as short
Binance CRCLUSDT	+0.0260%	8h	92.740	−0.024%	$106.7M	$348.4M	50x	as long as short
Extended CRCL_24_5-USDshort	+0.0264%	1h	92.720	−0.046%	$1.1M	$4.0M	10x
Aster CRCLUSDT	+0.0273%	8h	92.750	−0.013%	$1.1M	$4.5M	20x	as long as short
Nado CRCL-PERP	+0.0281%	1h	92.720	−0.046%	$154K	$94K	3x	as long as short
Lighter CRCL	+0.0288%	1h	92.781	+0.020%	$3.0M	$2.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0289%	1h	92.750	−0.013%	$5K	$415K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0312%	8h	92.645	−0.126%	$59K	$987K	10x	as long as short
BloFin CRCL-USDT	+0.0382%	8h	92.750	−0.013%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0528%	1h	92.760	−0.002%	$416K	$225K	10x	as long as short
edgeX CRCLUSDC	+0.0760%	4h	92.591	−0.185%	$53K	$268K	10x	as long as short