CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.051%

Price spread now: Phoenix against Lighter RH+0.051%7-day average — · you sell dearer than you buy

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

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.051% dearer against Lighter RH than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRCL	91.337	0.0152	pay 0.0019% / 1h	47m 15s	$976K	$2.7M	10x
Short	Phoenix CRCL	91.384	0.0245	get 0.0031% / 1h	47m 15s	$27K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.051%Rate

Funding earned: $19.44
Price spread: +0.051% → 0.000%: $5.15
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $17.58
Costs to cover: 0.070%
Break-even: 0.7 days

Slippage unknown: Lighter RH: live order book, 1 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 RH live order book, 1 min ago	3.23 bp	3.9 bp −$4	7.0 bp −$70	doesn't fit	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 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	−0.0726%	8h	91.400	+0.069%	$17.4M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0084%	1h	91.060	−0.303%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.320	−0.019%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.380	+0.047%	$7.7M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.430	+0.102%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.330	−0.008%	$1.0M	$48K	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.380	+0.047%	$93K	$289K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	91.326	−0.012%	$2K	$27K	5x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.298	−0.043%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.290	−0.051%	$1.1M	$5.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.470	+0.146%	$891K	$605K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.360	+0.025%	$1.3M	$1.8M	10x	as long as short
Aster CRCLUSDT	+0.0073%	8h	91.352	+0.016%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0086%	8h	91.310	−0.030%	$104.4M	$397.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0088%	1h	91.296	−0.044%	$1.0M	$5.7M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.340	+0.003%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.340	+0.003%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.290	−0.051%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.300	−0.041%	$910	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.307	−0.032%	$4	—	10x	as long as short
Lighter RH CRCLlong	+0.0152%	1h	91.337	long leg	$976K	$2.7M	10x
tradeXYZ xyz:CRCL	+0.0157%	1h	91.260	−0.084%	$67.6M	$44.4M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0173%	8h	91.325	−0.013%	$420	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0175%	8h	91.444	+0.117%	$65K	$1.1M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0181%	1h	91.298	−0.043%	$382K	$1.3M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0182%	8h	91.350	+0.014%	$22.2M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0206%	8h	91.300	−0.041%	$1.1M	$1.6M	20x	as long as short
Phoenix CRCLshort	+0.0245%	1h	91.384	+0.051%	$27K	$82K	10x
RISEx CRCL/USDC	+0.0271%	1h	91.375	+0.042%	$416K	$268K	10x	as long as short
edgeX CRCLUSDC	+0.0321%	4h	91.441	+0.114%	$52K	$278K	10x	as long as short
Lighter CRCL	+0.0328%	1h	91.346	+0.010%	$2.9M	$2.4M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.930	+0.649%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0457%	1h	91.325	−0.014%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0517%	1h	91.300	−0.041%	$5K	$769K	10x	as long as short