CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.008%

Price spread now: Polymarket Perps against Lighter RH+0.142%7-day average −0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs+$5as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on Lighter RH Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days−0.116%−$12 · spread now +0.142%, 7d avg −0.104%

Together, before fees−0.137%+ Points / potential airdropLighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.246% dearer against Lighter RH than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRCL	94.648	0.0032	pay 0.0004% / 1h	17m 59s	$896K	$2.9M	10x
Short	Polymarket Perps CRCL-USD	94.782	0.0050	get 0.0006% / 1h	17m 59s	$367K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.142%Rate

Funding earned: $3.78
Price spread: +0.142% → −0.104%: $24.56
Slippage, 4 orders: −$11.41
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $8.93
Costs to cover: 0.194%
Break-even: from the start

Slippage from Lighter RH: live order book, 5 min ago; Polymarket Perps: live order book, 5 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	3.06 bp	3.1 bp −$3	7.0 bp −$70	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	0.26 bp	4.6 bp −$5	4.7 bp −$47	7.8 bp −$783	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
Gate CRCL_USDT	0.0000%	8h	94.670	+0.023%	$7.2M	$27.7M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.660	+0.013%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.760	+0.118%	$1.4M	$2.8M	10x	as long as short
Lighter RH CRCLlong	+0.0032%	1h	94.648	long leg	$896K	$2.9M	10x
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.146%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.680	+0.034%	—	$45K	25x	as long as short
Polymarket Perps CRCL-USDshort	+0.0050%	1h	94.782	+0.142%	$367K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	94.600	−0.051%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.630	−0.019%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0053%	1h	94.779	+0.138%	$2K	$21K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.760	+0.118%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.740	+0.097%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.620	−0.030%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.630	−0.019%	$943	$3K	10x	as long as short
Bybit CRCLUSDT	+0.0103%	8h	94.660	+0.013%	$15.5M	$25.9M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.705	+0.061%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0120%	8h	94.789	+0.149%	$777	$740	5x	as long as short
tradeXYZ xyz:CRCL	+0.0169%	1h	94.558	−0.095%	$71.8M	$43.4M	10x	as long as short
Variational Omni CRCL	+0.0184%	8h	94.712	+0.068%	$2.5M	$3.1M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0197%	8h	94.650	+0.002%	$22.9M	$60.8M	50x	as long as short
GRVT CRCL_USDT_Perp	+0.0233%	8h	94.746	+0.104%	$61K	$1.1M	10x	as long as short
Binance CRCLUSDT	+0.0247%	8h	94.650	+0.002%	$109.7M	$390.5M	50x	as long as short
Extended CRCL_24_5-USD	+0.0248%	1h	94.632	−0.017%	$1.1M	$3.8M	10x	as long as short
Aster CRCLUSDT	+0.0251%	8h	94.660	+0.013%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0273%	1h	94.723	+0.079%	$127K	$73K	3x	as long as short
Phoenix CRCL	+0.0288%	1h	94.779	+0.138%	$28K	$92K	10x	as long as short
Bitget CRCLUSDT	+0.0305%	8h	94.630	−0.019%	$16.9M	$35.4M	25x	as long as short
Lighter CRCL	+0.0344%	1h	94.645	−0.003%	$3.1M	$2.2M	10x	as long as short
BloFin CRCL-USDT	+0.0365%	8h	94.810	+0.171%	$1.1M	$601K	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.964%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0490%	1h	94.620	−0.030%	$4K	$772K	10x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.770	+0.129%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.800	+0.160%	$432K	$303K	10x	as long as short
edgeX CRCLUSDC	+0.0768%	4h	94.705	+0.060%	$24K	$268K	10x	as long as short