Funding you earn now, next payment 11:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.04 per $10,000 · paid last 24h −0.006%
Price spread now: Vest against Lighter RH−0.121%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 RH: Points live · Vest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Vest is 0.121% cheaper against Lighter RH than usual: you would sell low and buy high (−$12 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 RH CRCL | 93.043 | 0.0032 | pay 0.0004% / 1h | 46m 37s | $999K | $2.5M | 10x |
| Short | Vest CRCL-USD-PERP | 92.930 | −0.0003 | pay 0.0000% / 1h | 46m 37s | — | $30K | 25x |
Lighter RH CRCL
Vest CRCL-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$7.38
- Price spread: −0.121% → 0.000%
- −$12.14
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$21.52
- Costs to cover
- 0.020%
- Break-even
- never at this rate
Slippage unknown: Lighter RH: live order book, 4 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 RH live order book, 4 min ago | 1.93 bp | 3.6 bp −$4 | 6.6 bp −$66 | doesn't fit | 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 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 | 92.950 | −0.100% | $869K | $749K | 10x | as long as short |
| Vest CRCL-USD-PERPshort | −0.0003% | 1h | 92.930 | −0.121% | — | $30K | 25x | |
| Bybit CRCLUSDT | 0.0000% | 8h | 93.030 | −0.014% | $15.0M | $25.1M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 93.050 | +0.008% | $18.6M | $33.5M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.020 | −0.025% | $1.0M | $45K | 10x | as long as short |
| Lighter RH CRCLlong | +0.0032% | 1h | 93.043 | long leg | $999K | $2.5M | 10x | |
| Aftermath Perps CRCLUSD | +0.0041% | 1h | 93.059 | +0.017% | $2K | $29K | 5x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 92.958 | −0.091% | $67.9M | $40.2M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 92.951 | −0.099% | $382K | $847K | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 93.035 | −0.009% | $47K | $3K | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
Bitget CRCLUSDT
Phemex CRCLUSDT
Aftermath Perps CRCLUSD
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USDShow 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 | 92.980 | −0.068% | $1.0M | $3.8M | 10x | as long as short |
| QFEX CRCL-USD | +0.0055% | 1h | 92.920 | −0.132% | $1.3M | $1.6M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0072% | 1h | 92.090 | −1.024% | $38K | $172K | 30x | as long as short |
| Gate CRCL_USDT | +0.0082% | 8h | 93.110 | +0.072% | $7.5M | $25.3M | 50x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 93.024 | −0.020% | $139K | $139K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 93.080 | +0.040% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 93.110 | +0.072% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 93.080 | +0.040% | $928 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 93.057 | +0.015% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0112% | 8h | 92.994 | −0.053% | $428 | $477 | 5x | as long as short |
| Phoenix CRCL | +0.0197% | 1h | 93.210 | +0.179% | $28K | $66K | 10x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 92.980 | −0.068% | $94K | $212K | 10x | as long as short |
| Nado CRCL-PERP | +0.0281% | 1h | 92.926 | −0.126% | $154K | $94K | 3x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0288% | 1h | 93.010 | −0.035% | $5K | $415K | 10x | as long as short |
| Lighter CRCL | +0.0288% | 1h | 93.073 | +0.032% | $3.0M | $2.1M | 10x | as long as short |
| Variational Omni CRCL | +0.0308% | 8h | 93.171 | +0.138% | $2.5M | $3.3M | — | as long as short |
| OKX CRCL-USDT-SWAP | +0.0318% | 8h | 93.030 | −0.014% | $23.0M | $56.8M | 50x | as long as short |
| Aster CRCLUSDT | +0.0383% | 8h | 93.070 | +0.029% | $1.1M | $4.4M | 20x | as long as short |
| Binance CRCLUSDT | +0.0392% | 8h | 93.050 | +0.008% | $107.6M | $352.1M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0392% | 1h | 93.001 | −0.045% | $1.1M | $4.0M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0515% | 8h | 93.020 | −0.025% | $1.1M | $1.7M | 20x | as long as short |
| RISEx CRCL/USDC | +0.0528% | 1h | 93.040 | −0.003% | $417K | $234K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0752% | 4h | 93.110 | +0.072% | $53K | $269K | 10x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0786% | 8h | 93.270 | +0.244% | $61K | $1.0M | 10x | as long as short |
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Injective CRCL/USDC PERP
Gate CRCL_USDT
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
Phoenix CRCL
Arcus CRCL-USD
Nado CRCL-PERP
Deribit CRCL_USDC-PERPETUAL
Lighter CRCL
Variational Omni CRCL
OKX CRCL-USDT-SWAP
Aster CRCLUSDT
Binance CRCLUSDT
Extended CRCL_24_5-USD
BloFin CRCL-USDT
RISEx CRCL/USDC
edgeX CRCLUSDC
GRVT CRCL_USDT_Perp