CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%

Price spread now: Lighter RH against Ondo Perps+0.027%7-day average +0.142% · you sell dearer than you buy

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

Long on Ondo Perps Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days+0.641%+$64 · spread now +0.027%, 7d avg +0.142%

Together, before fees+0.637%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board+$64 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.115% cheaper against Ondo Perps than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.142%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRCL-USD.P	91.690	0.0050	pay 0.0006% / 1h	18m 02s	$1.1M	$5.3M	10x
Short	Lighter RH CRCL	91.715	0.0032	get 0.0004% / 1h	18m 02s	$980K	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Ondo Perps. 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 Ondo PerpsbpFee Lighter RHbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$3.86
Price spread: +0.027% → +0.142%: −$11.49
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$20.36
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 5 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 5 min ago	3.54 bp	3.7 bp −$4	7.3 bp −$73	doesn't fit	doesn't fit

Ondo Perps: 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	−0.0557%	8h	91.860	+0.185%	$17.6M	$37.1M	25x	as long as short
Vest CRCL-USD-PERP	−0.0083%	1h	91.520	−0.185%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.790	+0.109%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.900	+0.229%	$7.8M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.790	+0.109%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0013%	8h	91.789	+0.108%	$2.4M	$3.2M	—	as long as short
Lighter RH CRCLshort	+0.0032%	1h	91.715	+0.027%	$980K	$2.7M	10x
Aftermath Perps CRCLUSD	+0.0038%	1h	91.658	−0.035%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.700	+0.011%	$94K	$292K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.804	+0.124%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.Plong	+0.0050%	1h	91.690	long leg	$1.1M	$5.3M	10x
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.790	+0.109%	$894K	$616K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.770	+0.087%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0094%	1h	91.770	+0.087%	$67.9M	$44.4M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.750	+0.065%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.690	0.000%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.710	+0.022%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.760	+0.076%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.764	+0.081%	$4	—	10x	as long as short
Aster CRCLUSDT	+0.0106%	8h	91.761	+0.078%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0119%	8h	91.800	+0.120%	$104.9M	$398.1M	50x	as long as short
Extended CRCL_24_5-USD	+0.0120%	1h	91.777	+0.095%	$1.0M	$5.0M	10x	as long as short
edgeX CRCLUSDC	+0.0127%	4h	91.661	−0.032%	$52K	$277K	10x	as long as short
Polymarket Perps CRCL-USD	+0.0136%	1h	91.769	+0.086%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0164%	8h	91.734	+0.048%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0193%	8h	91.680	−0.011%	$64K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0215%	8h	91.820	+0.142%	$22.3M	$62.9M	50x	as long as short
BloFin CRCL-USDT	+0.0239%	8h	91.810	+0.131%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.610	−0.087%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.749	+0.064%	$418K	$268K	10x	as long as short
Lighter CRCL	+0.0280%	1h	91.712	+0.024%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0404%	1h	91.602	−0.095%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.220	+0.578%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.1497%	1h	91.750	+0.065%	$5K	$769K	10x	as long as short