CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0166%/8h= +18.2% APRnext payment +$0.21 per $10,000 · paid last 24h +0.069%

Price spread now: Lighter against Polymarket Perps+0.044%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs+$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.712%+$71 on $10k

Price spread, last 7 days+0.050%+$5 · spread now +0.044%, 7d avg +0.162%

Together, before fees+0.762%+ Points / potential airdropLighter: Season 3 · farm board+$76 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.118% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.044% now, against its 7-day average of +0.162%). If the spread goes back, that is −$12 on $10k: about 2.4 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.712% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps CRCL-USD	90.890	0.0050	pay 0.0006% / 1h	28m 31s	$381K	$1.3M	10x
Short	Lighter CRCL	90.930	0.0216	get 0.0027% / 1h	28m 31s	$2.9M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.044%Rate

Funding earned: $34.86
Price spread: +0.044% → +0.162%: −$11.79
Slippage, 4 orders: −$10.56
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.51
Costs to cover: 0.186%
Break-even: 6.1 days

Slippage from Polymarket Perps: live order book, 5 min ago; Lighter: live order book, 4 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 Polymarket Perps live order book, 5 min ago	2.52 bp	6.5 bp −$7	6.9 bp −$69	9.9 bp −$994	doesn't fit
Sell Lighter live order book, 4 min ago	1.59 bp	2.5 bp −$3	6.5 bp −$65	37.5 bp −$3,751	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
Bitget CRCLUSDT	−0.0907%	8h	91.030	+0.154%	$16.7M	$36.4M	25x	as long as short
Vest CRCL-USD-PERP	−0.0072%	1h	90.700	−0.209%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	90.930	+0.044%	$14.5M	$26.9M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.000	+0.121%	$7.5M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.161	+0.298%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.180	+0.319%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0013%	8h	90.964	+0.082%	$1.0M	$5.1M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	90.871	−0.021%	$1.0M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0026%	8h	90.922	+0.035%	$103.3M	$395.5M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	90.915	+0.028%	$969K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.140	+0.275%	$93K	$291K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	91.138	+0.273%	$2K	$26K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	90.860	−0.033%	$67.9M	$43.4M	10x	as long as short
Polymarket Perps CRCL-USDlong	+0.0050%	1h	90.890	long leg	$381K	$1.3M	10x
SoDEX CRCL-USD	+0.0050%	1h	91.182	+0.321%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	90.840	−0.055%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	90.890	0.000%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	91.180	+0.319%	$913K	$529K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0091%	8h	90.910	+0.022%	$418	$905	5x	as long as short
BloFin CRCL-USDT	+0.0100%	8h	91.250	+0.396%	$1.1M	$1.6M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	90.970	+0.088%	$133K	$161K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.090	+0.220%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.170	+0.308%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.190	+0.330%	$909	$2K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0101%	8h	91.190	+0.330%	$62K	$1.1M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.187	+0.327%	$4	—	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0111%	8h	90.920	+0.033%	$22.0M	$61.8M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	90.900	+0.011%	$414K	$294K	10x	as long as short
Phoenix CRCL	+0.0210%	1h	91.148	+0.284%	$27K	$82K	10x	as long as short
Lighter CRCLshort	+0.0216%	1h	90.930	+0.044%	$2.9M	$2.4M	10x
Nado CRCL-PERP	+0.0308%	1h	90.919	+0.031%	$132K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.040	+1.265%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0628%	1h	91.200	+0.341%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0917%	4h	91.164	+0.301%	$52K	$278K	10x	as long as short