Funding you earn now, next payment 11:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h +0.004%
Price spread now: Lighter against RISEx−0.099%84s7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$140.141% of the position
Funding, last 4 days (all we have)−0.156%−$16 on $10k
+Price spread, last 4 days (all we have)+0.353%+$35 · spread now −0.099%, 7d avg +0.051%
=Together, before fees+0.196%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.150% cheaper against RISEx than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.051%). Swap the legs. The two prices were read 84 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 | RISEx CRCL/USDC | 94.243 | 0.0528 | pay 0.0066% / 1h | 3m 04s | $419K | $228K | 10x |
| Short | Lighter CRCL | 94.150 | 0.0272 | get 0.0034% / 1h | 3m 04s | $3.0M | $2.2M | 10x |
RISEx CRCL/USDC
Lighter CRCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against RISEx. 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
- −$53.66
- Price spread: −0.099% → +0.051%
- −$15.05
- Slippage, 4 orders
- −$8.07
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$82.79
- Costs to cover
- 0.141%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 43 min ago; Lighter: live order book, 2 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 RISEx live order book, 43 min ago | 2.15 bp | 5.2 bp −$5 | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 1.46 bp | 2.3 bp −$2 | 10.7 bp −$107 | 49.2 bp −$4,915 | doesn't fit |
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 | 94.000 | −0.258% | $858K | $787K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 94.140 | −0.110% | $15.2M | $26.5M | 50x | as long as short |
| Bitget CRCLUSDT | 0.0000% | 8h | 94.100 | −0.152% | $18.5M | $35.8M | 25x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 93.960 | −0.301% | $1.0M | $47K | 10x | as long as short |
| Vest CRCL-USD-PERP | +0.0019% | 1h | 94.240 | −0.004% | — | $30K | 25x | as long as short |
| Aftermath Perps CRCLUSD | +0.0031% | 1h | 93.097 | −1.216% | $2K | $29K | 5x | as long as short |
| Lighter RH CRCL | +0.0032% | 1h | 94.027 | −0.230% | $997K | $2.6M | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 93.956 | −0.305% | $68.1M | $41.7M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 94.578 | +0.355% | $316K | $1.0M | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 94.440 | +0.209% | $1.0M | $4.0M | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
Bitget CRCLUSDT
Phemex CRCLUSDT
Vest CRCL-USD-PERP
Aftermath Perps CRCLUSD
Lighter RH CRCL
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
Ondo Perps CRCL-USD.PShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX CRCL-USD | +0.0055% | 1h | 94.710 | +0.495% | $1.4M | $1.7M | 10x | as long as short |
| Gate CRCL_USDT | +0.0066% | 8h | 94.170 | −0.078% | $7.6M | $26.0M | 50x | as long as short |
| Injective CRCL/USDC PERP | +0.0072% | 1h | 92.090 | −2.285% | $38K | $172K | 30x | as long as short |
| Paradex CRCL-USD-PERP | +0.0076% | 8h | 94.503 | +0.275% | $435 | $477 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 94.472 | +0.242% | $142K | $139K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 94.280 | +0.039% | $2.6M | $1.6M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 92.710 | −1.627% | $68K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 94.470 | +0.241% | $744 | $1K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 94.308 | +0.068% | $4 | — | 10x | as long as short |
| SoDEX CRCL-USD | +0.0140% | 1h | 93.841 | −0.427% | $47K | $3K | 10x | as long as short |
| Variational Omni CRCL | +0.0194% | 8h | 92.750 | −1.584% | $2.5M | $3.2M | — | as long as short |
| Phoenix CRCL | +0.0197% | 1h | 92.750 | −1.585% | $27K | $66K | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0211% | 8h | 94.090 | −0.163% | $22.7M | $61.0M | 50x | as long as short |
| Arcus CRCL-USD | +0.0214% | 1h | 94.600 | +0.378% | $95K | $208K | 10x | as long as short |
| Extended CRCL_24_5-USD | +0.0256% | 1h | 94.300 | +0.061% | $1.1M | $4.0M | 10x | as long as short |
| Binance CRCLUSDT | +0.0258% | 8h | 94.200 | −0.046% | $108.0M | $363.2M | 50x | as long as short |
| Nado CRCL-PERP | +0.0268% | 1h | 94.456 | +0.226% | $157K | $101K | 3x | as long as short |
| Lighter CRCLshort | +0.0272% | 1h | 94.150 | −0.099% | $3.0M | $2.2M | 10x | |
| Aster CRCLUSDT | +0.0272% | 8h | 94.260 | +0.018% | $1.1M | $4.6M | 20x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0312% | 8h | 92.721 | −1.615% | $59K | $988K | 10x | as long as short |
| BloFin CRCL-USDT | +0.0379% | 8h | 94.440 | +0.209% | $1.2M | $1.7M | 20x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0387% | 1h | 94.220 | −0.025% | $5K | $415K | 10x | as long as short |
| edgeX CRCLUSDC | +0.0438% | 4h | 92.693 | −1.645% | $53K | $269K | 10x | as long as short |
| RISEx CRCL/USDClong | +0.0528% | 1h | 94.243 | long leg | $419K | $228K | 10x |
QFEX CRCL-USD
Gate CRCL_USDT
Injective CRCL/USDC PERP
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
SoDEX CRCL-USD
Variational Omni CRCL
Phoenix CRCL
OKX CRCL-USDT-SWAP
Arcus CRCL-USD
Extended CRCL_24_5-USD
Binance CRCLUSDT
Nado CRCL-PERP
Aster CRCLUSDT
GRVT CRCL_USDT_Perp
BloFin CRCL-USDT
Deribit CRCL_USDC-PERPETUAL
edgeX CRCLUSDC