CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.1465%/8h= −160.4% APRnext payment −$1.83 per $10,000 · paid last 24h −0.018%

Price spread now: Lighter RH against SoDEX−0.099%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Lighter RH

What this pair did over the last

the charts below follow

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Lighter RH is 0.099% cheaper against SoDEX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CRCL-USD	95.804	0.1529	pay 0.0191% / 1h	44m 20s	$48K	$3K	10x
Short	Lighter RH CRCL	95.709	0.0064	get 0.0008% / 1h	44m 20s	$1.0M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SoDEX. 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 SoDEXbpFee Lighter RHbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$307.6
Price spread: −0.099% → 0.000%: −$9.92
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$325.52
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Lighter RH: live order book, 2 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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 2 min ago	2.71 bp	4.5 bp −$4	9.9 bp −$99	doesn't fit	doesn't fit

SoDEX: 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	−0.0024%	1h	95.670	−0.140%	$873K	$807K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	95.860	+0.058%	$16.0M	$29.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	95.710	−0.098%	$436K	$232K	10x	as long as short
Bitget CRCLUSDT	0.0000%	8h	95.880	+0.079%	$19.2M	$39.3M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	95.850	+0.048%	$1.1M	$47K	10x	as long as short
QFEX CRCL-USD	+0.0014%	1h	95.660	−0.150%	$1.4M	$1.7M	10x	as long as short
Gate CRCL_USDT	+0.0025%	8h	95.870	+0.069%	$7.8M	$26.8M	50x	as long as short
Injective CRCL/USDC PERP	+0.0033%	1h	95.630	−0.182%	$39K	$172K	30x	as long as short
Aftermath Perps CRCLUSD	+0.0042%	1h	95.633	−0.178%	$2K	$29K	5x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	95.740	−0.067%	—	$29K	25x	as long as short

Show 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	95.620	−0.192%	$1.1M	$4.4M	10x	as long as short
Arcus CRCL-USD	+0.0057%	1h	95.710	−0.098%	$99K	$242K	10x	as long as short
Lighter RH CRCLshort	+0.0064%	1h	95.709	−0.099%	$1.0M	$2.7M	10x
Pacifica CRCL	+0.0100%	1h	95.700	−0.108%	$143K	$151K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	95.670	−0.140%	$2.5M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	95.390	−0.432%	$98K	$26K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	95.840	+0.038%	$755	$2K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0102%	1h	95.617	−0.195%	$69.4M	$44.6M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	95.831	+0.028%	$4	—	10x	as long as short
Phoenix CRCL	+0.0136%	1h	95.400	−0.422%	$29K	$94K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0139%	8h	95.703	−0.105%	$440	$477	5x	as long as short
Variational Omni CRCL	+0.0172%	8h	95.761	−0.045%	$2.7M	$3.4M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0227%	8h	95.900	+0.100%	$23.7M	$68.4M	50x	as long as short
edgeX CRCLUSDC	+0.0236%	4h	95.429	−0.392%	$55K	$279K	10x	as long as short
Extended CRCL_24_5-USD	+0.0280%	1h	95.802	−0.002%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0283%	8h	95.817	+0.014%	$112.3M	$398.9M	50x	as long as short
Aster CRCLUSDT	+0.0299%	8h	95.760	−0.046%	$1.2M	$4.8M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0331%	8h	95.986	+0.190%	$56K	$1.0M	10x	as long as short
BloFin CRCL-USDT	+0.0393%	8h	95.880	+0.079%	$1.1M	$1.8M	20x	as long as short
Nado CRCL-PERP	+0.0415%	1h	95.651	−0.159%	$153K	$93K	3x	as long as short
Polymarket Perps CRCL-USD	+0.0425%	1h	95.742	−0.065%	$304K	$1.4M	10x	as long as short
Lighter CRCL	+0.0480%	1h	95.730	−0.077%	$3.3M	$2.5M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0899%	1h	95.860	+0.058%	$5K	$415K	10x	as long as short
SoDEX CRCL-USDlong	+0.1529%	1h	95.804	long leg	$48K	$3K	10x