CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.017%

Price spread now: Lighter RH against tradeXYZ+0.038%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on tradeXYZ Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 7 days+0.047%+$5 · spread now +0.038%, 7d avg +0.064%

Together, before fees−0.035%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board−$3 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 0.026% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.064%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CRCL	92.090	0.0050	pay 0.0006% / 1h	10m 20s	$68.6M	$41.8M	10x
Short	Lighter RH CRCL	92.125	0.0032	get 0.0004% / 1h	10m 20s	$976K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against tradeXYZ. 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 tradeXYZbpFee Lighter RHbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$3.78
Price spread: +0.038% → +0.064%: −$2.62
Slippage, 4 orders: −$7.42
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$31.82
Costs to cover: 0.254%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 8 min ago; Lighter RH: live order book, 3 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 tradeXYZ live order book, 8 min ago	0.60 bp	9.6 bp −$10	10.9 bp −$109	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	2.77 bp	2.9 bp −$3	6.8 bp −$68	doesn't fit	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	−0.0913%	8h	92.150	+0.065%	$16.6M	$35.2M	25x	as long as short
Vest CRCL-USD-PERP	−0.0069%	1h	91.870	−0.239%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	92.035	−0.059%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.078	−0.013%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	92.171	+0.088%	$105.0M	$390.0M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.170	+0.087%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.105	+0.017%	$419K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.180	+0.098%	$7.3M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.128	+0.041%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.052	−0.041%	$64K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	92.020	−0.076%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.990	−0.109%	$908K	$491K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	92.070	−0.022%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCLshort	+0.0032%	1h	92.125	+0.038%	$976K	$2.9M	10x
Aftermath Perps CRCLUSD	+0.0036%	1h	92.003	−0.095%	$2K	$25K	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0037%	8h	92.190	+0.109%	$22.3M	$61.5M	50x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.020	−0.076%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCLlong	+0.0050%	1h	92.090	long leg	$68.6M	$41.8M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	92.082	−0.009%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.071	−0.021%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.000	−0.098%	$1.0M	$5.2M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.050	−0.043%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.040	−0.054%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.990	−0.109%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.150	+0.065%	$919	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.066	−0.026%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0112%	8h	92.079	−0.012%	$424	$905	5x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	92.100	+0.011%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	92.044	−0.050%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0216%	1h	92.080	−0.011%	$3.0M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0223%	4h	91.994	−0.104%	$51K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0311%	1h	92.026	−0.070%	$131K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.560	+0.510%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0728%	1h	92.090	0.000%	$4K	$767K	10x	as long as short