CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0378%/8h= +41.4% APRnext payment +$0.47 per $10,000 · paid last 24h +0.079%

Price spread now: Lighter against Vest−0.025%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Lighter

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 airdropVest: Active · Lighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.025% cheaper against Vest than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$11 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRCL-USD-PERP	95.850	0.0046	pay 0.0006% / 1h	46m 05s	—	$29K	25x
Short	Lighter CRCL	95.826	0.0424	get 0.0053% / 1h	46m 05s	$3.3M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Vest. 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 VestbpFee LighterbpOrdersPrice spread, now −0.025%Rate

Funding earned: $79.45
Price spread: −0.025% → 0.000%: −$2.5
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter: 0 bp × 2 orders: $0
Net: $74.94
Costs to cover: 0.020%
Break-even: 0.4 days

Slippage unknown: Vest: no order-book sample; Lighter: live order book, 4 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 Vest no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	2.67 bp	16.7 bp −$17	26.9 bp −$269	56.4 bp −$5,637	doesn't fit

Vest: 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	95.800	−0.052%	$874K	$807K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	95.960	+0.115%	$16.0M	$29.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	95.860	+0.010%	$427K	$227K	10x	as long as short
Bitget CRCLUSDT	0.0000%	8h	95.900	+0.052%	$19.2M	$39.3M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	95.780	−0.073%	$1.1M	$47K	10x	as long as short
QFEX CRCL-USD	+0.0014%	1h	95.890	+0.042%	$1.4M	$1.7M	10x	as long as short
Gate CRCL_USDT	+0.0025%	8h	95.820	−0.031%	$7.8M	$26.7M	50x	as long as short
Injective CRCL/USDC PERP	+0.0033%	1h	95.630	−0.230%	$39K	$172K	30x	as long as short
Aftermath Perps CRCLUSD	+0.0041%	1h	95.488	−0.378%	$2K	$29K	5x	as long as short
Vest CRCL-USD-PERPlong	+0.0046%	1h	95.850	long leg	—	$29K	25x

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	95.840	−0.010%	$1.1M	$4.4M	10x	as long as short
Lighter RH CRCL	+0.0056%	1h	95.781	−0.072%	$1.0M	$2.7M	10x	as long as short
Arcus CRCL-USD	+0.0057%	1h	95.820	−0.031%	$98K	$242K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0092%	1h	95.844	−0.006%	$69.6M	$44.5M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	95.864	+0.014%	$143K	$151K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	95.710	−0.146%	$2.5M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	95.390	−0.480%	$98K	$26K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	95.770	−0.083%	$755	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	95.743	−0.112%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0122%	8h	95.863	+0.014%	$441	$477	5x	as long as short
Phoenix CRCL	+0.0136%	1h	95.400	−0.469%	$28K	$94K	10x	as long as short
Variational Omni CRCL	+0.0157%	8h	95.650	−0.209%	$2.7M	$3.3M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0225%	8h	95.960	+0.115%	$23.8M	$68.4M	50x	as long as short
edgeX CRCLUSDC	+0.0236%	4h	95.429	−0.440%	$55K	$279K	10x	as long as short
Extended CRCL_24_5-USD	+0.0272%	1h	95.737	−0.118%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0273%	8h	95.918	+0.071%	$112.4M	$398.4M	50x	as long as short
Aster CRCLUSDT	+0.0293%	8h	95.920	+0.073%	$1.2M	$4.8M	20x	as long as short
GRVT CRCL_USDT_Perp	+0.0310%	8h	95.460	−0.407%	$66K	$1.0M	10x	as long as short
BloFin CRCL-USDT	+0.0384%	8h	96.000	+0.156%	$1.2M	$1.8M	20x	as long as short
Nado CRCL-PERP	+0.0398%	1h	95.738	−0.117%	$153K	$93K	3x	as long as short
Lighter CRCLshort	+0.0424%	1h	95.826	−0.025%	$3.3M	$2.5M	10x
Polymarket Perps CRCL-USD	+0.0429%	1h	95.910	+0.063%	$315K	$1.3M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0796%	1h	95.740	−0.115%	$5K	$415K	10x	as long as short
SoDEX CRCL-USD	+0.1736%	1h	95.741	−0.114%	$48K	$3K	10x	as long as short