CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.010%

Price spread now: Lighter RH against Vest+0.100%46s7-day average — · you sell dearer than you buy

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

Long on Vest Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 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 RH: Points live · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter RH is 0.100% dearer against Vest than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	Vest CRCL-USD-PERP	94.660	0.0046	pay 0.0006% / 1h	38m 42s	—	$45K	25x
Short	Lighter RH CRCL	94.755	0.0056	get 0.0007% / 1h	38m 42s	$894K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.100%Rate

Funding earned: $2.17
Price spread: +0.100% → 0.000%: $10.04
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $10.2
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Lighter RH: 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 RH live order book, 4 min ago	1.26 bp	3.7 bp −$4	6.8 bp −$68	doesn't fit	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 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
Gate CRCL_USDT	0.0000%	8h	94.680	+0.021%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.740	+0.085%	$1.0M	$52K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.680	+0.021%	$1.4M	$2.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.510	−0.158%	$940K	$723K	10x	as long as short
Vest CRCL-USD-PERPlong	+0.0046%	1h	94.660	long leg	—	$45K	25x
SoDEX CRCL-USD	+0.0050%	1h	94.688	+0.030%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.600	−0.063%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0052%	1h	94.710	+0.053%	$2K	$21K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0052%	1h	94.686	+0.027%	$367K	$1.1M	10x	as long as short
Lighter RH CRCLshort	+0.0056%	1h	94.755	+0.100%	$894K	$2.9M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCL	+0.0100%	1h	94.670	+0.011%	$76K	$99K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	94.710	+0.053%	$3.0M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.610	−0.053%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.710	+0.053%	$944	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.724	+0.067%	$4	—	10x	as long as short
Bybit CRCLUSDT	+0.0104%	8h	94.690	+0.032%	$15.6M	$25.9M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0132%	8h	94.717	+0.060%	$777	$740	5x	as long as short
Variational Omni CRCL	+0.0139%	8h	94.783	+0.130%	$2.6M	$3.1M	—	as long as short
GRVT CRCL_USDT_Perp	+0.0184%	8h	94.784	+0.131%	$61K	$1.1M	10x	as long as short
Extended CRCL_24_5-USD	+0.0200%	1h	94.664	+0.004%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0202%	8h	94.707	+0.049%	$109.5M	$389.7M	50x	as long as short
OKX CRCL-USDT-SWAP	+0.0205%	8h	94.710	+0.053%	$22.9M	$60.7M	50x	as long as short
Aster CRCLUSDT	+0.0212%	8h	94.731	+0.075%	$1.1M	$4.9M	20x	as long as short
tradeXYZ xyz:CRCL	+0.0236%	1h	94.677	+0.018%	$71.1M	$42.9M	10x	as long as short
Phoenix CRCL	+0.0288%	1h	94.749	+0.094%	$28K	$92K	10x	as long as short
Nado CRCL-PERP	+0.0307%	1h	94.662	+0.002%	$127K	$73K	3x	as long as short
Bitget CRCLUSDT	+0.0314%	8h	94.680	+0.021%	$16.9M	$35.4M	25x	as long as short
BloFin CRCL-USDT	+0.0322%	8h	94.710	+0.053%	$1.1M	$594K	20x	as long as short
Lighter CRCL	+0.0416%	1h	94.750	+0.095%	$3.1M	$2.2M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.951%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.700	+0.042%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.741	+0.086%	$432K	$312K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0595%	1h	94.730	+0.074%	$4K	$772K	10x	as long as short
edgeX CRCLUSDC	+0.0967%	4h	94.751	+0.096%	$24K	$267K	10x	as long as short