CRCL

Alert

Funding spread now, next payment 17:00 UTC−0.0279%/8h

next payment, per $10,000−$0.35paid, last 24h+0.018%paid, last 3 days+0.135%to open and closeno order book

Long on Aftermath Perps Short on Lighter RH

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps CRCLUSD	94.734	0.0311	pay 0.0039% / 1h	34m 30s	$2K	$13K	5x
Short	Lighter RH CRCL	94.724	0.0032	get 0.0004% / 1h	34m 30s	$793K	$2.7M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee Lighter RHbpOrdersRate

Funding earned: −$58.54
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$67.54
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Lighter RH: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.011%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 5 min ago	1.16 bp	1.3 bp −$1	6.4 bp −$64	doesn't fit	doesn't fit

Aftermath Perps: 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 33 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate CRCL_USDT	0.0000%	8h	$7.1M	$25.3M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	$1.0M	$45K	10x	as long as short
Lighter RH CRCLshort	+0.0032%	1h	$793K	$2.7M	10x
Vest CRCL-USD-PERP	+0.0041%	1h	—	$45K	25x	as long as short
QFEX CRCL-USD	+0.0049%	1h	$1.4M	$2.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	$1.1M	$5.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0080%	1h	$942K	$798K	10x	as long as short
Variational Omni CRCL	+0.0087%	8h	$2.2M	$2.9M	—	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex CRCL-USD-PERP	+0.0088%	8h	$720	$428	5x	as long as short
tradeXYZ xyz:CRCL	+0.0088%	1h	$71.3M	$40.1M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	$76K	$98K	10x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	$70K	$7K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	$945	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0124%	1h	$405K	$336K	10x	as long as short
Aster CRCLUSDT	+0.0159%	8h	$1.1M	$4.6M	20x	as long as short
Binance CRCLUSDT	+0.0168%	8h	$107.4M	$352.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0168%	1h	$1.0M	$3.1M	10x	as long as short
Bybit CRCLUSDT	+0.0171%	8h	$15.5M	$23.3M	50x	as long as short
Phoenix CRCL	+0.0204%	1h	$28K	$92K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0208%	8h	$22.8M	$55.8M	50x	as long as short
KuCoin CRCLUSDTM	+0.0244%	8h	$2.9M	$1.4M	20x	as long as short
Lighter CRCL	+0.0272%	1h	$2.9M	$2.0M	10x	as long as short
Bitget CRCLUSDT	+0.0274%	8h	$16.8M	$33.0M	25x	as long as short
BloFin CRCL-USDT	+0.0289%	8h	$1.1M	$585K	20x	as long as short
Nado CRCL-PERP	+0.0309%	1h	$132K	$79K	3x	as long as short
Aftermath Perps CRCLUSDlong	+0.0311%	1h	$2K	$13K	5x
Deribit CRCL_USDC-PERPETUAL	+0.0383%	1h	$4K	$802K	10x	as long as short
Arcus CRCL-USD	+0.0427%	1h	$106K	$250K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	$5K	$76K	30x	as long as short
edgeX CRCLUSDC	+0.0686%	4h	$24K	$265K	10x	as long as short