CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0262%/8h= −28.7% APRnext payment −$0.33 per $10,000 · paid last 24h −0.062%

Price spread now: SoDEX against Lighter−0.033%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on SoDEX

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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SoDEX is 0.033% cheaper against Lighter than usual: you would sell low and buy high (−$3 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	Lighter CRCL	91.868	0.0312	pay 0.0039% / 1h	38m 53s	$3.0M	$2.4M	10x
Short	SoDEX CRCL-USD	91.838	0.0050	get 0.0006% / 1h	38m 53s	$46K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Lighter. 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 LighterbpFee SoDEXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$55.02
Price spread: −0.033% → 0.000%: −$3.27
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$66.29
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 8 min ago; SoDEX: no order-book sample. 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 Lighter live order book, 8 min ago	1.58 bp	5.0 bp −$5	10.5 bp −$105	42.3 bp −$4,228	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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 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	−0.0709%	8h	91.920	+0.057%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0067%	1h	91.610	−0.281%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.900	+0.035%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.940	+0.078%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.849	−0.021%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.840	−0.030%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0008%	8h	91.854	−0.015%	$1.1M	$5.0M	20x	as long as short
Binance CRCLUSDT	+0.0015%	8h	91.871	+0.003%	$104.7M	$391.3M	50x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.841	−0.029%	$1.2M	$5.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.861	−0.008%	$2K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0040%	1h	91.861	−0.008%	$973K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.850	−0.020%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	+0.024%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.829	−0.042%	$68.2M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.840	−0.030%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USDshort	+0.0050%	1h	91.838	−0.033%	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.680	−0.205%	$1.0M	$5.1M	10x	as long as short
BloFin CRCL-USDT	+0.0059%	8h	91.890	+0.024%	$1.1M	$1.6M	20x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.870	+0.002%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0065%	8h	91.870	+0.002%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0079%	8h	91.890	+0.024%	$22.3M	$61.6M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.864	−0.004%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.820	−0.052%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.920	+0.057%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.800	−0.074%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.842	−0.028%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.888	+0.022%	$418K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0132%	8h	91.860	−0.008%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.905	+0.040%	$27K	$82K	10x	as long as short
Lighter CRCLlong	+0.0312%	1h	91.868	long leg	$3.0M	$2.4M	10x
Nado CRCL-PERP	+0.0372%	1h	91.766	−0.111%	$134K	$106K	3x	as long as short
edgeX CRCLUSDC	+0.0426%	4h	91.799	−0.075%	$51K	$275K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.290	+0.459%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0731%	1h	91.840	−0.030%	$4K	$768K	10x	as long as short