CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0301%/8h= −33.0% APRnext payment −$0.38 per $10,000 · paid last 24h −0.072%

Price spread now: Vest against Lighter−0.328%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 Vest

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 · Vest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Vest is 0.328% cheaper against Lighter than usual: you would sell low and buy high (−$33 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	91.781	0.0224	pay 0.0028% / 1h	24m 07s	$3.0M	$2.4M	10x
Short	Vest CRCL-USD-PERP	91.480	−0.0077	pay 0.0010% / 1h	24m 07s	—	$31K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.328%Rate

Funding earned: −$63.22
Price spread: −0.328% → 0.000%: −$32.8
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: −$98.01
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 min ago; Vest: 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, 3 min ago	3.55 bp	7.6 bp −$8	15.1 bp −$151	42.9 bp −$4,292	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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
Bitget CRCLUSDT	−0.1304%	8h	91.800	+0.021%	$15.8M	$34.6M	25x	as long as short
Vest CRCL-USD-PERPshort	−0.0077%	1h	91.480	−0.328%	—	$31K	25x
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.470	−0.339%	$903K	$518K	10x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.738	−0.047%	$1.1M	$4.9M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.724	−0.063%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.759	−0.024%	$104.6M	$385.0M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.800	+0.021%	$15.1M	$25.8M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.690	−0.099%	$419K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.800	+0.021%	$7.1M	$26.7M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.576	−0.223%	$2.4M	$3.2M	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CRCL_USDT_Perp	0.0000%	8h	91.605	−0.192%	$65K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.730	−0.056%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0008%	8h	91.780	−0.001%	$21.6M	$59.4M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0019%	1h	91.624	−0.171%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.680	−0.110%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.774	−0.008%	$974K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.600	−0.197%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.728	−0.058%	$68.5M	$41.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.691	−0.098%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.698	−0.090%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.550	−0.252%	$974K	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0069%	8h	91.695	−0.094%	$752	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.650	−0.143%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.690	−0.099%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.560	−0.241%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.700	−0.088%	$914	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.738	−0.047%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.670	−0.121%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0183%	1h	91.546	−0.256%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0192%	1h	91.633	−0.161%	$131K	$104K	3x	as long as short
Lighter CRCLlong	+0.0224%	1h	91.781	long leg	$3.0M	$2.4M	10x
Injective CRCL/USDC PERP	+0.0440%	1h	92.130	+0.380%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0514%	1h	91.750	−0.034%	$4K	$767K	10x	as long as short
edgeX CRCLUSDC	+0.0554%	4h	91.597	−0.201%	$23K	$248K	10x	as long as short