CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.068%

Price spread now: Arcus against Lighter RH+0.083%7-day average −0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Lighter RH Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.320%−$32 · spread now +0.083%, 7d avg −0.080%

Together, before fees−0.251%+ Points / potential airdropLighter RH: Points live · farm board−$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.163% dearer against Lighter RH than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRCL	91.314	0.0032	pay 0.0004% / 1h	32m 08s	$980K	$2.6M	10x
Short	Arcus CRCL-USD	91.390	0.0040	get 0.0005% / 1h	32m 08s	$95K	$296K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Lighter RH. 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 Lighter RHbpFee ArcusbpOrdersPrice spread, now +0.083%Rate

Funding earned: $1.74
Price spread: +0.083% → −0.080%: $16.31
Slippage, 4 orders: −$23.16
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$9.61
Costs to cover: 0.277%
Break-even: 45.7 days

Slippage from Lighter RH: live order book, 1 min ago; Arcus: live order book, 6 min ago.

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 RH live order book, 1 min ago	1.86 bp	3.4 bp −$3	7.9 bp −$79	doesn't fit	doesn't fit
Sell Arcus live order book, 6 min ago	1.64 bp	10.8 bp −$11	15.7 bp −$157	doesn't fit	doesn't fit

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	−0.0254%	8h	91.370	+0.061%	$17.5M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0077%	1h	91.040	−0.300%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.350	+0.039%	$7.8M	$27.4M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.300	−0.015%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0028%	8h	91.330	+0.018%	$14.8M	$26.5M	50x	as long as short
Lighter RH CRCLlong	+0.0032%	1h	91.314	long leg	$980K	$2.6M	10x
Aftermath Perps CRCLUSD	+0.0037%	1h	91.398	+0.092%	$2K	$28K	5x	as long as short
Arcus CRCL-USDshort	+0.0040%	1h	91.390	+0.083%	$95K	$296K	10x
SoDEX CRCL-USD	+0.0050%	1h	91.281	−0.036%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.170	−0.158%	$1.1M	$4.8M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.330	+0.018%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.300	−0.015%	$889K	$392K	10x	as long as short
Variational Omni CRCL	+0.0097%	8h	91.457	+0.157%	$2.4M	$3.2M	—	as long as short
Pacifica CRCL	+0.0100%	1h	91.320	+0.007%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.300	−0.015%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.200	−0.125%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.290	−0.026%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.318	+0.005%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0118%	1h	91.259	−0.060%	$67.6M	$43.9M	10x	as long as short
edgeX CRCLUSDC	+0.0124%	4h	91.531	+0.238%	$52K	$275K	10x	as long as short
Polymarket Perps CRCL-USD	+0.0158%	1h	91.310	−0.004%	$378K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0161%	8h	91.330	+0.017%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0168%	8h	91.350	+0.040%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0184%	1h	91.266	−0.053%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0186%	8h	91.325	+0.012%	$105.0M	$389.7M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.689	+0.411%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0244%	8h	91.400	+0.094%	$61K	$1.1M	10x	as long as short
Lighter CRCL	+0.0256%	1h	91.309	−0.005%	$2.9M	$2.4M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0260%	8h	91.370	+0.061%	$22.2M	$61.7M	50x	as long as short
BloFin CRCL-USDT	+0.0304%	8h	91.320	+0.007%	$1.1M	$1.7M	20x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0408%	1h	91.270	−0.048%	$5K	$769K	10x	as long as short
Nado CRCL-PERP	+0.0425%	1h	91.224	−0.098%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.010	+0.762%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.360	+0.050%	$412K	$272K	10x	as long as short