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Funding arb /

CRCL

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 17:00 UTC+0.0142%/8h
next payment, per $10,000+$0.18paid, last 24h+0.047%paid, last 4 days+0.023%to open and close $10k−$30
Long on Lighter RHShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH CRCL94.3870.0032pay 0.0004% / 1h11m 38s$795K$2.7M10x
ShortDeribit CRCL_USDC-PERPETUAL94.3200.0174get 0.0022% / 1h11m 38s$4K$801K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$29.88
Slippage, 4 orders
−$22.64
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$0.24
Break-even
6.9 days
Slippage from Lighter RH: live order book, 3 min ago; Deribit: live order book, 29 min ago.

Price risk

price view
Price gap now
−0.071%
Avg gap 7d
−0.029%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 3 min ago3.39 bp3.4 bp −$38.4 bp −$84doesn't fitdoesn't fit
Sell Deribit live order book, 29 min ago7.38 bp11.9 bp −$1217.1 bp −$171doesn't fitdoesn't fit

CRCL on 33 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate CRCL_USDT0.0000%8h$7.1M$25.8M50xas long as short
Phemex CRCLUSDT0.0000%4h$1.0M$46K10xas long as short
Lighter RH CRCLlong+0.0032%1h$795K$2.7M10x
Vest CRCL-USD-PERP+0.0046%1h—$45K25xas long as short
QFEX CRCL-USD+0.0049%1h$1.4M$2.6M10xas long as short
Polymarket Perps CRCL-USD+0.0050%1h$355K$1.1M10xas long as short
SoDEX CRCL-USD+0.0050%1h$47K$3K10xas long as short
Ondo Perps CRCL-USD.P+0.0050%1h$1.1M$5.7M10xas long as short
Coinbase International CRCL-PERP-INTX+0.0080%1h$938K$791K10xas long as short
Paradex CRCL-USD-PERP+0.0088%8h$717$4285xas long as short
Show all 33 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Variational Omni CRCL+0.0090%8h$2.2M$2.9M—as long as short
Pacifica CRCL+0.0100%1h$76K$98K10xas long as short
ApeX Omni CRCLUSDT+0.0100%1h$69K$7K50xas long as short
Orderly PERP_CRCL_USDC_mythos+0.0100%8h$941$3K10xas long as short
Aevo CRCL-PERP+0.0104%1h$4—10xas long as short
Bybit CRCLUSDT+0.0107%8h$15.5M$23.2M50xas long as short
tradeXYZ xyz:CRCL+0.0116%1h$71.3M$40.3M10xas long as short
RISEx CRCL/USDC+0.0124%1h$407K$324K10xas long as short
Aster CRCLUSDT+0.0151%8h$1.1M$4.6M20xas long as short
Binance CRCLUSDT+0.0167%8h$106.6M$355.4M50xas long as short
Extended CRCL_24_5-USD+0.0168%1h$1.1M$3.1M10xas long as short
Deribit CRCL_USDC-PERPETUALshort+0.0174%1h$4K$801K10x
Phoenix CRCL+0.0204%1h$28K$92K10xas long as short
OKX CRCL-USDT-SWAP+0.0214%8h$22.7M$56.1M50xas long as short
KuCoin CRCLUSDTM+0.0269%8h$2.9M$1.4M20xas long as short
Bitget CRCLUSDT+0.0286%8h$16.9M$33.1M25xas long as short
BloFin CRCL-USDT+0.0288%8h$1.1M$589K20xas long as short
Lighter CRCL+0.0296%1h$2.9M$2.0M10xas long as short
Nado CRCL-PERP+0.0334%1h$131K$78K3xas long as short
Aftermath Perps CRCLUSD+0.0345%1h$2K$13K5xas long as short
Arcus CRCL-USD+0.0427%1h$105K$250K10xas long as short
Injective CRCL/USDC PERP+0.0440%1h$5K$76K30xas long as short
edgeX CRCLUSDC+0.0546%4h$24K$264K10xas long as short