CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0150%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.050%

Price spread now: Phoenix against Lighter RH+0.127%7-day average — · you sell dearer than you buy

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

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.177%+$18 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.127% dearer against Lighter RH than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRCL	91.776	0.0032	pay 0.0004% / 1h	3m 10s	$973K	$2.9M	10x
Short	Phoenix CRCL	91.893	0.0182	get 0.0023% / 1h	3m 10s	$27K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.127%Rate

Funding earned: $31.56
Price spread: +0.127% → 0.000%: $12.75
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $37.31
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 5 min ago; Phoenix: 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 RH live order book, 5 min ago	2.83 bp	3.6 bp −$4	7.4 bp −$74	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0669%	8h	91.830	+0.059%	$16.6M	$35.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0062%	1h	91.550	−0.246%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.780	+0.004%	$14.7M	$26.7M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.750	−0.028%	$7.4M	$27.6M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.949	+0.188%	$2.5M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.770	−0.007%	$1.0M	$48K	10x	as long as short
edgeX CRCLUSDC	+0.0016%	4h	91.911	+0.147%	$51K	$276K	10x	as long as short
Aster CRCLUSDT	+0.0017%	8h	91.828	+0.057%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	91.736	−0.043%	$1.2M	$5.6M	10x	as long as short
Binance CRCLUSDT	+0.0026%	8h	91.780	+0.004%	$104.6M	$392.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCLlong	+0.0032%	1h	91.776	long leg	$973K	$2.9M	10x
Aftermath Perps CRCLUSD	+0.0040%	1h	91.769	−0.007%	$2K	$26K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.830	+0.059%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.770	−0.007%	$915K	$523K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.710	−0.072%	$68.0M	$42.3M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.744	−0.035%	$385K	$1.2M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.738	−0.041%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.890	+0.124%	$1.0M	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.760	−0.017%	$1.3M	$1.8M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0081%	8h	91.768	−0.009%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0089%	8h	91.920	+0.157%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0100%	8h	91.780	+0.004%	$22.3M	$61.8M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.756	−0.022%	$136K	$160K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.790	+0.015%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.800	+0.026%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.750	−0.028%	$915	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.738	−0.041%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0105%	8h	91.740	−0.039%	$1.1M	$1.6M	20x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.760	−0.017%	$418K	$299K	10x	as long as short
Phoenix CRCLshort	+0.0182%	1h	91.893	+0.127%	$27K	$82K	10x
Lighter CRCL	+0.0248%	1h	91.773	−0.003%	$3.0M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0295%	1h	91.760	−0.017%	$4K	$768K	10x	as long as short
Nado CRCL-PERP	+0.0350%	1h	91.714	−0.068%	$133K	$108K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.300	+0.571%	$5K	$19K	30x	as long as short