CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.094%

Price spread now: RISEx against Lighter RH+0.030%7-day average +0.009% · 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−$14as in the Price arb table

costs, in and out, $10k−$160.163% of the position

Long on Lighter RH Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.264%+$26 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now +0.030%, 7d avg +0.009%

Together, before fees+0.128%+ Points / potential airdropLighter RH: Points live · farm board+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.022% dearer against Lighter RH than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of +0.009%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 3 days funding on this pair paid +0.264%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRCL	92.012	0.0032	pay 0.0004% / 1h	13m 17s	$974K	$2.9M	10x
Short	RISEx CRCL/USDC	92.040	0	get 0.0000% / 1h	13m 17s	$420K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$6.72
Price spread: +0.030% → +0.009%: $2.19
Slippage, 4 orders: −$10.29
Fee Lighter RH: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$20.82
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; RISEx: live order book, 55 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, 5 min ago	0.54 bp	3.8 bp −$4	12.7 bp −$127	doesn't fit	doesn't fit
Sell RISEx live order book, 55 min ago	2.65 bp	5.7 bp −$6	6.8 bp −$68	doesn't fit	doesn't fit

CRCL on 33 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	−0.0857%	8h	92.050	+0.041%	$16.1M	$35.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0046%	1h	91.810	−0.220%	—	$40K	25x	as long as short
Gate CRCL_USDT	−0.0037%	8h	92.010	−0.002%	$7.1M	$26.8M	50x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	91.990	−0.024%	$908K	$590K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.000	−0.013%	$15.0M	$25.9M	50x	as long as short
RISEx CRCL/USDCshort	0.0000%	1h	92.040	+0.030%	$420K	$299K	10x
Variational Omni CRCL	0.0000%	8h	91.928	−0.091%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.010	−0.002%	$70K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.000	−0.013%	$1.0M	$49K	10x	as long as short
Aftermath Perps CRCLUSD	+0.0024%	1h	91.950	−0.068%	$2K	$23K	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCLlong	+0.0032%	1h	92.012	long leg	$974K	$2.9M	10x
Arcus CRCL-USD	+0.0040%	1h	91.960	−0.057%	$93K	$273K	10x	as long as short
Extended CRCL_24_5-USD	+0.0048%	1h	91.967	−0.049%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0050%	8h	92.000	−0.013%	$104.9M	$394.2M	50x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.945	−0.073%	$69.1M	$42.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.975	−0.040%	$356K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.982	−0.033%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.970	−0.046%	$999K	$5.5M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0053%	8h	92.020	+0.009%	$21.7M	$60.4M	50x	as long as short
QFEX CRCL-USD	+0.0057%	1h	92.060	+0.052%	$1.3M	$2.3M	10x	as long as short
Aster CRCLUSDT	+0.0059%	8h	92.017	+0.006%	$1.1M	$4.9M	20x	as long as short
Paradex CRCL-USD-PERP	+0.0072%	8h	92.049	+0.040%	$755	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.067	+0.059%	$133K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.010	−0.002%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.980	−0.035%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.980	−0.035%	$917	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.968	−0.048%	$4	—	10x	as long as short
Nado CRCL-PERP	+0.0152%	1h	91.963	−0.053%	$131K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0185%	1h	91.970	−0.046%	$4K	$769K	10x	as long as short
Lighter CRCL	+0.0192%	1h	92.019	+0.008%	$3.0M	$2.4M	10x	as long as short
Phoenix CRCL	+0.0231%	1h	91.952	−0.065%	$27K	$92K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.500	+0.530%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0705%	4h	91.967	−0.049%	$23K	$268K	10x	as long as short