CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.017%

Price spread now: tradeXYZ against Lighter RH−0.093%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Lighter RH Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.093%, 7d avg −0.064%

Together, before fees+0.092%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.029% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.093% now, against its 7-day average of −0.064%). If the spread goes back, that is −$3 on $10k: about 5.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.082% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRCL	92.221	0.0032	pay 0.0004% / 1h	0m 26s	$978K	$2.9M	10x
Short	tradeXYZ xyz:CRCL	92.135	0.0050	get 0.0006% / 1h	0m 26s	$68.7M	$41.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.093%Rate

Funding earned: $3.78
Price spread: −0.093% → −0.064%: −$2.89
Slippage, 4 orders: −$10.51
Fee Lighter RH: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$27.62
Costs to cover: 0.285%
Break-even: 58.2 days

Slippage from Lighter RH: live order book, 3 min ago; tradeXYZ: live order book, 9 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, 3 min ago	2.39 bp	4.3 bp −$4	9.4 bp −$94	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	1.19 bp	10.7 bp −$11	doesn't fit	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	−0.1001%	8h	92.220	−0.001%	$16.2M	$34.6M	25x	as long as short
Vest CRCL-USD-PERP	−0.0074%	1h	91.970	−0.272%	—	$31K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	92.080	−0.153%	$908K	$501K	10x	as long as short
Aster CRCLUSDT	0.0000%	8h	92.168	−0.058%	$1.1M	$4.9M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.183	−0.041%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	92.180	−0.044%	$105.1M	$386.0M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.200	−0.023%	$15.2M	$25.9M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.208	−0.015%	$421K	$298K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.210	−0.012%	$7.2M	$27.0M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.126	−0.103%	$2.5M	$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	92.034	−0.203%	$68K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	92.160	−0.066%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0006%	8h	92.180	−0.044%	$21.6M	$59.9M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0023%	1h	92.065	−0.169%	$2K	$24K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	92.180	−0.044%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCLlong	+0.0032%	1h	92.221	long leg	$978K	$2.9M	10x
Arcus CRCL-USD	+0.0040%	1h	92.050	−0.185%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCLshort	+0.0050%	1h	92.135	−0.093%	$68.7M	$41.4M	10x
Polymarket Perps CRCL-USD	+0.0050%	1h	92.150	−0.077%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	92.117	−0.113%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.020	−0.218%	$1.0M	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0081%	8h	92.203	−0.020%	$756	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	92.199	−0.023%	$133K	$156K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.170	−0.055%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.000	−0.240%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.140	−0.088%	$919	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.169	−0.056%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	92.180	−0.044%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0183%	1h	92.176	−0.049%	$27K	$84K	10x	as long as short
Lighter CRCL	+0.0208%	1h	92.219	−0.002%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0218%	1h	92.147	−0.080%	$131K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0401%	1h	92.170	−0.055%	$4K	$767K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.530	+0.335%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0747%	4h	91.992	−0.248%	$23K	$249K	10x	as long as short