Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter RH against Polymarket Perps+0.044%7-day average +0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$200.200% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now +0.044%, 7d avg +0.103%
=Together, before fees+0.004%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.059% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.103%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps CRCL-USD | 91.086 | 0.0050 | pay 0.0006% / 1h | 49m 14s | $353K | $1.1M | 10x |
| Short | Lighter RH CRCL | 91.126 | 0.0032 | get 0.0004% / 1h | 49m 14s | $969K | $2.9M | 10x |
Polymarket Perps CRCL-USD
Lighter RH CRCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.78
- Price spread: +0.044% → +0.103%
- −$5.92
- Slippage, 4 orders
- −$11.97
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$29.66
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; Lighter RH: live order book, 4 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 Polymarket Perps live order book, 4 min ago | 2.13 bp | 6.1 bp −$6 | 6.3 bp −$63 | 8.9 bp −$889 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 3.28 bp | 3.3 bp −$3 | 6.6 bp −$66 | 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 | −0.1192% | 8h | 91.160 | +0.081% | $15.6M | $34.5M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0076% | 1h | 90.870 | −0.237% | — | $35K | 25x | as long as short |
| Coinbase International CRCL-PERP-INTX | −0.0016% | 1h | 91.160 | +0.081% | $900K | $539K | 10x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.100 | +0.015% | $14.9M | $25.7M | 50x | as long as short |
| RISEx CRCL/USDC | 0.0000% | 1h | 91.110 | +0.026% | $416K | $297K | 10x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.140 | +0.059% | $7.0M | $26.4M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.307 | +0.243% | $2.4M | $3.2M | — | as long as short |
| GRVT CRCL_USDT_Perp | 0.0000% | 8h | 91.340 | +0.279% | $66K | $1.1M | 10x | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.100 | +0.015% | $1.0M | $49K | 10x | as long as short |
| Binance CRCLUSDT | +0.0014% | 8h | 91.086 | +0.001% | $103.5M | $383.6M | 50x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Coinbase International CRCL-PERP-INTX
Bybit CRCLUSDT
RISEx CRCL/USDC
Gate CRCL_USDT
Variational Omni CRCL
GRVT CRCL_USDT_Perp
Phemex CRCLUSDT
Binance CRCLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended CRCL_24_5-USD | +0.0016% | 1h | 91.052 | −0.037% | $1.1M | $5.7M | 10x | as long as short |
| Aster CRCLUSDT | +0.0021% | 8h | 91.076 | −0.011% | $1.1M | $4.9M | 20x | as long as short |
| Aftermath Perps CRCLUSD | +0.0022% | 1h | 91.379 | +0.321% | $2K | $23K | 5x | as long as short |
| QFEX CRCL-USD | +0.0023% | 1h | 91.100 | +0.015% | $1.3M | $2.2M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0027% | 8h | 91.100 | +0.015% | $21.4M | $58.9M | 50x | as long as short |
| Lighter RH CRCLshort | +0.0032% | 1h | 91.126 | +0.044% | $969K | $2.9M | 10x | |
| Arcus CRCL-USD | +0.0040% | 1h | 91.320 | +0.257% | $93K | $271K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.042 | −0.048% | $68.2M | $41.1M | 10x | as long as short |
| Polymarket Perps CRCL-USDlong | +0.0050% | 1h | 91.086 | long leg | $353K | $1.1M | 10x | |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.093 | +0.008% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.160 | +0.081% | $973K | $5.1M | 10x | as long as short |
| edgeX CRCLUSDC | +0.0055% | 4h | 91.376 | +0.319% | $23K | $267K | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0070% | 8h | 91.133 | +0.051% | $747 | $740 | 5x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.118 | +0.035% | $132K | $157K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.190 | +0.114% | $2.8M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.500 | +0.455% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.070 | −0.018% | $908 | $2K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.056 | −0.033% | $4 | — | 10x | as long as short |
| Phoenix CRCL | +0.0183% | 1h | 91.079 | −0.008% | $27K | $84K | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0189% | 1h | 91.090 | +0.004% | $4K | $767K | 10x | as long as short |
| Nado CRCL-PERP | +0.0202% | 1h | 91.154 | +0.075% | $130K | $103K | 3x | as long as short |
| Lighter CRCL | +0.0280% | 1h | 91.137 | +0.056% | $2.9M | $2.4M | 10x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 91.820 | +0.806% | $5K | $19K | 30x | as long as short |
Extended CRCL_24_5-USD
Aster CRCLUSDT
Aftermath Perps CRCLUSD
QFEX CRCL-USD
OKX CRCL-USDT-SWAP
Arcus CRCL-USD
tradeXYZ xyz:CRCL
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
edgeX CRCLUSDC
Paradex CRCL-USD-PERP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Phoenix CRCL
Deribit CRCL_USDC-PERPETUAL
Nado CRCL-PERP
Lighter CRCL
Injective CRCL/USDC PERP