CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.078%

Price spread now: Lighter RH against RISEx−0.011%7-day average −0.007% · you buy dearer than you sell

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−$130.132% of the position

Long on RISEx Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.264%−$26 on $10k

Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.011%, 7d avg −0.007%

Together, before fees+0.018%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.264%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	91.580	0	get 0.0000% / 1h	33m 25s	$416K	$299K	10x
Short	Lighter RH CRCL	91.570	0.0032	get 0.0004% / 1h	33m 25s	$971K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against RISEx. 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 RISExbpFee Lighter RHbpOrdersPrice spread, now −0.011%Rate

Funding earned: $6.72
Price spread: −0.011% → −0.007%: −$0.37
Slippage, 4 orders: −$7.21
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$6.86
Costs to cover: 0.132%
Break-even: 14.1 days

Slippage from RISEx: live order book, 25 min ago; Lighter RH: live order book, 5 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 RISEx live order book, 25 min ago	1.09 bp	4.1 bp −$4	6.0 bp −$60	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	2.23 bp	2.3 bp −$2	5.7 bp −$57	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	−0.1035%	8h	91.670	+0.098%	$16.2M	$34.9M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.320	−0.284%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	91.580	0.000%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.537	−0.047%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	91.612	+0.035%	$104.3M	$388.9M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.640	+0.066%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDClong	0.0000%	1h	91.580	long leg	$416K	$299K	10x
Gate CRCL_USDT	0.0000%	8h	91.650	+0.076%	$7.2M	$27.1M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.439	−0.154%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.541	−0.043%	$65K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	91.460	−0.131%	$1.0M	$49K	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0011%	8h	91.650	+0.076%	$21.9M	$60.8M	50x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.500	−0.087%	$903K	$489K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	91.550	−0.033%	$1.3M	$2.0M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0029%	1h	91.617	+0.040%	$2K	$24K	5x	as long as short
Lighter RH CRCLshort	+0.0032%	1h	91.570	−0.011%	$971K	$2.9M	10x
Arcus CRCL-USD	+0.0040%	1h	91.530	−0.055%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.554	−0.028%	$68.3M	$41.6M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.551	−0.032%	$357K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.444	−0.149%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	−0.186%	$992K	$5.1M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0086%	8h	91.538	−0.046%	$421	$905	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.529	−0.055%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.600	+0.022%	$2.7M	$2.0M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.500	−0.087%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.610	+0.033%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.592	+0.013%	$4	—	10x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	91.550	−0.033%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	91.525	−0.060%	$27K	$83K	10x	as long as short
Lighter CRCL	+0.0152%	1h	91.574	−0.007%	$2.9M	$2.4M	10x	as long as short
edgeX CRCLUSDC	+0.0281%	4h	91.498	−0.090%	$51K	$276K	10x	as long as short
Nado CRCL-PERP	+0.0290%	1h	91.483	−0.106%	$130K	$104K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0406%	1h	91.460	−0.131%	$4K	$767K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	+0.557%	$5K	$19K	30x	as long as short