CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.010%

Price spread now: Lighter RH against Vest+0.235%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Lighter RH is 0.235% dearer against Vest than usual: you sell high and buy low (spread +0.235% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 57 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CRCL-USD-PERP	93.330	0.0046	pay 0.0006% / 1h	59m 06s	—	$37K	25x
Short	Lighter RH CRCL	93.549	0.0032	get 0.0004% / 1h	59m 06s	$980K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Vest. 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 VestbpFee Lighter RHbpOrdersPrice spread, now +0.235%Rate

Funding earned: −$2.87
Price spread: +0.235% → 0.000%: $23.47
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $18.59
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 4 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 4 min ago	2.35 bp	2.3 bp −$2	5.1 bp −$51	doesn't fit	doesn't fit

Vest: 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
Coinbase International CRCL-PERP-INTX	−0.0008%	1h	93.500	+0.182%	$935K	$591K	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.510	+0.193%	$15.3M	$25.5M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	93.430	+0.107%	$427K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	93.540	+0.225%	$7.2M	$25.5M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.510	+0.193%	$16.6M	$34.4M	25x	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	93.600	+0.289%	$62K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.550	+0.236%	$1.0M	$49K	10x	as long as short
Lighter RH CRCLshort	+0.0032%	1h	93.549	+0.235%	$980K	$2.9M	10x
Aftermath Perps CRCLUSD	+0.0037%	1h	93.696	+0.392%	$2K	$22K	5x	as long as short
QFEX CRCL-USD	+0.0042%	1h	93.440	+0.118%	$1.3M	$2.5M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest CRCL-USD-PERPlong	+0.0046%	1h	93.330	long leg	—	$37K	25x
SoDEX CRCL-USD	+0.0050%	1h	93.434	+0.111%	$47K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	93.410	+0.086%	$1.0M	$5.6M	10x	as long as short
Variational Omni CRCL	+0.0059%	8h	93.569	+0.256%	$2.5M	$3.1M	—	as long as short
tradeXYZ xyz:CRCL	+0.0083%	1h	93.455	+0.134%	$71.3M	$41.0M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0098%	8h	93.474	+0.155%	$766	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	93.469	+0.149%	$75K	$96K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	93.550	+0.236%	$2.9M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	93.750	+0.450%	$69K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.470	+0.150%	$932	$3K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.529	+0.213%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0117%	1h	93.443	+0.121%	$362K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0121%	8h	93.490	+0.171%	$22.6M	$58.6M	50x	as long as short
Extended CRCL_24_5-USD	+0.0136%	1h	93.487	+0.168%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0137%	8h	93.490	+0.171%	$107.9M	$385.8M	50x	as long as short
Aster CRCLUSDT	+0.0138%	8h	93.407	+0.083%	$1.1M	$4.9M	20x	as long as short
Nado CRCL-PERP	+0.0235%	1h	93.414	+0.090%	$154K	$89K	3x	as long as short
BloFin CRCL-USDT	+0.0257%	8h	93.160	−0.182%	$1.1M	$1.0M	20x	as long as short
Phoenix CRCL	+0.0296%	1h	93.653	+0.346%	$28K	$92K	10x	as long as short
Lighter CRCL	+0.0328%	1h	93.556	+0.242%	$3.0M	$2.3M	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	93.910	+0.621%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0521%	1h	93.640	+0.332%	$96K	$271K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0713%	1h	93.530	+0.214%	$4K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0940%	4h	93.809	+0.513%	$24K	$268K	10x	as long as short