Funding you earn now, next payment 05:00 UTC+0.0713%/8h= +78.1% APRpaid last 24h −0.046%
Price spread now: Lighter RH against Bitget−0.119%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 7 days−0.259%−$26 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now −0.119%, 7d avg −0.029%
=Together, before fees−0.172%+ Points / potential airdropLighter RH: Points live · farm board−$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter RH is 0.090% cheaper against Bitget than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.029%). If the spread goes back, that is −$9 on $10k: about 10 hours of funding at the current rate (+$21 a day). Mind the row above: over the last 7 days funding on this pair cost −0.259%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.259% in total (about -13.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CRCLUSDT | 91.920 | −0.0681 | get 0.0681% / 8h | 3h 07m | $16.6M | $35.8M | 25x |
| Short | Lighter RH CRCL | 91.811 | 0.0032 | get 0.0004% / 1h | 7m 29s | $973K | $2.9M | 10x |
Bitget CRCLUSDT
Lighter RH CRCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bitget. 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
- $149.73
- Price spread: −0.119% → −0.029%
- −$8.96
- Slippage, 4 orders
- −$12.82
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $115.95
- Costs to cover
- 0.248%
- Break-even
- 1.6 days
Slippage from Bitget: live order book, 1 min ago; Lighter RH: live order book, 6 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 Bitget live order book, 1 min ago | 1.09 bp | 8.9 bp −$9 | 15.6 bp −$156 | 46.5 bp −$4,646 | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 3.21 bp | 3.2 bp −$3 | 4.9 bp −$49 | 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 CRCLUSDTlong | −0.0681% | 8h | 91.920 | long leg | $16.6M | $35.8M | 25x | |
| Vest CRCL-USD-PERP | −0.0062% | 1h | 91.580 | −0.370% | — | $31K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.850 | −0.076% | $14.8M | $26.7M | 50x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.920 | 0.000% | $7.4M | $27.5M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.848 | −0.078% | $2.4M | $3.2M | — | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.790 | −0.141% | $1.0M | $48K | 10x | as long as short |
| Aster CRCLUSDT | +0.0012% | 8h | 91.849 | −0.077% | $1.1M | $5.0M | 20x | as long as short |
| Binance CRCLUSDT | +0.0021% | 8h | 91.860 | −0.065% | $104.7M | $392.7M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0024% | 1h | 91.845 | −0.082% | $1.2M | $5.6M | 10x | as long as short |
| Lighter RH CRCLshort | +0.0032% | 1h | 91.811 | −0.119% | $973K | $2.9M | 10x |
Vest CRCL-USD-PERP
Bybit CRCLUSDT
Gate CRCL_USDT
Variational Omni CRCL
Phemex CRCLUSDT
Aster CRCLUSDT
Binance CRCLUSDT
Extended CRCL_24_5-USDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps CRCLUSD | +0.0039% | 1h | 91.821 | −0.108% | $2K | $26K | 5x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.800 | −0.131% | $93K | $272K | 10x | as long as short |
| Coinbase International CRCL-PERP-INTX | +0.0048% | 1h | 91.770 | −0.163% | $914K | $522K | 10x | as long as short |
| tradeXYZ xyz:CRCL | +0.0050% | 1h | 91.778 | −0.154% | $68.1M | $42.3M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0050% | 1h | 91.827 | −0.101% | $388K | $1.2M | 10x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.788 | −0.144% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.650 | −0.294% | $1.0M | $5.1M | 10x | as long as short |
| QFEX CRCL-USD | +0.0060% | 1h | 91.820 | −0.109% | $1.3M | $1.9M | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0072% | 8h | 91.815 | −0.114% | $422 | $905 | 5x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0084% | 8h | 91.800 | −0.131% | $70K | $1.1M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0089% | 8h | 91.800 | −0.131% | $1.1M | $1.6M | 20x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0096% | 8h | 91.890 | −0.033% | $22.3M | $61.8M | 50x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.829 | −0.099% | $136K | $160K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.860 | −0.065% | $2.7M | $1.9M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.740 | −0.196% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.760 | −0.174% | $915 | $2K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.756 | −0.179% | $4 | — | 10x | as long as short |
| RISEx CRCL/USDC | +0.0107% | 1h | 91.872 | −0.052% | $418K | $299K | 10x | as long as short |
| Phoenix CRCL | +0.0182% | 1h | 91.797 | −0.134% | $27K | $82K | 10x | as long as short |
| Lighter CRCL | +0.0248% | 1h | 91.804 | −0.126% | $3.0M | $2.4M | 10x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0295% | 1h | 91.750 | −0.185% | $4K | $768K | 10x | as long as short |
| Nado CRCL-PERP | +0.0347% | 1h | 91.724 | −0.213% | $133K | $108K | 3x | as long as short |
| Injective CRCL/USDC PERP | +0.0440% | 1h | 92.360 | +0.479% | $5K | $19K | 30x | as long as short |
| edgeX CRCLUSDC | +0.0757% | 4h | 91.849 | −0.077% | $51K | $276K | 10x | as long as short |
Aftermath Perps CRCLUSD
Arcus CRCL-USD
Coinbase International CRCL-PERP-INTX
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.P
QFEX CRCL-USD
Paradex CRCL-USD-PERP
GRVT CRCL_USDT_Perp
BloFin CRCL-USDT
OKX CRCL-USDT-SWAP
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
RISEx CRCL/USDC
Phoenix CRCL
Lighter CRCL
Deribit CRCL_USDC-PERPETUAL
Nado CRCL-PERP
Injective CRCL/USDC PERP
edgeX CRCLUSDC