Funding you earn now, next payment 07:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h −0.050%
Price spread now: Lighter against Injective−0.584%96s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.584% cheaper against Injective than usual: you would sell low and buy high (−$58 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective CRCL/USDC PERP | 91.930 | 0.0440 | pay 0.0055% / 1h | 51m 31s | $5K | $19K | 30x |
| Short | Lighter CRCL | 91.393 | 0.0368 | get 0.0046% / 1h | 51m 31s | $2.9M | $2.4M | 10x |
Injective CRCL/USDC PERP
Lighter CRCLFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Injective. 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
- −$15.12
- Price spread: −0.584% → 0.000%
- −$58.41
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$73.55
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Lighter: live order book, 6 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 Injective no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 2.46 bp | 2.6 bp −$3 | 9.0 bp −$90 | 40.7 bp −$4,067 | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CRCLUSDT | −0.0737% | 8h | 91.460 | −0.511% | $17.4M | $37.0M | 25x | as long as short |
| Vest CRCL-USD-PERP | −0.0083% | 1h | 91.110 | −0.892% | — | $31K | 25x | as long as short |
| Bybit CRCLUSDT | 0.0000% | 8h | 91.390 | −0.587% | $14.7M | $26.7M | 50x | as long as short |
| Gate CRCL_USDT | 0.0000% | 8h | 91.420 | −0.555% | $7.8M | $27.4M | 50x | as long as short |
| Variational Omni CRCL | 0.0000% | 8h | 91.489 | −0.480% | $2.4M | $3.2M | — | as long as short |
| Phemex CRCLUSDT | 0.0000% | 4h | 91.430 | −0.544% | $1.0M | $48K | 10x | as long as short |
| Arcus CRCL-USD | +0.0040% | 1h | 91.400 | −0.577% | $93K | $289K | 10x | as long as short |
| Aftermath Perps CRCLUSD | +0.0041% | 1h | 91.391 | −0.587% | $2K | $27K | 5x | as long as short |
| SoDEX CRCL-USD | +0.0050% | 1h | 91.338 | −0.644% | $46K | $3K | 10x | as long as short |
| Ondo Perps CRCL-USD.P | +0.0050% | 1h | 91.290 | −0.696% | $1.1M | $5.2M | 10x | as long as short |
Bitget CRCLUSDT
Vest CRCL-USD-PERP
Bybit CRCLUSDT
Gate CRCL_USDT
Variational Omni CRCL
Phemex CRCLUSDT
Arcus CRCL-USD
Aftermath Perps CRCLUSD
SoDEX CRCL-USD
Ondo Perps CRCL-USD.PShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International CRCL-PERP-INTX | +0.0056% | 1h | 91.470 | −0.500% | $891K | $605K | 10x | as long as short |
| Aster CRCLUSDT | +0.0066% | 8h | 91.395 | −0.582% | $1.0M | $5.1M | 20x | as long as short |
| QFEX CRCL-USD | +0.0068% | 1h | 91.360 | −0.620% | $1.3M | $1.8M | 10x | as long as short |
| Binance CRCLUSDT | +0.0080% | 8h | 91.366 | −0.614% | $104.5M | $397.4M | 50x | as long as short |
| Extended CRCL_24_5-USD | +0.0080% | 1h | 91.335 | −0.647% | $1.0M | $5.7M | 10x | as long as short |
| Lighter RH CRCL | +0.0088% | 1h | 91.385 | −0.593% | $976K | $2.7M | 10x | as long as short |
| Pacifica CRCL | +0.0100% | 1h | 91.330 | −0.653% | $134K | $159K | 10x | as long as short |
| KuCoin CRCLUSDTM | +0.0100% | 8h | 91.400 | −0.577% | $2.7M | $1.8M | 20x | as long as short |
| ApeX Omni CRCLUSDT | +0.0100% | 1h | 91.330 | −0.653% | $67K | $4K | 50x | as long as short |
| Orderly PERP_CRCL_USDC_mythos | +0.0100% | 8h | 91.350 | −0.631% | $911 | $2K | 10x | as long as short |
| Aevo CRCL-PERP | +0.0104% | 1h | 91.349 | −0.632% | $4 | — | 10x | as long as short |
| Paradex CRCL-USD-PERP | +0.0167% | 8h | 91.347 | −0.634% | $420 | $905 | 5x | as long as short |
| GRVT CRCL_USDT_Perp | +0.0173% | 8h | 91.430 | −0.544% | $65K | $1.1M | 10x | as long as short |
| OKX CRCL-USDT-SWAP | +0.0177% | 8h | 91.400 | −0.577% | $22.2M | $62.6M | 50x | as long as short |
| tradeXYZ xyz:CRCL | +0.0183% | 1h | 91.300 | −0.685% | $67.6M | $44.3M | 10x | as long as short |
| Polymarket Perps CRCL-USD | +0.0190% | 1h | 91.373 | −0.606% | $383K | $1.3M | 10x | as long as short |
| BloFin CRCL-USDT | +0.0197% | 8h | 91.390 | −0.587% | $1.1M | $1.6M | 20x | as long as short |
| edgeX CRCLUSDC | +0.0226% | 4h | 91.425 | −0.550% | $52K | $277K | 10x | as long as short |
| Phoenix CRCL | +0.0245% | 1h | 91.374 | −0.605% | $27K | $82K | 10x | as long as short |
| RISEx CRCL/USDC | +0.0271% | 1h | 91.375 | −0.604% | $416K | $271K | 10x | as long as short |
| Lighter CRCLshort | +0.0368% | 1h | 91.393 | −0.584% | $2.9M | $2.4M | 10x | |
| Injective CRCL/USDC PERPlong | +0.0440% | 1h | 91.930 | long leg | $5K | $19K | 30x | |
| Nado CRCL-PERP | +0.0459% | 1h | 91.285 | −0.702% | $134K | $109K | 3x | as long as short |
| Deribit CRCL_USDC-PERPETUAL | +0.0517% | 1h | 91.340 | −0.642% | $5K | $769K | 10x | as long as short |
Coinbase International CRCL-PERP-INTX
Aster CRCLUSDT
QFEX CRCL-USD
Binance CRCLUSDT
Extended CRCL_24_5-USD
Lighter RH CRCL
Pacifica CRCL
KuCoin CRCLUSDTM
ApeX Omni CRCLUSDT
Orderly PERP_CRCL_USDC_mythos
Aevo CRCL-PERP
Paradex CRCL-USD-PERP
GRVT CRCL_USDT_Perp
OKX CRCL-USDT-SWAP
tradeXYZ xyz:CRCL
Polymarket Perps CRCL-USD
BloFin CRCL-USDT
edgeX CRCLUSDC
Phoenix CRCL
RISEx CRCL/USDC
Nado CRCL-PERP
Deribit CRCL_USDC-PERPETUAL