CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h −0.045%

Price spread now: Aftermath Perps against Lighter+0.133%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Aftermath Perps

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 airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Aftermath Perps is 0.133% dearer against Lighter than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRCL	90.896	0.0208	pay 0.0026% / 1h	25m 42s	$2.9M	$2.4M	10x
Short	Aftermath Perps CRCLUSD	91.016	0.0040	get 0.0005% / 1h	25m 42s	$2K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Lighter. 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 LighterbpFee Aftermath PerpsbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$35.2
Price spread: +0.133% → 0.000%: $13.25
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$30.94
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; Aftermath Perps: no order-book sample. 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 Lighter live order book, 7 min ago	1.59 bp	1.8 bp −$2	8.4 bp −$84	41.7 bp −$4,167	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	−0.0951%	8h	90.970	+0.081%	$16.7M	$36.4M	25x	as long as short
Vest CRCL-USD-PERP	−0.0073%	1h	90.590	−0.337%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	90.950	+0.059%	$14.5M	$26.9M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	90.940	+0.048%	$7.5M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	90.870	−0.029%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	90.870	−0.029%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0009%	8h	90.929	+0.036%	$1.0M	$5.1M	20x	as long as short
Binance CRCLUSDT	+0.0023%	8h	90.942	+0.050%	$103.4M	$395.7M	50x	as long as short
Extended CRCL_24_5-USD	+0.0024%	1h	90.822	−0.081%	$1.0M	$5.7M	10x	as long as short
edgeX CRCLUSDC	+0.0027%	4h	91.211	+0.346%	$52K	$278K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCL	+0.0032%	1h	91.006	+0.121%	$971K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	90.950	+0.059%	$92K	$291K	10x	as long as short
Aftermath Perps CRCLUSDshort	+0.0040%	1h	91.016	+0.133%	$2K	$26K	5x
tradeXYZ xyz:CRCL	+0.0050%	1h	90.806	−0.099%	$67.8M	$43.5M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	90.864	−0.035%	$381K	$1.3M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	90.802	−0.103%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	90.770	−0.139%	$999K	$5.1M	10x	as long as short
QFEX CRCL-USD	+0.0054%	1h	90.880	−0.018%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0072%	1h	90.670	−0.249%	$883K	$586K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0089%	8h	90.838	−0.064%	$418	$905	5x	as long as short
BloFin CRCL-USDT	+0.0096%	8h	90.820	−0.084%	$1.1M	$1.6M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	90.833	−0.069%	$133K	$161K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	90.860	−0.040%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.130	+0.257%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	90.860	−0.040%	$906	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	90.870	−0.029%	$4	—	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0105%	8h	91.230	+0.367%	$62K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0111%	8h	91.000	+0.114%	$22.0M	$61.9M	50x	as long as short
RISEx CRCL/USDC	+0.0117%	1h	90.861	−0.038%	$414K	$294K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0190%	1h	90.880	−0.018%	$4K	$768K	10x	as long as short
Lighter CRCLlong	+0.0208%	1h	90.896	long leg	$2.9M	$2.4M	10x
Phoenix CRCL	+0.0210%	1h	91.148	+0.277%	$27K	$82K	10x	as long as short
Nado CRCL-PERP	+0.0302%	1h	90.845	−0.056%	$132K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.650	+0.830%	$5K	$19K	30x	as long as short