CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0160%/8h= +17.5% APRnext payment +$0.20 per $10,000 · paid last 24h +0.044%

Price spread now: Injective against Lighter+0.658%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.658% dearer against Lighter than usual: you sell high and buy low: +$66 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRCL	91.945	0.0280	pay 0.0035% / 1h	44m 43s	$3.0M	$2.4M	10x
Short	Injective CRCL/USDC PERP	92.550	0.0440	get 0.0055% / 1h	44m 43s	$5K	$19K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.658%Rate

Funding earned: $33.6
Price spread: +0.658% → 0.000%: $65.8
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $99.38
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 7 min ago; Injective: 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	1.96 bp	2.5 bp −$2	10.5 bp −$105	37.2 bp −$3,721	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0697%	8h	91.970	+0.027%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0068%	1h	91.700	−0.266%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.920	−0.027%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.980	+0.038%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.979	+0.037%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.960	+0.016%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0010%	8h	91.993	+0.052%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.898	−0.051%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0016%	8h	91.931	−0.015%	$104.7M	$390.8M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0040%	1h	91.940	−0.006%	$2K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus CRCL-USD	+0.0040%	1h	91.940	−0.005%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	−0.060%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.858	−0.095%	$68.2M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.903	−0.046%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.928	−0.018%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.900	−0.049%	$1.0M	$5.2M	10x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.920	−0.027%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0068%	8h	92.019	+0.081%	$70K	$1.1M	10x	as long as short
BloFin CRCL-USDT	+0.0068%	8h	92.010	+0.071%	$1.1M	$1.4M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0071%	8h	91.950	+0.005%	$22.3M	$61.6M	50x	as long as short
Lighter RH CRCL	+0.0072%	1h	91.935	−0.011%	$974K	$2.9M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.914	−0.033%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.930	−0.016%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.920	−0.027%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.920	−0.027%	$916	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.915	−0.033%	$4	—	10x	as long as short
RISEx CRCL/USDC	+0.0107%	1h	91.970	+0.027%	$418K	$299K	10x	as long as short
Paradex CRCL-USD-PERP	+0.0130%	8h	91.937	−0.008%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.939	−0.007%	$27K	$82K	10x	as long as short
Lighter CRCLlong	+0.0280%	1h	91.945	long leg	$3.0M	$2.4M	10x
Nado CRCL-PERP	+0.0385%	1h	91.856	−0.097%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERPshort	+0.0440%	1h	92.550	+0.658%	$5K	$19K	30x
edgeX CRCLUSDC	+0.0529%	4h	92.039	+0.102%	$51K	$277K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0730%	1h	91.960	+0.016%	$4K	$768K	10x	as long as short