CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0340%/8h= −37.2% APRnext payment −$0.42 per $10,000 · paid last 24h −0.059%

Price spread now: Pacifica against Lighter−0.077%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.576%−$58 on $10k

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Pacifica is 0.077% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter CRCL	94.773	0.0440	pay 0.0055% / 1h	41m 30s	$3.1M	$2.2M	10x
Short	Pacifica CRCL	94.700	0.0100	get 0.0013% / 1h	41m 30s	$76K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.077%Rate

Funding earned: −$71.4
Price spread: −0.077% → 0.000%: −$7.7
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$87.1
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 min ago; Pacifica: 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, 6 min ago	1.22 bp	2.8 bp −$3	9.3 bp −$93	35.9 bp −$3,587	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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
Gate CRCL_USDT	0.0000%	8h	94.740	−0.035%	$7.2M	$27.6M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	94.770	−0.003%	$1.0M	$51K	10x	as long as short
QFEX CRCL-USD	+0.0022%	1h	94.730	−0.045%	$1.4M	$2.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0032%	1h	94.630	−0.151%	$941K	$724K	10x	as long as short
Vest CRCL-USD-PERP	+0.0046%	1h	94.760	−0.014%	—	$45K	25x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	94.694	−0.083%	$48K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	94.720	−0.056%	$1.1M	$5.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0052%	1h	94.715	−0.061%	$2K	$21K	5x	as long as short
Polymarket Perps CRCL-USD	+0.0061%	1h	94.732	−0.043%	$367K	$1.1M	10x	as long as short
Lighter RH CRCL	+0.0080%	1h	94.756	−0.018%	$894K	$2.9M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRCLshort	+0.0100%	1h	94.700	−0.077%	$76K	$99K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	94.720	−0.056%	$3.0M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	94.720	−0.056%	$70K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	94.750	−0.024%	$945	$3K	10x	as long as short
Bybit CRCLUSDT	+0.0104%	8h	94.730	−0.045%	$15.6M	$25.9M	50x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	94.728	−0.048%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0122%	8h	94.663	−0.116%	$2.5M	$3.1M	—	as long as short
Paradex CRCL-USD-PERP	+0.0134%	8h	94.724	−0.052%	$777	$740	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0177%	8h	94.871	+0.103%	$61K	$1.1M	10x	as long as short
Extended CRCL_24_5-USD	+0.0192%	1h	94.716	−0.060%	$1.1M	$3.8M	10x	as long as short
Binance CRCLUSDT	+0.0193%	8h	94.741	−0.033%	$109.5M	$390.0M	50x	as long as short
Aster CRCLUSDT	+0.0205%	8h	94.764	−0.009%	$1.1M	$4.9M	20x	as long as short
OKX CRCL-USDT-SWAP	+0.0206%	8h	94.750	−0.024%	$22.9M	$60.7M	50x	as long as short
edgeX CRCLUSDC	+0.0223%	4h	94.814	+0.043%	$24K	$269K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0264%	1h	94.685	−0.093%	$71.1M	$42.9M	10x	as long as short
Phoenix CRCL	+0.0288%	1h	94.878	+0.111%	$28K	$92K	10x	as long as short
BloFin CRCL-USDT	+0.0306%	8h	94.830	+0.060%	$1.1M	$595K	20x	as long as short
Nado CRCL-PERP	+0.0306%	1h	94.657	−0.123%	$127K	$73K	3x	as long as short
Bitget CRCLUSDT	+0.0315%	8h	94.740	−0.035%	$16.9M	$35.4M	25x	as long as short
Lighter CRCLlong	+0.0440%	1h	94.773	long leg	$3.1M	$2.2M	10x
Injective CRCL/USDC PERP	+0.0440%	1h	95.560	+0.830%	$5K	$19K	30x	as long as short
Arcus CRCL-USD	+0.0533%	1h	94.710	−0.066%	$97K	$275K	10x	as long as short
RISEx CRCL/USDC	+0.0534%	1h	94.728	−0.047%	$432K	$312K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0701%	1h	94.740	−0.035%	$4K	$772K	10x	as long as short