CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0166%/8h= −18.2% APRnext payment −$0.21 per $10,000 · paid last 24h −0.064%

Price spread now: SoDEX against Lighter−0.027%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 SoDEX

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SoDEX is 0.027% cheaper against Lighter than usual: you would sell low and buy high (−$3 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	92.156	0.0216	pay 0.0027% / 1h	9m 54s	$3.0M	$2.4M	10x
Short	SoDEX CRCL-USD	92.131	0.0050	get 0.0006% / 1h	9m 54s	$46K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$34.86
Price spread: −0.027% → 0.000%: −$2.71
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$45.57
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 2 min ago; SoDEX: 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, 2 min ago	1.36 bp	2.9 bp −$3	7.9 bp −$79	34.9 bp −$3,488	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0913%	8h	92.210	+0.059%	$16.6M	$35.2M	25x	as long as short
Vest CRCL-USD-PERP	−0.0069%	1h	91.870	−0.310%	—	$31K	25x	as long as short
Aster CRCLUSDT	0.0000%	8h	92.090	−0.072%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	92.142	−0.015%	$1.1M	$5.7M	10x	as long as short
Binance CRCLUSDT	0.0000%	8h	92.158	+0.003%	$105.0M	$390.1M	50x	as long as short
Bybit CRCLUSDT	0.0000%	8h	92.170	+0.015%	$14.9M	$26.4M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	92.105	−0.055%	$419K	$299K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	92.220	+0.069%	$7.3M	$27.4M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	92.128	−0.030%	$2.5M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	92.052	−0.112%	$64K	$1.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRCLUSDT	0.0000%	4h	92.150	−0.007%	$1.0M	$49K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0016%	1h	91.990	−0.180%	$908K	$491K	10x	as long as short
QFEX CRCL-USD	+0.0028%	1h	92.070	−0.093%	$1.3M	$2.0M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	92.162	+0.007%	$977K	$2.9M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0036%	1h	92.003	−0.166%	$2K	$25K	5x	as long as short
OKX CRCL-USDT-SWAP	+0.0037%	8h	92.190	+0.037%	$22.3M	$61.5M	50x	as long as short
Arcus CRCL-USD	+0.0040%	1h	92.020	−0.148%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	92.090	−0.072%	$68.6M	$41.8M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	92.082	−0.080%	$359K	$1.1M	10x	as long as short
SoDEX CRCL-USDshort	+0.0050%	1h	92.131	−0.027%	$46K	$3K	10x
Ondo Perps CRCL-USD.P	+0.0050%	1h	92.000	−0.169%	$1.0M	$5.2M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	92.050	−0.115%	$135K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	92.090	−0.072%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.990	−0.180%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	92.150	−0.007%	$919	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	92.140	−0.017%	$4	—	10x	as long as short
Paradex CRCL-USD-PERP	+0.0112%	8h	92.079	−0.084%	$424	$905	5x	as long as short
BloFin CRCL-USDT	+0.0120%	8h	92.100	−0.061%	$1.1M	$1.3M	20x	as long as short
Phoenix CRCL	+0.0148%	1h	92.044	−0.122%	$27K	$83K	10x	as long as short
Lighter CRCLlong	+0.0216%	1h	92.156	long leg	$3.0M	$2.4M	10x
edgeX CRCLUSDC	+0.0223%	4h	91.994	−0.175%	$51K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0311%	1h	92.026	−0.141%	$131K	$104K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.560	+0.438%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0728%	1h	92.150	−0.007%	$4K	$767K	10x	as long as short