CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.005%

Price spread now: Ondo Perps against Lighter RH−0.083%7-day average −0.144% · you buy dearer than you sell

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

Long on Lighter RH Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days−0.786%−$79 · spread now −0.083%, 7d avg −0.144%

Together, before fees−0.783%+ Points / potential airdropLighter RH: Points live · Ondo Perps: Active · farm board−$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.062% dearer against Lighter RH than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRCL	93.207	0.0032	pay 0.0004% / 1h	59m 39s	$1.0M	$2.5M	10x
Short	Ondo Perps CRCL-USD.P	93.130	0.0100	get 0.0013% / 1h	59m 39s	$1.0M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Lighter RHbpFee Ondo PerpsbpOrdersPrice spread, now −0.083%Rate

Funding earned: $14.28
Price spread: −0.083% → −0.144%: $6.16
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $15.44
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 1 min ago; Ondo 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 RH live order book, 1 min ago	2.63 bp	3.2 bp −$3	5.9 bp −$59	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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 exchanges

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
Vest CRCL-USD-PERP	−0.0019%	1h	92.860	−0.372%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.240	+0.035%	$15.1M	$25.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.250	+0.046%	$18.3M	$33.5M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.170	−0.040%	$1.0M	$45K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0008%	1h	92.990	−0.233%	$861K	$702K	10x	as long as short
Lighter RH CRCLlong	+0.0032%	1h	93.207	long leg	$1.0M	$2.5M	10x
Aftermath Perps CRCLUSD	+0.0042%	1h	92.917	−0.311%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	93.153	−0.058%	$68.1M	$40.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.164	−0.046%	$383K	$847K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	93.113	−0.101%	$47K	$3K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0080%	1h	92.980	−0.244%	$1.3M	$1.6M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	93.138	−0.074%	$139K	$141K	10x	as long as short
Ondo Perps CRCL-USD.Pshort	+0.0100%	1h	93.130	−0.083%	$1.0M	$3.8M	10x
KuCoin CRCLUSDTM	+0.0100%	8h	93.130	−0.083%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.870	−0.362%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.160	−0.050%	$929	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.200	−0.008%	$4	—	10x	as long as short
Gate CRCL_USDT	+0.0123%	8h	93.300	+0.100%	$7.5M	$25.1M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0133%	8h	93.190	−0.018%	$429	$477	5x	as long as short
Phoenix CRCL	+0.0199%	1h	92.945	−0.281%	$27K	$66K	10x	as long as short
edgeX CRCLUSDC	+0.0201%	4h	92.956	−0.270%	$53K	$269K	10x	as long as short
Lighter CRCL	+0.0248%	1h	93.281	+0.079%	$3.0M	$2.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0287%	1h	93.170	−0.040%	$5K	$454K	10x	as long as short
Variational Omni CRCL	+0.0309%	8h	92.973	−0.251%	$2.5M	$3.3M	—	as long as short
Nado CRCL-PERP	+0.0314%	1h	93.171	−0.039%	$153K	$92K	3x	as long as short
OKX CRCL-USDT-SWAP	+0.0340%	8h	93.200	−0.008%	$23.1M	$57.3M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	93.140	−0.072%	$94K	$214K	10x	as long as short
Aster CRCLUSDT	+0.0386%	8h	93.140	−0.072%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USD	+0.0392%	1h	93.169	−0.041%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0396%	8h	93.210	+0.003%	$107.8M	$354.0M	50x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.090	−1.198%	$38K	$172K	30x	as long as short
BloFin CRCL-USDT	+0.0508%	8h	93.070	−0.147%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0528%	1h	93.180	−0.029%	$418K	$239K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0805%	8h	93.020	−0.201%	$62K	$1.0M	10x	as long as short