CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h +0.020%

Price spread now: Pacifica against Lighter RH−0.120%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on Lighter RH Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.120%, 7d avg −0.035%

Together, before fees+0.153%+ Points / potential airdropLighter RH: Points live · Pacifica: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.086% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of −0.035%). If the spread goes back, that is −$9 on $10k: about 4.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH CRCL	91.562	0.0032	pay 0.0004% / 1h	26m 38s	$977K	$2.7M	10x
Short	Pacifica CRCL	91.452	0.0100	get 0.0013% / 1h	26m 38s	$134K	$159K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter RH. 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 Lighter RHbpFee PacificabpOrdersPrice spread, now −0.120%Rate

Funding earned: $14.28
Price spread: −0.120% → −0.035%: −$8.57
Slippage, 4 orders: −$55.61
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$57.9
Costs to cover: 0.636%
Break-even: 35.4 days

Slippage from Lighter RH: live order book, 1 min ago; Pacifica: live order book, 62 min ago.

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	2.95 bp	3.1 bp −$3	9.5 bp −$95	doesn't fit	doesn't fit
Sell Pacifica live order book, 62 min ago	18.69 bp	26.5 bp −$27	doesn't fit	doesn't fit	doesn't fit

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	−0.0690%	8h	91.590	+0.031%	$17.5M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0088%	1h	91.200	−0.395%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.550	−0.013%	$14.7M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.540	−0.024%	$7.8M	$27.5M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.369	−0.211%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.470	−0.100%	$1.0M	$48K	10x	as long as short
Lighter RH CRCLlong	+0.0032%	1h	91.562	long leg	$977K	$2.7M	10x
Aftermath Perps CRCLUSD	+0.0037%	1h	91.315	−0.270%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.400	−0.177%	$95K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.473	−0.097%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.410	−0.166%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.200	−0.395%	$888K	$603K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.550	−0.013%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0073%	1h	91.487	−0.082%	$67.7M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0088%	8h	91.549	−0.014%	$1.0M	$5.1M	20x	as long as short
Pacifica CRCLshort	+0.0100%	1h	91.452	−0.120%	$134K	$159K	10x
KuCoin CRCLUSDTM	+0.0100%	8h	91.460	−0.111%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.360	−0.221%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.500	−0.068%	$912	$2K	10x	as long as short
Binance CRCLUSDT	+0.0101%	8h	91.524	−0.041%	$104.5M	$397.4M	50x	as long as short
Extended CRCL_24_5-USD	+0.0104%	1h	91.515	−0.052%	$1.0M	$5.0M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.494	−0.074%	$4	—	10x	as long as short
Polymarket Perps CRCL-USD	+0.0127%	1h	91.479	−0.091%	$383K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0153%	8h	91.528	−0.037%	$421	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0187%	8h	91.389	−0.189%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0198%	8h	91.590	+0.031%	$22.3M	$62.6M	50x	as long as short
BloFin CRCL-USDT	+0.0220%	8h	91.470	−0.100%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.318	−0.266%	$27K	$82K	10x	as long as short
RISEx CRCL/USDC	+0.0271%	1h	91.517	−0.049%	$417K	$268K	10x	as long as short
Lighter CRCL	+0.0272%	1h	91.573	+0.012%	$2.9M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0402%	1h	91.432	−0.142%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0406%	1h	91.500	−0.068%	$5K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.920	+0.391%	$5K	$19K	30x	as long as short
edgeX CRCLUSDC	+0.0466%	4h	91.418	−0.157%	$52K	$276K	10x	as long as short