CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0214%/8h= +23.4% APRnext payment +$0.27 per $10,000 · paid last 24h +0.066%

Price spread now: Lighter against Ondo Perps+0.054%7-day average +0.198% · you sell dearer than you buy

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

Long on Ondo Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.690%+$69 on $10k

Price spread, last 7 days+0.763%+$76 · spread now +0.054%, 7d avg +0.198%

Together, before fees+1.453%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$145 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.144% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.054% now, against its 7-day average of +0.198%). If the spread goes back, that is −$14 on $10k: about 2.2 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRCL-USD.P	91.310	0.0050	pay 0.0006% / 1h	33m 19s	$1.1M	$4.8M	10x
Short	Lighter CRCL	91.359	0.0264	get 0.0033% / 1h	33m 19s	$2.9M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Ondo Perps. 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 Ondo PerpsbpFee LighterbpOrdersPrice spread, now +0.054%Rate

Funding earned: $44.86
Price spread: +0.054% → +0.198%: −$14.42
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $25.44
Costs to cover: 0.050%
Break-even: 3.0 days

Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 4 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	2.79 bp	2.9 bp −$3	5.6 bp −$56	38.3 bp −$3,832	doesn't fit

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 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	−0.0247%	8h	91.390	+0.088%	$17.5M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0078%	1h	91.070	−0.263%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.390	+0.088%	$7.8M	$27.4M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.340	+0.033%	$1.0M	$48K	10x	as long as short
Bybit CRCLUSDT	+0.0028%	8h	91.350	+0.044%	$14.8M	$26.5M	50x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.361	+0.056%	$981K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.432	+0.134%	$2K	$28K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.440	+0.142%	$97K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.321	+0.012%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.Plong	+0.0050%	1h	91.310	long leg	$1.1M	$4.8M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.320	+0.011%	$1.3M	$1.8M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.400	+0.099%	$890K	$402K	10x	as long as short
Variational Omni CRCL	+0.0097%	8h	91.457	+0.161%	$2.4M	$3.2M	—	as long as short
Pacifica CRCL	+0.0100%	1h	91.330	+0.022%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.340	+0.033%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.200	−0.120%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.320	+0.011%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.357	+0.052%	$4	—	10x	as long as short
tradeXYZ xyz:CRCL	+0.0118%	1h	91.277	−0.036%	$67.6M	$43.9M	10x	as long as short
edgeX CRCLUSDC	+0.0124%	4h	91.531	+0.243%	$52K	$275K	10x	as long as short
Polymarket Perps CRCL-USD	+0.0158%	1h	91.323	+0.014%	$379K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0162%	8h	91.322	+0.013%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0168%	8h	91.372	+0.067%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0184%	1h	91.325	+0.017%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0184%	8h	91.350	+0.044%	$105.0M	$389.7M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.689	+0.415%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0244%	8h	91.400	+0.099%	$61K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0260%	8h	91.370	+0.066%	$22.2M	$61.7M	50x	as long as short
Lighter CRCLshort	+0.0264%	1h	91.359	+0.054%	$2.9M	$2.4M	10x
BloFin CRCL-USDT	+0.0302%	8h	91.370	+0.066%	$1.1M	$1.7M	20x	as long as short
Nado CRCL-PERP	+0.0426%	1h	91.265	−0.049%	$134K	$109K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.010	+0.767%	$5K	$19K	30x	as long as short
RISEx CRCL/USDC	+0.0466%	1h	91.361	+0.056%	$412K	$273K	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.330	+0.022%	$5K	$769K	10x	as long as short