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: Lighter RH against Ondo Perps+0.083%7-day average +0.144% · 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 RH

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 airdropOndo Perps: Active · Lighter RH: Points live · farm board+$78 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.062% cheaper against Ondo Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.144%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps CRCL-USD.P	93.130	0.0100	pay 0.0013% / 1h	59m 17s	$1.0M	$3.8M	10x
Short	Lighter RH CRCL	93.207	0.0032	get 0.0004% / 1h	59m 17s	$1.0M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Ondo Perps. 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 Ondo PerpsbpFee Lighter RHbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$14.28
Price spread: +0.083% → +0.144%: −$6.15
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$25.43
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 2 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 RH live order book, 2 min ago	2.63 bp	3.3 bp −$3	7.1 bp −$71	doesn't fit	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 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
Coinbase International CRCL-PERP-INTX	−0.0048%	1h	93.090	−0.043%	$862K	$703K	10x	as long as short
Vest CRCL-USD-PERP	−0.0019%	1h	93.060	−0.075%	—	$30K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	93.210	+0.086%	$15.1M	$25.1M	50x	as long as short
Bitget CRCLUSDT	0.0000%	8h	93.250	+0.129%	$18.3M	$33.5M	25x	as long as short
Phemex CRCLUSDT	0.0000%	4h	93.160	+0.032%	$1.0M	$45K	10x	as long as short
Lighter RH CRCLshort	+0.0032%	1h	93.207	+0.083%	$1.0M	$2.5M	10x
Aftermath Perps CRCLUSD	+0.0042%	1h	92.945	−0.199%	$2K	$29K	5x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	93.100	−0.032%	$68.1M	$40.2M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	93.162	+0.034%	$383K	$847K	10x	as long as short
Injective CRCL/USDC PERP	+0.0072%	1h	92.090	−1.117%	$38K	$172K	30x	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	93.170	+0.043%	$1.3M	$1.6M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	93.138	+0.009%	$139K	$141K	10x	as long as short
Ondo Perps CRCL-USD.Plong	+0.0100%	1h	93.130	long leg	$1.0M	$3.8M	10x
KuCoin CRCLUSDTM	+0.0100%	8h	93.110	−0.021%	$2.6M	$1.6M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	92.940	−0.204%	$68K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	93.180	+0.054%	$929	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	93.197	+0.072%	$4	—	10x	as long as short
Gate CRCL_USDT	+0.0123%	8h	93.250	+0.129%	$7.5M	$25.1M	50x	as long as short
Paradex CRCL-USD-PERP	+0.0133%	8h	93.190	+0.065%	$429	$477	5x	as long as short
Phoenix CRCL	+0.0199%	1h	92.945	−0.199%	$27K	$66K	10x	as long as short
Lighter CRCL	+0.0248%	1h	93.230	+0.107%	$3.0M	$2.1M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0287%	1h	93.170	+0.043%	$5K	$435K	10x	as long as short
Variational Omni CRCL	+0.0309%	8h	92.973	−0.168%	$2.5M	$3.3M	—	as long as short
OKX CRCL-USDT-SWAP	+0.0340%	8h	93.220	+0.097%	$23.0M	$57.3M	50x	as long as short
Arcus CRCL-USD	+0.0368%	1h	93.140	+0.011%	$94K	$214K	10x	as long as short
SoDEX CRCL-USD	+0.0384%	1h	93.165	+0.038%	$47K	$3K	10x	as long as short
Aster CRCLUSDT	+0.0386%	8h	93.140	+0.011%	$1.1M	$4.5M	20x	as long as short
Extended CRCL_24_5-USD	+0.0392%	1h	93.169	+0.042%	$1.1M	$4.0M	10x	as long as short
Binance CRCLUSDT	+0.0396%	8h	93.180	+0.054%	$107.8M	$354.1M	50x	as long as short
edgeX CRCLUSDC	+0.0418%	4h	92.953	−0.190%	$53K	$270K	10x	as long as short
Nado CRCL-PERP	+0.0443%	1h	93.196	+0.071%	$153K	$92K	3x	as long as short
BloFin CRCL-USDT	+0.0516%	8h	93.160	+0.032%	$1.1M	$1.7M	20x	as long as short
RISEx CRCL/USDC	+0.0528%	1h	93.180	+0.054%	$418K	$239K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0805%	8h	93.020	−0.118%	$62K	$1.0M	10x	as long as short