CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0202%/8h= −22.1% APRnext payment −$0.25 per $10,000 · paid last 24h +0.011%

Price spread now: Lighter against RISEx−0.016%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$110.107% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.147%−$15 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.016%, 7d avg +0.052%

Together, before fees−0.001%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.068% cheaper against RISEx than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	91.328	0.0466	pay 0.0058% / 1h	3m 08s	$412K	$260K	10x
Short	Lighter CRCL	91.314	0.0264	get 0.0033% / 1h	3m 08s	$2.9M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$42.47
Price spread: −0.016% → +0.052%: −$6.81
Slippage, 4 orders: −$4.66
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$59.94
Costs to cover: 0.107%
Break-even: never at this rate

Slippage from RISEx: live order book, 35 min ago; Lighter: live order book, 4 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 RISEx live order book, 35 min ago	0.55 bp	3.5 bp −$4	5.3 bp −$53	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.32 bp	1.5 bp −$1	4.8 bp −$48	42.1 bp −$4,214	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	−0.0340%	8h	91.380	+0.057%	$17.4M	$36.7M	25x	as long as short
Vest CRCL-USD-PERP	−0.0085%	1h	90.990	−0.370%	—	$31K	25x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.340	+0.013%	$7.8M	$28.0M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.300	−0.031%	$1.0M	$48K	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.335	+0.007%	$984K	$2.6M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.240	−0.096%	$2K	$29K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.230	−0.108%	$95K	$296K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.280	−0.053%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.210	−0.130%	$1.1M	$4.8M	10x	as long as short
Bybit CRCLUSDT	+0.0065%	8h	91.370	+0.046%	$14.8M	$26.5M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRCL-USD	+0.0071%	1h	91.290	−0.042%	$1.3M	$1.7M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0088%	1h	91.070	−0.283%	$871K	$500K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0092%	1h	91.284	−0.049%	$67.3M	$44.3M	10x	as long as short
Pacifica CRCL	+0.0100%	1h	91.280	−0.053%	$134K	$158K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.280	−0.053%	$2.7M	$1.7M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.170	−0.173%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.290	−0.042%	$910	$1K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.308	−0.022%	$4	—	10x	as long as short
Variational Omni CRCL	+0.0132%	8h	91.253	−0.083%	$2.4M	$3.3M	—	as long as short
Polymarket Perps CRCL-USD	+0.0154%	1h	91.280	−0.053%	$377K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0162%	8h	91.299	−0.033%	$420	$905	5x	as long as short
Aster CRCLUSDT	+0.0202%	8h	91.338	+0.010%	$1.0M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0216%	1h	91.288	−0.044%	$1.0M	$5.0M	10x	as long as short
Binance CRCLUSDT	+0.0217%	8h	91.324	−0.004%	$104.9M	$389.3M	50x	as long as short
Phoenix CRCL	+0.0227%	1h	91.260	−0.075%	$27K	$74K	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0251%	8h	91.227	−0.111%	$70K	$1.1M	10x	as long as short
Lighter CRCLshort	+0.0264%	1h	91.314	−0.016%	$2.9M	$2.4M	10x
OKX CRCL-USDT-SWAP	+0.0292%	8h	91.360	+0.035%	$22.3M	$61.8M	50x	as long as short
BloFin CRCL-USDT	+0.0337%	8h	91.330	+0.002%	$1.1M	$1.7M	20x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	91.750	+0.462%	$5K	$19K	30x	as long as short
Nado CRCL-PERP	+0.0441%	1h	91.222	−0.116%	$134K	$109K	3x	as long as short
RISEx CRCL/USDClong	+0.0466%	1h	91.328	long leg	$412K	$260K	10x
Deribit CRCL_USDC-PERPETUAL	+0.0627%	1h	91.300	−0.031%	$5K	$769K	10x	as long as short
edgeX CRCLUSDC	+0.0907%	4h	91.195	−0.146%	$52K	$270K	10x	as long as short