CRCL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h −0.074%

Price spread now: Lighter RH against RISEx+0.002%7-day average −0.007% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$150.146% of the position

Long on RISEx Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.263%−$26 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now +0.002%, 7d avg −0.007%

Together, before fees−0.076%+ Points / potential airdropLighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CRCL/USDC	91.894	0.0107	pay 0.0013% / 1h	37m 33s	$418K	$299K	10x
Short	Lighter RH CRCL	91.896	0.0040	get 0.0005% / 1h	37m 33s	$974K	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$14.11
Price spread: +0.002% → −0.007%: $0.9
Slippage, 4 orders: −$8.56
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$27.77
Costs to cover: 0.146%
Break-even: never at this rate

Slippage from RISEx: live order book, 16 min ago; Lighter RH: live order book, 6 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, 16 min ago	1.63 bp	4.6 bp −$5	6.6 bp −$66	doesn't fit	doesn't fit
Sell Lighter RH live order book, 6 min ago	2.50 bp	2.7 bp −$3	5.5 bp −$55	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	−0.0711%	8h	91.950	+0.060%	$16.8M	$35.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0066%	1h	91.640	−0.277%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.920	+0.028%	$14.9M	$26.5M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.980	+0.093%	$7.3M	$27.3M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.849	−0.050%	$2.4M	$3.2M	—	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.840	−0.059%	$1.0M	$48K	10x	as long as short
Aster CRCLUSDT	+0.0012%	8h	91.931	+0.040%	$1.1M	$5.0M	20x	as long as short
Extended CRCL_24_5-USD	+0.0016%	1h	91.880	−0.015%	$1.2M	$5.7M	10x	as long as short
Binance CRCLUSDT	+0.0019%	8h	91.895	0.000%	$104.6M	$391.2M	50x	as long as short
Aftermath Perps CRCLUSD	+0.0039%	1h	91.905	+0.011%	$2K	$25K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH CRCLshort	+0.0040%	1h	91.896	+0.002%	$974K	$2.9M	10x
Arcus CRCL-USD	+0.0040%	1h	91.850	−0.048%	$93K	$272K	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0048%	1h	91.890	−0.005%	$907K	$510K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.826	−0.075%	$68.2M	$41.7M	10x	as long as short
Polymarket Perps CRCL-USD	+0.0050%	1h	91.870	−0.027%	$358K	$1.1M	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.880	−0.016%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.680	−0.233%	$1.0M	$5.1M	10x	as long as short
BloFin CRCL-USDT	+0.0059%	8h	91.890	−0.005%	$1.1M	$1.6M	20x	as long as short
QFEX CRCL-USD	+0.0060%	1h	91.910	+0.017%	$1.3M	$1.9M	10x	as long as short
GRVT CRCL_USDT_Perp	+0.0074%	8h	91.870	−0.026%	$70K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0081%	8h	91.930	+0.039%	$22.3M	$61.6M	50x	as long as short
Pacifica CRCL	+0.0100%	1h	91.891	−0.003%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.880	−0.016%	$2.7M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.770	−0.135%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.900	+0.006%	$916	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.906	+0.013%	$4	—	10x	as long as short
RISEx CRCL/USDClong	+0.0107%	1h	91.894	long leg	$418K	$299K	10x
Paradex CRCL-USD-PERP	+0.0133%	8h	91.891	−0.004%	$423	$905	5x	as long as short
Phoenix CRCL	+0.0182%	1h	91.905	+0.011%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0312%	1h	91.923	+0.031%	$3.0M	$2.4M	10x	as long as short
Nado CRCL-PERP	+0.0375%	1h	91.826	−0.075%	$134K	$106K	3x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.290	+0.430%	$5K	$19K	30x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0839%	1h	91.950	+0.060%	$4K	$768K	10x	as long as short
edgeX CRCLUSDC	+0.0938%	4h	91.865	−0.032%	$51K	$276K	10x	as long as short