CRCL funding rates
CRCL perpetual funding across 12 venues. Rates are annualized (APR); positive means longs pay shorts.
· refreshed every 5 min
- Best pair · 7d
- 17.5%long Gate, short Lighter RH · net 13.6%
- Highest funding now
- 10.9%RwRWA Perp
- Lowest funding now
- −6.0%GrGRVT
- Listed on
- 12 venues
Funding by venue
| 7d chart | Flags | Open | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RwRWA Perp | PERP_CRCL_USDC_mythos | 10.9% | 10.9% | 10.9% | 10.4% | 10.9% | 100% | 8h | 16:00 | 86.56 | $13k | $949 | TradFi | RwRWA Perp | |
| LrLighter RH | CRCL | 9.6% | 16.4% | 19.5% | 14.3% | 20.0% | 95% | 1h | 09:00 | 86.57 | $1.9M | $3.1M | TradFi | LrLighter RH | |
| RxRISEx | CRCL/USDC | 8.3% | 35.0% | 13.8% | 31.6% | 10.3% | 39% | 1h | 09:00 | 86.50 | $414k | $207k | TradFi | RxRISEx | |
| PmPolymarket | CRCL-USD | 5.5% | 8.3% | 13.1% | 12.1% | 13.9% | 95% | 1h | 09:00 | 86.42 | $259k | $23k | TradFi | PmPolymarket | |
| LiLighter | CRCL | 3.5% | 8.1% | 9.7% | 24.1% | 10.0% | 95% | 1h | 09:00 | 86.53 | $1.9M | $2.3M | TradFi | LiLighter | |
| NaNado | CRCL-PERP_USDT0 | 2.9% | 0.2% | 8.0% | 25.9% | 9.3% | 80% | 1h | 09:00 | 86.50 | $336k | $3k | TradFi | NaNado | |
| AsAster | CRCLUSDT | 0.0% | 0.0% | 10.8% | 15.8% | 12.5% | 38% | 8h | 16:00 | 86.55 | $1.9M | $1.6M | TradFi | AsAster | |
| VaVariational | CRCL | 0.0% | 2.2% | 6.5% | 10.7% | 7.2% | 39% | 8h | — | 86.48 | $2.4M | $929k | TradFi | VaVariational | |
| ByBybitCEX | CRCLUSDT | 0.0% | 0.1% | 4.7% | 13.4% | 5.5% | 29% | 8h | 16:00 | 86.32 | $20.6M | $3.0M | TradFi | ByBybit | |
| BgBitgetCEX | CRCLUSDT | 0.0% | 0.0% | 12.5% | 18.7% | 14.5% | 42% | 8h | 16:00 | 86.32 | $18.0M | $7.1M | TradFi | BgBitget | |
| GtGateCEX | CRCL_USDT | 0.0% | 0.0% | 2.0% | 20.3% | 2.3% | 14% | 8h | 16:00 | 86.40 | $101.6M | $5.6M | TradFi | GtGate | |
| GrGRVT | CRCL_USDT_Perp | −6.0% | −0.1% | 9.2% | 12.2% | 10.8% | 39% | 8h | 16:00 | 86.49 | $66k | $1.3M | TradFi | GrGRVT |
Sparklines: hourly funding APR over the last 7 days, zero line dashed.
Long/short pairs
| Spread APR | After taker fees | Quality | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7d trend | Flags | Open | Calc | |||||||||||
| GtGateCEX | LrLighter RH | 9.6% | 16.4% | 17.5% | −6.4% | 13.6% | 20.4% | 3.1d | steady | $1.9M | 8h/1hTradFi | GtLr | calc | |
| VaVariational | LrLighter RH | 9.6% | 14.3% | 13.0% | 4.1% | 13.0% | 19.5% | <0.1d | steady | $1.9M | 8h/1hTradFispread not incl. | VaLr | calc | |
| ByBybitCEX | LrLighter RH | 9.6% | 16.4% | 14.7% | 1.9% | 11.9% | 17.8% | 2.7d | steady | $1.9M | 8h/1hTradFi | ByLr | calc | |
| LiLighter | LrLighter RH | 6.1% | 8.4% | 9.7% | −6.4% | 9.7% | 14.6% | <0.1d | steady | $1.9M | TradFi | LiLr | calc | |
| NaNado | LrLighter RH | 6.7% | 16.2% | 11.5% | −13.4% | 9.6% | 14.4% | 2.2d | steady | $336k | TradFi | NaLr | calc | |
| GrGRVT | LrLighter RH | 15.7% | 16.5% | 10.2% | 2.9% | 7.9% | 11.8% | 3.2d | steady | $66k | 8h/1hTradFi | GrLr | calc | |
| AsAster | LrLighter RH | 9.6% | 16.4% | 8.7% | −1.4% | 6.6% | 9.9% | 3.4d | steady | $1.9M | 8h/1hTradFi | AsLr | calc | |
| GtGateCEX | PmPolymarket | 5.5% | 8.3% | 11.1% | −8.3% | 5.1% | 7.7% | 7.5d | steady | $259k | 8h/1hTradFiinvite only | GtPm | calc | |
| VaVariational | PmPolymarket | 5.5% | 6.1% | 6.6% | 1.4% | 4.5% | 6.8% | 4.4d | steady | $259k | 8h/1hTradFiinvite onlyspread not incl. | VaPm | calc | |
| RxRISEx | LrLighter RH | 1.4% | −18.5% | 5.7% | −16.3% | 4.1% | 6.2% | 3.9d | cooling | $414k | TradFi | RxLr | calc | |
| GtGateCEX | LiLighter | 3.5% | 8.1% | 7.8% | 3.7% | 3.9% | 5.8% | 7.0d | steady | $1.9M | 8h/1hTradFi | GtLi | calc | |
| GtGateCEX | BgBitgetCEX | 0.0% | 0.0% | 10.5% | −1.7% | 3.5% | 5.2% | 9.4d | cooling | $18.0M | TradFi | GtBg | calc | |
| ByBybitCEX | PmPolymarket | 5.5% | 8.2% | 8.4% | −1.4% | 3.4% | 5.1% | 8.3d | steady | $259k | 8h/1hTradFiinvite only | ByPm | calc | |
| VaVariational | LiLighter | 3.5% | 5.9% | 3.3% | 13.4% | 3.3% | 4.9% | <0.1d | weak | $1.9M | 8h/1hTradFispread not incl. | VaLi | calc | |
| GtGateCEX | RxRISEx | 8.3% | 35.0% | 11.8% | 11.2% | 6.4% | 9.5% | 6.5d | spike ×4.4 | $414k | 8h/1hTradFi | GtRx | calc | |
| VaVariational | RxRISEx | 8.3% | 32.8% | 7.3% | 20.9% | 5.7% | 8.6% | 3.0d | spike ×10.7 | $414k | 8h/1hTradFispread not incl. | VaRx | calc | |
| VaVariational | BgBitgetCEX | 0.0% | −2.2% | 6.0% | 8.0% | 2.8% | 4.3% | 7.3d | cooling | $2.4M | TradFispread not incl. | VaBg | calc | |
| GtGateCEX | AsAster | 0.0% | 0.0% | 8.8% | −4.5% | 2.8% | 4.2% | 9.5d | cooling | $1.9M | TradFi | GtAs | calc | |
| ByBybitCEX | RxRISEx | 8.3% | 34.9% | 9.1% | 18.1% | 4.6% | 7.0% | 6.8d | spike ×7.3 | $414k | 8h/1hTradFi | ByRx | calc | |
| VaVariational | AsAster | 0.0% | −2.2% | 4.3% | 5.1% | 2.2% | 3.3% | 6.8d | cooling | $1.9M | TradFispread not incl. | VaAs | calc | |
| ByBybitCEX | LiLighter | 3.5% | 8.0% | 5.0% | 10.6% | 2.2% | 3.3% | 8.0d | weak | $1.9M | 8h/1hTradFi | ByLi | calc | |
| PmPolymarket | LrLighter RH | 4.2% | 8.1% | 6.4% | 0.4% | 4.3% | 6.4% | 4.6d | steady | $259k | TradFiinvite only | PmLr | calc | |
| BgBitgetCEX | LrLighter RH | 9.6% | 16.4% | 7.0% | −3.9% | 3.9% | 5.8% | 6.3d | spike ×3.0 | $1.9M | 8h/1hTradFi | BgLr | calc | |
| ByBybitCEX | BgBitgetCEX | 0.0% | −0.1% | 7.7% | 5.2% | 1.7% | 2.6% | 11d | cooling | $18.0M | TradFi | ByBg | calc | |
| LiLighter | PmPolymarket | 2.0% | 0.2% | 3.3% | −12.0% | 1.2% | 1.9% | 8.8d | weak | $259k | TradFiinvite only | LiPm | calc | |
| NaNado | PmPolymarket | 2.5% | 8.1% | 5.1% | −13.8% | 1.2% | 1.7% | 11d | weak | $259k | TradFiinvite only | NaPm | calc | |
| ByBybitCEX | AsAster | 0.0% | −0.1% | 6.0% | 2.4% | 1.1% | 1.6% | 11d | cooling | $1.9M | TradFi | ByAs | calc | |
| GtGateCEX | GrGRVT | −6.0% | −0.1% | 7.3% | −8.1% | 1.0% | 1.5% | 12d | cooling | $66k | TradFi | GtGr | calc | |
| LiLighter | RxRISEx | 4.8% | 26.9% | 4.0% | 7.5% | 2.5% | 3.7% | 5.4d | spike ×121.9 | $414k | TradFi | LiRx | calc | |
| GtGateCEX | VaVariational | 0.0% | 2.2% | 4.5% | −9.6% | 0.6% | 0.9% | 12d | weak | $2.4M | TradFispread not incl. | GtVa | calc | |
| NaNado | RxRISEx | 5.3% | 34.8% | 5.8% | 5.7% | 2.4% | 3.6% | 8.2d | spike ×36.8 | $336k | TradFi | NaRx | calc | |
| VaVariational | GrGRVT | −6.0% | −2.3% | 2.7% | 1.5% | 0.4% | 0.6% | 12d | weak | $66k | TradFispread not incl. | VaGr | calc | |
| GrGRVT | RxRISEx | 14.3% | 35.1% | 4.6% | 19.4% | 0.7% | 1.0% | 12d | spike | $66k | 8h/1hTradFi | GrRx | calc | |
| GtGateCEX | NaNado | 2.9% | 0.2% | 6.0% | 5.6% | 0.3% | 0.5% | 13d | steady | $336k | 8h/1hTradFi | GtNa | calc | |
| NaNado | LiLighter | 0.6% | 7.9% | 1.7% | −1.8% | −0.1% | −0.1% | 15d | mixed | $336k | TradFi | NaLi | calc | |
| VaVariational | NaNado | 2.9% | −2.0% | 1.5% | 15.2% | −0.3% | −0.5% | 17d | weak | $336k | 8h/1hTradFispread not incl. | VaNa | calc | |
| GrGRVT | PmPolymarket | 11.5% | 8.4% | 3.9% | −0.1% | −0.6% | −0.9% | 16d | weak | $66k | 8h/1hTradFiinvite only | GrPm | calc | |
| ByBybitCEX | GrGRVT | −6.0% | −0.2% | 4.5% | −1.2% | −0.7% | −1.1% | 16d | cooling | $66k | TradFi | ByGr | calc | |
| LiLighter | BgBitgetCEX | −3.5% | −8.1% | 2.7% | −5.4% | −0.4% | −0.6% | 16d | mixed | $1.9M | 1h/8hTradFi | LiBg | calc | |
| NaNado | BgBitgetCEX | −2.9% | −0.2% | 4.4% | −7.2% | −0.5% | −0.8% | 16d | mixed | $336k | 1h/8hTradFi | NaBg | calc | |
| ByBybitCEX | VaVariational | 0.0% | 2.1% | 1.8% | −2.7% | −1.1% | −1.6% | 23d | weak | $2.4M | TradFispread not incl. | ByVa | calc | |
| AsAster | RxRISEx | 8.3% | 35.0% | 3.0% | 15.8% | −0.6% | −0.9% | 17d | spike | $414k | 8h/1hTradFi | AsRx | calc | |
| ByBybitCEX | NaNado | 2.9% | 0.1% | 3.3% | 12.5% | −1.4% | −2.1% | 20d | weak | $336k | 8h/1hTradFi | ByNa | calc | |
| GrGRVT | LiLighter | 9.5% | 8.2% | 0.5% | 11.9% | −1.8% | −2.7% | 62d | weak | $66k | 8h/1hTradFi | GrLi | calc | |
| AsAster | PmPolymarket | 5.5% | 8.3% | 2.3% | −3.7% | −1.9% | −2.8% | 25d | weak | $259k | 8h/1hTradFiinvite only | AsPm | calc | |
| LiLighter | AsAster | −3.5% | −8.1% | 1.0% | −8.3% | −1.1% | −1.6% | 29d | mixed | $1.9M | 1h/8hTradFi | LiAs | calc | |
| GrGRVT | BgBitgetCEX | 6.0% | 0.1% | 3.2% | 6.5% | −2.2% | −3.4% | 24d | weak | $66k | TradFi | GrBg | calc | |
| NaNado | AsAster | −2.9% | −0.2% | 2.8% | −10.1% | −1.2% | −1.7% | 20d | mixed | $336k | 1h/8hTradFi | NaAs | calc | |
| GrGRVT | AsAster | 6.0% | 0.1% | 1.5% | 3.6% | −2.9% | −4.3% | 40d | weak | $66k | TradFi | GrAs | calc | |
| AsAster | LiLighter | 3.5% | 8.1% | −1.0% | 8.3% | −3.1% | −4.6% | — | weak | $1.9M | 8h/1hTradFi | AsLi | calc | |
| AsAster | BgBitgetCEX | 0.0% | 0.0% | 1.7% | 2.9% | −3.5% | −5.3% | 43d | weak | $1.9M | TradFi | AsBg | calc | |
| GtGateCEX | ByBybitCEX | 0.0% | 0.1% | 2.8% | −6.9% | −4.0% | −6.0% | 34d | weak | $20.6M | TradFi | GtBy | calc | |
| BgBitgetCEX | PmPolymarket | 5.5% | 8.3% | 0.6% | −6.6% | −4.6% | −6.9% | 118d | weak | $259k | 8h/1hTradFiinvite only | BgPm | calc | |
| GrGRVT | VaVariational | 6.0% | 2.3% | −2.7% | −1.5% | −5.1% | −7.6% | — | weak | $66k | TradFispread not incl. | GrVa | calc | |
| BgBitgetCEX | LiLighter | 3.5% | 8.1% | −2.7% | 5.4% | −5.8% | −8.7% | — | weak | $1.9M | 8h/1hTradFi | BgLi | calc | |
| NaNado | GrGRVT | −9.0% | −0.3% | 1.2% | −13.7% | −3.0% | −4.4% | 48d | mixed | $66k | 1h/8hTradFi | NaGr | calc | |
| BgBitgetCEX | RxRISEx | 8.3% | 35.0% | 1.3% | 12.9% | −3.4% | −5.0% | 49d | spike | $414k | 8h/1hTradFi | BgRx | calc | |
| GrGRVT | ByBybitCEX | 6.0% | 0.2% | −4.5% | 1.2% | −9.7% | −14.6% | — | weak | $66k | TradFi | GrBy | calc | |
| GrGRVT | NaNado | 9.0% | 0.3% | −1.2% | 13.7% | −5.4% | −8.1% | — | mixed | $66k | 8h/1hTradFi | GrNa | calc | |
| PmPolymarket | RxRISEx | 2.8% | 26.7% | 0.7% | 19.5% | −2.9% | −4.4% | 72d | spike | $259k | TradFiinvite only | PmRx | calc | |
| AsAster | NaNado | 2.9% | 0.2% | −2.8% | 10.1% | −6.7% | −10.0% | — | mixed | $336k | 8h/1hTradFi | AsNa | calc | |
| GrGRVT | GtGateCEX | 6.0% | 0.1% | −7.3% | 8.1% | −13.5% | −20.3% | — | weak | $66k | TradFi | GrGt | calc | |
| BgBitgetCEX | NaNado | 2.9% | 0.2% | −4.4% | 7.2% | −9.4% | −14.1% | — | mixed | $336k | 8h/1hTradFi | BgNa | calc | |
What the columns and badges mean
- now
- Current funding spread APR: short-leg rate minus long-leg rate, annualized.
- 24h
- Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d
- Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
- 30d
- Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
- 7d trend
- Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
- Net APR
- 7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
- On capital
- Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
- Breakeven
- Days of 7d-average funding needed to pay back open+close taker fees.
- Min OI
- Smaller open interest of the two legs, USD.
- steady
- Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
- spike
- The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
- mixed
- The spread was negative too often: not negative in only X% of hours over 7 days.
- new
- Less than 4 days of shared history in the prior week: stability cannot be judged yet.
- weak
- Prior-week spread under 5% APR: too small to call steady.
- cooling
- The prior week was solid, but the last 24h or the current spread is not positive.
- ≠ asset?
- Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
- stale
- At least one leg has not updated for over 30 minutes.
- low OI
- Open interest under $50k on at least one leg — size carefully.
- 8h/1h
- Funding intervals differ (8h vs 1h): payments are not simultaneous.
- TradFi
- Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
- invite only
- Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
- spread not incl.
- A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
- CEX
- Centralized exchange: trading needs an account with identity verification (KYC).
Prices now
Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.Indicative · marks from 2026-10-12 08:11 UTC
Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.
CRCL · TradFi
No two venues give a usable spread right now.
| Buy ↓ · Sell → | LrLighter RH86.5725 | RwRWA Perp86.56 | AsAster86.5477 | LiLighter86.529 | RxRISEx86.505 | NaNado86.4951 | GrGRVT86.4911 | VaVariational86.4759 | PmPolymarket86.42 | GtGate86.4 | BgBitget86.32 | ByBybit86.32 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BgBitget86.32 | 0.292% | 0.278% | 0.263% | 0.242% | 0.214% | 0.203% | 0.198% | 0.180% | 0.116% | 0.093% | — | 0.000% |
| ByBybit86.32 | 0.292% | 0.278% | 0.263% | 0.242% | 0.214% | 0.203% | 0.198% | 0.180% | 0.116% | 0.093% | 0.000% | — |
| GtGate86.4 | 0.199% | 0.185% | 0.171% | 0.149% | 0.121% | 0.110% | 0.105% | 0.088% | 0.023% | — | −0.093% | −0.093% |
| PmPolymarket86.42 | 0.176% | 0.162% | 0.148% | 0.126% | 0.098% | 0.087% | 0.082% | 0.065% | — | −0.023% | −0.116% | −0.116% |
| VaVariational86.4759 | 0.112% | 0.097% | 0.083% | 0.061% | 0.034% | 0.022% | 0.018% | — | −0.065% | −0.088% | −0.180% | −0.180% |
| GrGRVT86.4911 | 0.094% | 0.080% | 0.065% | 0.044% | 0.016% | 0.005% | — | −0.018% | −0.082% | −0.105% | −0.198% | −0.198% |
| NaNado86.4951 | 0.089% | 0.075% | 0.061% | 0.039% | 0.011% | — | −0.005% | −0.022% | −0.087% | −0.110% | −0.203% | −0.203% |
| RxRISEx86.505 | 0.078% | 0.064% | 0.049% | 0.028% | — | −0.011% | −0.016% | −0.034% | −0.098% | −0.121% | −0.214% | −0.214% |
| LiLighter86.529 | 0.050% | 0.036% | 0.022% | — | −0.028% | −0.039% | −0.044% | −0.061% | −0.126% | −0.149% | −0.242% | −0.242% |
| AsAster86.5477 | 0.029% | 0.014% | — | −0.022% | −0.049% | −0.061% | −0.065% | −0.083% | −0.148% | −0.171% | −0.263% | −0.263% |
| RwRWA Perp86.56 | 0.014% | — | −0.014% | −0.036% | −0.064% | −0.075% | −0.080% | −0.097% | −0.162% | −0.185% | −0.278% | −0.278% |
| LrLighter RH86.5725 | — | −0.014% | −0.029% | −0.050% | −0.078% | −0.089% | −0.094% | −0.112% | −0.176% | −0.199% | −0.292% | −0.292% |
All quotes (12)
| Venue | Bid | Ask | Quality | Age | Vol 24h | Flags |
|---|---|---|---|---|---|---|
| AsAster | 86.5477 | 86.5477 | mark | 5m | $1.6M | closedno FX |
| BgBitgetCEX | 86.32 | 86.32 | mark | 4m | $7.1M | closedno FX |
| ByBybitCEX | 86.32 | 86.32 | mark | 4m | $3.0M | closedno FX |
| GtGateCEX | 86.4 | 86.4 | mark | 4m | $5.6M | closedno FX |
| GrGRVT | 86.4911 | 86.4911 | mark | 5m | $1.3M | closedno FX |
| LiLighter | 86.529 | 86.529 | mark | 5m | $2.3M | closed |
| NaNado | 86.4951 | 86.4951 | mark | 5m | $3k | closedno FX |
| PmPolymarket | 86.42 | 86.42 | mark | 5m | $23k | closed |
| LrLighter RH | 86.5725 | 86.5725 | mark | 5m | $3.1M | closed |
| RxRISEx | 86.505 | 86.505 | mark | 5m | $207k | closed |
| RwRWA Perp | 86.56 | 86.56 | mark | 5m | $949 | closed |
| VaVariational | 86.4759 | 86.4759 | mark | 5m | $929k | closed |
All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.
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