Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0062%/8h= +6.7% APRpaid last 24h 0.000%

Price spread now: Lighter against Aster+0.138%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.138%, 7d avg +0.070%

Together, before fees−0.161%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.067% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster STRCUSDT	98.860	−0.0062	get 0.0062% / 8h	5h 41m	$445K	$161K	20x
Short	Lighter STRC	98.996	0	get 0.0000% / 1h	41m 01s	$840K	$160K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.138%Rate

Funding earned: $12.93
Price spread: +0.138% → +0.070%: $6.74
Slippage, 4 orders: −$42.96
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.3
Costs to cover: 0.510%
Break-even: 23.9 days

Slippage from Aster: live order book, 21 min ago; Lighter: live order book, 19 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 Aster live order book, 21 min ago	0.51 bp	8.0 bp −$8	15.8 bp −$158	doesn't fit	doesn't fit
Sell Lighter live order book, 19 min ago	2.58 bp	4.9 bp −$5	10.5 bp −$105	doesn't fit	doesn't fit

STRC on 14 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
Aster STRCUSDTlong	−0.0062%	8h	98.860	long leg	$445K	$161K	20x
Lighter STRCshort	0.0000%	1h	98.996	+0.138%	$840K	$160K	10x
Binance STRCUSDT	0.0000%	8h	99.050	+0.192%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.900	+0.041%	$742K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.020	+0.162%	$975K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	+0.041%	$4.4M	$75K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.036	+0.178%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.009	+0.151%	$71K	$103K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	99.030	+0.172%	$1.4M	$1.8M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.091%	$3K	$34K	12x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:STRC	+0.0050%	1h	98.913	+0.054%	$10.7M	$2.1M	10x	as long as short
KuCoin STRCUSDTM	+0.0050%	8h	98.870	+0.010%	$316K	$1.0M	20x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.929	+0.070%	$70K	$159K	10x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.811	−0.049%	$52K	$357K	10x	as long as short