Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%

Price spread now: Lighter against Binance−0.027%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now −0.027%, 7d avg +0.002%

Together, before fees−0.185%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.030% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STRCUSDT	99.020	0	get 0.0000% / 8h	5h 36m	$6.0M	$3.3M	25x
Short	Lighter STRC	98.993	0	get 0.0000% / 1h	36m 58s	$840K	$160K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.002%: −$2.97
Slippage, 4 orders: −$18.62
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.58
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Lighter: live order book, 23 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 Binance live order book, 1 min ago	0.50 bp	9.7 bp −$10	30.3 bp −$303	93.3 bp −$9,332	doesn't fit
Sell Lighter live order book, 23 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 STRCUSDT	−0.0075%	8h	98.860	−0.162%	$445K	$161K	20x	as long as short
Lighter STRCshort	0.0000%	1h	98.993	−0.027%	$840K	$160K	10x
Binance STRCUSDTlong	0.0000%	8h	99.020	long leg	$6.0M	$3.3M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.890	−0.131%	$742K	$73K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.010	−0.010%	$975K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.890	−0.131%	$4.4M	$75K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.036	+0.016%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.032	+0.012%	$71K	$103K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	99.010	−0.010%	$1.4M	$1.8M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.071%	$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
KuCoin STRCUSDTM	+0.0043%	8h	98.860	−0.162%	$317K	$1.0M	20x	as long as short
tradeXYZ xyz:STRC	+0.0050%	1h	98.912	−0.109%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.912	−0.109%	$70K	$159K	10x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.822	−0.200%	$52K	$357K	10x	as long as short