Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: Lighter against Bitget+0.097%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$730.732% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.097%, 7d avg +0.045%

Together, before fees−0.052%+ Points / potential airdropLighter: Season 3 · farm board−$5 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 0.052% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STRCUSDT	98.900	0	get 0.0000% / 8h	5h 41m	$4.4M	$75K	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 Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.045%: $5.25
Slippage, 4 orders: −$61.19
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$67.94
Costs to cover: 0.732%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.54 bp	18.3 bp −$18	39.5 bp −$395	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 STRCUSDT	−0.0062%	8h	98.860	−0.041%	$445K	$161K	20x	as long as short
Lighter STRCshort	0.0000%	1h	98.996	+0.097%	$840K	$160K	10x
Binance STRCUSDT	0.0000%	8h	99.050	+0.152%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.900	0.000%	$742K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.020	+0.121%	$975K	$77K	20x	as long as short
Bitget STRCUSDTlong	0.0000%	8h	98.900	long leg	$4.4M	$75K	20x
Variational Omni STRC	0.0000%	8h	99.036	+0.137%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.009	+0.110%	$71K	$103K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	99.030	+0.131%	$1.4M	$1.8M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.051%	$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	+0.013%	$10.7M	$2.1M	10x	as long as short
KuCoin STRCUSDTM	+0.0050%	8h	98.870	−0.030%	$316K	$1.0M	20x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.929	+0.029%	$70K	$159K	10x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.811	−0.090%	$52K	$357K	10x	as long as short