Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: Lighter against Gate−0.004%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1151.146% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.004%, 7d avg +0.022%

Together, before fees−0.065%+ Points / potential airdropLighter: Season 3 · farm board−$6 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 0.026% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STRC_USDT	98.930	0	get 0.0000% / 8h	7h 12m	$974K	$79K	20x
Short	Lighter STRC	98.926	0	get 0.0000% / 1h	12m 28s	$840K	$160K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.022%: −$2.63
Slippage, 4 orders: −$99.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$117.28
Costs to cover: 1.146%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; Lighter: live order book, 58 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 Gate live order book, 59 min ago	7.07 bp	27.3 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 58 min ago	1.82 bp	4.5 bp −$5	12.6 bp −$126	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
tradeXYZ xyz:STRC	−0.0014%	1h	98.860	−0.071%	$10.7M	$2.1M	10x	as long as short
Lighter STRCshort	0.0000%	1h	98.926	−0.004%	$840K	$160K	10x
Aster STRCUSDT	0.0000%	8h	98.854	−0.077%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.915	−0.015%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.860	−0.071%	$741K	$76K	25x	as long as short
Gate STRC_USDTlong	0.0000%	8h	98.930	long leg	$974K	$79K	20x
Bitget STRCUSDT	0.0000%	8h	98.850	−0.081%	$4.4M	$80K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.910	−0.021%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.894	−0.037%	$70K	$105K	10x	as long as short
QFEX STRC-USD	+0.0033%	1h	98.920	−0.010%	$1.3M	$1.9M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.020%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.828	−0.103%	$70K	$171K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.750	−0.182%	$305K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.719	−0.213%	$52K	$357K	10x	as long as short