Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Lighter against GRVT−0.029%48s7-day average +0.028% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.029%, 7d avg +0.028%

Together, before fees+0.157%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$16 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 0.057% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.028%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT STRC_USDT_Perp	98.939	0	get 0.0000% / 8h	3h 02m	$70K	$97K	10x
Short	Lighter STRC	98.910	0	get 0.0000% / 1h	2m 32s	$896K	$212K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.028%: −$5.72
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.72
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: no order-book sample; Lighter: live order book, 47 min ago. Net counts fees only.

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 GRVT no order-book sample	—	—	—	—	—
Sell Lighter live order book, 47 min ago	3.69 bp	7.8 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit

GRVT: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0478%	8h	98.880	−0.060%	$445K	$67K	20x	as long as short
Lighter STRCshort	0.0000%	1h	98.910	−0.029%	$896K	$212K	10x
Binance STRCUSDT	0.0000%	8h	98.961	+0.022%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.820	−0.120%	$742K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	−0.029%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.070%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.948	+0.009%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perplong	0.0000%	8h	98.939	long leg	$70K	$97K	10x
QFEX STRC-USD	+0.0002%	1h	98.960	+0.021%	$1.4M	$1.3M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.011%	$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	+0.0036%	1h	98.890	−0.049%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.844	−0.096%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0081%	8h	98.800	−0.140%	$317K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.674	−0.268%	$52K	$359K	10x	as long as short