Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.033%

Price spread now: Lighter against KuCoin−0.216%7-day average +0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$439as in the Funding arb table

Net, price: spread back to 7d avg − costs−$473as in the Price arb table

costs, in and out, $10k−$4384.380% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.216%, 7d avg +0.131%

Together, before fees+0.236%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.347% cheaper against KuCoin than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.131%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRCUSDTM	99.040	0.0100	pay 0.0100% / 8h	8m 11s	$317K	$1.0M	20x
Short	Lighter STRC	98.826	0	get 0.0000% / 1h	8m 11s	$890K	$214K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now −0.216%Rate

Funding earned: −$21
Price spread: −0.216% → +0.131%: −$34.71
Slippage, 4 orders: −$426.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$493.73
Costs to cover: 4.380%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Lighter: live order book, 27 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 KuCoin live order book, 6 min ago	1.01 bp	152.8 bp −$153	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 27 min ago	8.05 bp	17.1 bp −$17	23.1 bp −$231	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	−0.0483%	8h	98.849	−0.193%	$446K	$67K	20x	as long as short
Lighter STRCshort	0.0000%	1h	98.826	−0.216%	$890K	$214K	10x
Binance STRCUSDT	0.0000%	8h	99.035	−0.005%	$6.1M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.890	−0.151%	$741K	$74K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	−0.081%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.172%	$4.4M	$80K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.013	−0.028%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.019	−0.021%	$70K	$95K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	98.990	−0.050%	$1.4M	$962K	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	98.919	−0.122%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.916	−0.125%	$70K	$160K	10x	as long as short
KuCoin STRCUSDTMlong	+0.0100%	8h	99.040	long leg	$317K	$1.0M	20x
HTX STRC-USDT	+0.0100%	8h	98.845	−0.197%	$52K	$362K	10x	as long as short