Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Aster against Lighter−0.142%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$540.545% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.142%, 7d avg −0.068%

Together, before fees+0.128%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$13 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: Aster is 0.074% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.934	0	get 0.0000% / 1h	54m 02s	$840K	$167K	10x
Short	Aster STRCUSDT	98.793	0	get 0.0000% / 8h	54m 02s	$445K	$166K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.068%: −$7.44
Slippage, 4 orders: −$46.48
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$61.92
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from Lighter: live order book, 21 min ago; Aster: 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 Lighter live order book, 21 min ago	3.34 bp	4.9 bp −$5	9.3 bp −$93	doesn't fit	doesn't fit
Sell Aster live order book, 23 min ago	5.06 bp	26.7 bp −$27	doesn't fit	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
Lighter STRClong	0.0000%	1h	98.934	long leg	$840K	$167K	10x
Aster STRCUSDTshort	0.0000%	8h	98.793	−0.142%	$445K	$166K	20x
Binance STRCUSDT	0.0000%	8h	98.978	+0.044%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	−0.024%	$741K	$83K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.890	−0.044%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.850	−0.085%	$4.4M	$82K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.962	+0.028%	$1.5M	$261K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.947	+0.013%	$70K	$110K	10x	as long as short
QFEX STRC-USD	+0.0014%	1h	98.970	+0.036%	$1.4M	$1.8M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.016%	$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	98.928	−0.006%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.878	−0.057%	$70K	$182K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.800	−0.135%	$304K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.732	−0.204%	$52K	$357K	10x	as long as short