Funding arb · Price arb /

STRC

RWAall STRC markets

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: Binance against Lighter+0.048%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.530%−$53 on $10k

Price spread, last 2 days (all we have)−0.050%−$5 · spread now +0.048%, 7d avg +0.011%

Together, before fees−0.580%+ Points / potential airdropLighter: Season 3 · farm board−$58 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: Binance is 0.037% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.982	0	get 0.0000% / 1h	58m 37s	$840K	$160K	10x
Short	Binance STRCUSDT	99.030	0	get 0.0000% / 8h	7h 58m	$6.0M	$3.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.011%: $3.7
Slippage, 4 orders: −$16.53
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$22.83
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Lighter: live order book, 11 min ago; Binance: live order book, 10 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, 11 min ago	1.82 bp	5.5 bp −$6	9.1 bp −$91	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.50 bp	8.5 bp −$9	34.5 bp −$345	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	98.982	long leg	$840K	$160K	10x
Aster STRCUSDT	0.0000%	8h	98.838	−0.145%	$445K	$166K	20x	as long as short
Binance STRCUSDTshort	0.0000%	8h	99.030	+0.048%	$6.0M	$3.4M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.920	−0.063%	$741K	$82K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	−0.022%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.113%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.962	−0.021%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.970	−0.012%	$70K	$109K	10x	as long as short
QFEX STRC-USD	+0.0033%	1h	99.030	+0.048%	$1.3M	$1.9M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.032%	$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	98.940	−0.042%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.874	−0.109%	$70K	$182K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.840	−0.143%	$304K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.609	−0.377%	$52K	$358K	10x	as long as short