Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%

Price spread now: Gate against Lighter+0.212%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1371.371% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.212%, 7d avg −0.021%

Together, before fees−0.144%+ Points / potential airdropLighter: Season 3 · farm board−$14 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: Gate is 0.232% dearer against Lighter than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.801	0	get 0.0000% / 1h	59m 49s	$889K	$219K	10x
Short	Gate STRC_USDT	99.010	0	get 0.0000% / 8h	7h 59m	$972K	$78K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.212%Rate

Funding earned: $0
Price spread: +0.212% → −0.021%: $23.24
Slippage, 4 orders: −$122.12
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$113.88
Costs to cover: 1.371%
Break-even: never at this rate

Slippage from Lighter: live order book, 35 min ago; Gate: live order book, 37 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, 35 min ago	8.05 bp	14.7 bp −$15	27.9 bp −$279	doesn't fit	doesn't fit
Sell Gate live order book, 37 min ago	6.06 bp	78.4 bp −$78	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
Aster STRCUSDT	−0.0490%	8h	98.843	+0.042%	$446K	$67K	20x	as long as short
Lighter STRClong	0.0000%	1h	98.801	long leg	$889K	$219K	10x
Binance STRCUSDT	0.0000%	8h	99.022	+0.224%	$6.1M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.890	+0.090%	$742K	$75K	25x	as long as short
Gate STRC_USDTshort	0.0000%	8h	99.010	+0.212%	$972K	$78K	20x
Bitget STRCUSDT	0.0000%	8h	98.870	+0.070%	$4.4M	$80K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.022	+0.223%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.020	+0.222%	$70K	$94K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	99.000	+0.201%	$1.4M	$949K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.151%	$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	98.920	+0.120%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.917	+0.117%	$70K	$160K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	99.010	+0.212%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.816	+0.015%	$52K	$362K	10x	as long as short