Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.007%

Price spread now: GRVT against Lighter+0.104%78s7-day average — · you sell dearer than you buy

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

Long on Lighter Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.104% dearer against Lighter than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 78 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	Lighter STRC	98.827	−0.0088	get 0.0011% / 1h	4m 00s	$889K	$209K	10x
Short	GRVT STRC_USDT_Perp	98.930	0	get 0.0000% / 8h	7h 04m	$70K	$93K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.104%Rate

Funding earned: $18.48
Price spread: +0.104% → 0.000%: $10.42
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $19.9
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Lighter: live order book, 26 min ago; GRVT: no order-book sample. 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 Lighter live order book, 26 min ago	6.12 bp	6.1 bp −$6	29.0 bp −$290	doesn't fit	doesn't fit
Sell GRVT no order-book sample	—	—	—	—	—

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	−0.0485%	8h	98.902	+0.076%	$446K	$67K	20x	as long as short
Lighter STRClong	−0.0088%	1h	98.827	long leg	$889K	$209K	10x
tradeXYZ xyz:STRC	−0.0086%	1h	98.941	+0.115%	$10.6M	$2.2M	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.964	+0.138%	$6.1M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	+0.084%	$741K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	+0.135%	$972K	$76K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.890	+0.064%	$4.4M	$76K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.949	+0.123%	$1.4M	$311K	—	as long as short
GRVT STRC_USDT_Perpshort	0.0000%	8h	98.930	+0.104%	$70K	$93K	10x
QFEX STRC-USD	+0.0006%	1h	98.940	+0.114%	$1.3M	$932K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.124%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.930	+0.104%	$70K	$40K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.990	+0.165%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.798	−0.029%	$52K	$362K	10x	as long as short