Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: KuCoin against Lighter+0.130%7-day average −0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs−$477as in the Funding arb table

Net, price: spread back to 7d avg − costs−$457as in the Price arb table

costs, in and out, $10k−$4824.824% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.130%, 7d avg −0.121%

Together, before fees−0.112%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.251% dearer against Lighter than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.121%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.722	0	get 0.0000% / 1h	7m 45s	$888K	$141K	10x
Short	KuCoin STRCUSDTM	98.850	0.0100	get 0.0100% / 8h	5h 07m	$315K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.130%Rate

Funding earned: $21
Price spread: +0.130% → −0.121%: $25.07
Slippage, 4 orders: −$470.4
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$436.33
Costs to cover: 4.824%
Break-even: 152.4 days

Slippage from Lighter: live order book, 36 min ago; KuCoin: live order book, 5 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, 36 min ago	4.05 bp	8.4 bp −$8	29.1 bp −$291	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.01 bp	256.7 bp −$257	doesn't fit	doesn't fit	doesn't fit

STRC on 14 exchanges

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
tradeXYZ xyz:STRC	−0.0437%	1h	98.829	+0.108%	$10.5M	$2.4M	10x	as long as short
Aster STRCUSDT	−0.0332%	8h	98.895	+0.175%	$446K	$67K	20x	as long as short
Lighter STRClong	0.0000%	1h	98.722	long leg	$888K	$141K	10x
Binance STRCUSDT	0.0000%	8h	98.940	+0.221%	$6.1M	$3.2M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.850	+0.130%	$741K	$63K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.920	+0.201%	$971K	$58K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.820	+0.099%	$4.4M	$68K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.900	+0.180%	$1.4M	$238K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.909	+0.189%	$70K	$95K	10x	as long as short
QFEX STRC-USD	+0.0001%	1h	98.910	+0.190%	$1.3M	$822K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.231%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0036%	1h	98.822	+0.101%	$71K	$45K	10x	as long as short
KuCoin STRCUSDTMshort	+0.0100%	8h	98.850	+0.130%	$315K	$1.0M	20x
HTX STRC-USDT	+0.0100%	8h	98.751	+0.029%	$51K	$364K	10x	as long as short