STRC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.011%

Price spread now: Polymarket Perps against Lighter−0.051%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.051%, 7d avg −0.096%

Together, before fees−0.070%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.045% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.968	0	get 0.0000% / 1h	56m 11s	$840K	$160K	10x
Short	Polymarket Perps STRC-USD	98.918	0.0050	get 0.0006% / 1h	56m 11s	$70K	$182K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.051%Rate

Funding earned: $10.5
Price spread: −0.051% → −0.096%: $4.54
Slippage, 4 orders: −$15.99
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$8.95
Costs to cover: 0.240%
Break-even: 13.0 days

Slippage from Lighter: live order book, 14 min ago; Polymarket Perps: live order book, 16 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, 14 min ago	1.82 bp	5.5 bp −$6	9.1 bp −$91	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 16 min ago	2.68 bp	7.3 bp −$7	8.1 bp −$81	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	98.968	long leg	$840K	$160K	10x
Aster STRCUSDT	0.0000%	8h	98.866	−0.103%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	99.040	+0.073%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.920	−0.049%	$741K	$82K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	−0.008%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.099%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.022	+0.054%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.970	+0.002%	$70K	$109K	10x	as long as short
QFEX STRC-USD	+0.0033%	1h	99.030	+0.063%	$1.3M	$1.9M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.018%	$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	98.941	−0.027%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USDshort	+0.0050%	1h	98.918	−0.051%	$70K	$182K	10x
KuCoin STRCUSDTM	+0.0100%	8h	98.870	−0.099%	$304K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.834	−0.135%	$52K	$357K	10x	as long as short