STRC

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.046%

Price spread now: tradeXYZ against Lighter−0.039%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.500%−$50 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.039%, 7d avg −0.099%

Together, before fees−0.498%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$50 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 tradeXYZ is 0.059% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.099%. Mind the row above: over the last 7 days funding on this pair cost −0.500%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.979	0	get 0.0000% / 1h	44m 03s	$896K	$197K	10x
Short	tradeXYZ xyz:STRC	98.940	0.0050	get 0.0006% / 1h	44m 03s	$10.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.039%Rate

Funding earned: $10.5
Price spread: −0.039% → −0.099%: $5.93
Slippage, 4 orders: −$16.97
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$18.54
Costs to cover: 0.350%
Break-even: 19.4 days

Slippage from Lighter: live order book, 61 min ago; tradeXYZ: 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, 61 min ago	1.82 bp	5.5 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	1.26 bp	13.5 bp −$13	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	−0.0468%	8h	98.880	−0.100%	$446K	$67K	20x	as long as short
Lighter STRClong	0.0000%	1h	98.979	long leg	$896K	$197K	10x
Binance STRCUSDT	0.0000%	8h	99.025	+0.046%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	−0.070%	$741K	$76K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	−0.019%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.880	−0.100%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.998	+0.019%	$1.5M	$256K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.992	+0.013%	$70K	$95K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	98.970	−0.009%	$1.4M	$1.1M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.029%	$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:STRCshort	+0.0050%	1h	98.940	−0.039%	$10.6M	$2.2M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.914	−0.066%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.920	−0.060%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.791	−0.190%	$52K	$360K	10x	as long as short