Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: Variational Omni against Lighter+0.027%7-day average −0.020% · you sell dearer than you buy

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.027%, 7d avg −0.020%

Together, before fees+0.120%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$12 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: Variational Omni is 0.047% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.991	0	get 0.0000% / 1h	55m 04s	$840K	$151K	10x
Short	Variational Omni STRC	99.018	0	get 0.0000% / 8h	3h 55m	$1.5M	$260K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.020%: $4.7
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $4.7
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 60 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 60 min ago	2.53 bp	2.9 bp −$3	10.3 bp −$103	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.61 bp	doesn't fit	57.1 bp −$571	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	−0.0420%	8h	98.860	−0.133%	$445K	$161K	20x	as long as short
Lighter STRClong	0.0000%	1h	98.991	long leg	$840K	$151K	10x
Binance STRCUSDT	0.0000%	8h	99.035	+0.044%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.920	−0.072%	$743K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.990	−0.001%	$975K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	−0.092%	$4.4M	$72K	20x	as long as short
Variational Omni STRCshort	0.0000%	8h	99.018	+0.027%	$1.5M	$260K	—
GRVT STRC_USDT_Perp	0.0000%	8h	99.000	+0.009%	$70K	$99K	10x	as long as short
QFEX STRC-USD	+0.0002%	1h	99.010	+0.019%	$1.4M	$1.5M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.041%	$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	98.929	−0.063%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.916	−0.076%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.940	−0.052%	$317K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.786	−0.207%	$52K	$359K	10x	as long as short