STRC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0190%/8h= −20.9% APRnext payment −$0.24 per $10,000 · paid last 24h −0.006%

Price spread now: Lighter against QFEX−0.213%7-day average +0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.213%, 7d avg +0.064%

Together, before fees+0.179%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.277% cheaper against QFEX than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.064%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.024% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.960	0.0006	pay 0.0001% / 1h	47m 30s	$1.4M	$951K	10x
Short	Lighter STRC	98.749	−0.0184	pay 0.0023% / 1h	47m 30s	$889K	$208K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.213%Rate

Funding earned: −$40
Price spread: −0.213% → +0.064%: −$27.69
Slippage, 4 orders: −$35.76
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$113.45
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Lighter: live order book, 48 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 QFEX live order book, 4 min ago	2.02 bp	7.0 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit
Sell Lighter live order book, 48 min ago	8.05 bp	17.1 bp −$17	23.1 bp −$231	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	−0.0491%	8h	98.846	−0.116%	$446K	$67K	20x	as long as short
tradeXYZ xyz:STRC	−0.0190%	1h	98.897	−0.064%	$10.6M	$2.2M	10x	as long as short
Lighter STRCshort	−0.0184%	1h	98.749	−0.213%	$889K	$208K	10x
Binance STRCUSDT	0.0000%	8h	98.987	+0.028%	$6.1M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.900	−0.061%	$742K	$74K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.970	+0.010%	$972K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	−0.061%	$4.4M	$77K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.969	+0.009%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.948	−0.012%	$70K	$93K	10x	as long as short
QFEX STRC-USDlong	+0.0006%	1h	98.960	long leg	$1.4M	$951K	10x

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	−0.010%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.950	−0.010%	$70K	$119K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	99.000	+0.040%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.739	−0.223%	$52K	$362K	10x	as long as short