STRC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.041%

Price spread now: Lighter against tradeXYZ+0.038%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs+$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.499%+$50 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.038%, 7d avg +0.100%

Together, before fees+0.500%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.062% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.100%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.499%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:STRC	98.890	0.0024	pay 0.0003% / 1h	15m 12s	$10.6M	$2.2M	10x
Short	Lighter STRC	98.928	0	get 0.0000% / 1h	15m 12s	$840K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against tradeXYZ. 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 tradeXYZbpFee LighterbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$5.05
Price spread: +0.038% → +0.100%: −$6.19
Slippage, 4 orders: −$20.36
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$49.6
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Lighter: live order book, 35 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 tradeXYZ live order book, 3 min ago	0.86 bp	12.7 bp −$13	16.7 bp −$167	doesn't fit	doesn't fit
Sell Lighter live order book, 35 min ago	3.69 bp	7.8 bp −$8	10.9 bp −$109	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	−0.0473%	8h	98.880	−0.010%	$445K	$67K	20x	as long as short
Lighter STRCshort	0.0000%	1h	98.928	+0.038%	$840K	$152K	10x
Binance STRCUSDT	0.0000%	8h	98.965	+0.076%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.820	−0.071%	$742K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	+0.020%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.020%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.948	+0.058%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.940	+0.050%	$70K	$98K	10x	as long as short
QFEX STRC-USD	+0.0002%	1h	98.960	+0.071%	$1.4M	$1.4M	10x	as long as short
tradeXYZ xyz:STRClong	+0.0024%	1h	98.890	long leg	$10.6M	$2.2M	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	+0.061%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.844	−0.047%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0094%	8h	98.800	−0.091%	$317K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.774	−0.117%	$52K	$359K	10x	as long as short