Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Lighter against Variational Omni−0.013%7-day average +0.019% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

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)−0.114%−$11 · spread now −0.013%, 7d avg +0.019%

Together, before fees−0.155%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$15 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: Lighter is 0.032% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRC	98.968	0	get 0.0000% / 8h	2h 17m	$1.5M	$255K	—
Short	Lighter STRC	98.955	0	get 0.0000% / 1h	17m 39s	$896K	$209K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.019%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.16
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Lighter: live order book, 27 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 Variational Omni RFQ quote, 1 min ago	2.61 bp	doesn't fit	44.2 bp −$442	doesn't fit	doesn't fit
Sell Lighter live order book, 27 min ago	1.82 bp	5.7 bp −$6	14.2 bp −$142	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	−0.0479%	8h	98.880	−0.089%	$445K	$66K	20x	as long as short
QFEX STRC-USD	−0.0003%	1h	98.940	−0.028%	$1.4M	$1.2M	10x	as long as short
Lighter STRCshort	0.0000%	1h	98.955	−0.013%	$896K	$209K	10x
Binance STRCUSDT	0.0000%	8h	98.978	+0.010%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.880	−0.089%	$742K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	−0.008%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.910	−0.058%	$4.4M	$72K	20x	as long as short
Variational Omni STRClong	0.0000%	8h	98.968	long leg	$1.5M	$255K	—
GRVT STRC_USDT_Perp	0.0000%	8h	98.959	−0.009%	$70K	$97K	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%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.885	−0.084%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.920	−0.048%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.778	−0.192%	$52K	$359K	10x	as long as short