Funding arb · Price arb /

STRC

RWAall STRC markets

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: Binance against Lighter+0.090%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now +0.090%, 7d avg −0.001%

Together, before fees+0.015%+ Points / potential airdropLighter: Season 3 · farm board+$2 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: Binance is 0.091% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.971	0	get 0.0000% / 1h	4m 44s	$897K	$209K	10x
Short	Binance STRCUSDT	99.060	0	get 0.0000% / 8h	2h 04m	$6.0M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → −0.001%: $9.1
Slippage, 4 orders: −$18.7
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.61
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Lighter: live order book, 40 min ago; Binance: live order book, 3 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, 40 min ago	1.82 bp	5.5 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	0.50 bp	9.1 bp −$9	38.0 bp −$380	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	−0.0475%	8h	98.880	−0.092%	$445K	$67K	20x	as long as short
QFEX STRC-USD	−0.0003%	1h	99.010	+0.039%	$1.4M	$1.2M	10x	as long as short
Lighter STRClong	0.0000%	1h	98.971	long leg	$897K	$209K	10x
Binance STRCUSDTshort	0.0000%	8h	99.060	+0.090%	$6.0M	$3.3M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	−0.062%	$741K	$76K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	−0.011%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.950	−0.021%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.048	+0.077%	$1.5M	$256K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.040	+0.070%	$70K	$95K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.021%	$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	98.945	−0.026%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.945	−0.026%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.930	−0.041%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.811	−0.162%	$52K	$360K	10x	as long as short