Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%

Price spread now: Bitget against Lighter−0.082%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$910.912% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.082%, 7d avg −0.043%

Together, before fees+0.046%+ Points / potential airdropLighter: Season 3 · farm board+$5 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: Bitget is 0.039% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.931	0	get 0.0000% / 1h	49m 23s	$840K	$167K	10x
Short	Bitget STRCUSDT	98.850	0	get 0.0000% / 8h	1h 49m	$4.4M	$79K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → −0.043%: −$3.9
Slippage, 4 orders: −$79.24
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$95.14
Costs to cover: 0.912%
Break-even: never at this rate

Slippage from Lighter: live order book, 31 min ago; Bitget: live order book, 4 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, 31 min ago	2.88 bp	7.9 bp −$8	25.4 bp −$254	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.54 bp	48.2 bp −$48	71.0 bp −$710	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	−0.0011%	8h	98.813	−0.119%	$445K	$165K	20x	as long as short
Lighter STRClong	0.0000%	1h	98.931	long leg	$840K	$167K	10x
Binance STRCUSDT	0.0000%	8h	98.945	+0.014%	$6.0M	$3.2M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.850	−0.082%	$741K	$83K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.950	+0.019%	$974K	$79K	20x	as long as short
Bitget STRCUSDTshort	0.0000%	8h	98.850	−0.082%	$4.4M	$79K	20x
Variational Omni STRC	0.0000%	8h	98.937	+0.006%	$1.4M	$184K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.960	+0.029%	$70K	$112K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.019%	$3K	$34K	12x	as long as short
tradeXYZ xyz:STRC	+0.0050%	1h	98.904	−0.027%	$10.7M	$2.1M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps STRC-USD	+0.0050%	1h	98.863	−0.069%	$70K	$182K	10x	as long as short
QFEX STRC-USD	+0.0059%	1h	98.950	+0.019%	$1.4M	$1.7M	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.840	−0.092%	$304K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.781	−0.152%	$52K	$356K	10x	as long as short