Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0457%/8h= +50.0% APRpaid last 24h +0.010%

Price spread now: Lighter against Aster+0.092%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$580.580% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.092%, 7d avg +0.072%

Together, before fees−0.044%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Lighter is 0.020% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.072%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% a year). A funding rate is set anew for every payment. 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	Aster STRCUSDT	98.880	−0.0457	get 0.0457% / 8h	1h 01m	$446K	$67K	20x
Short	Lighter STRC	98.971	0	get 0.0000% / 1h	1m 57s	$895K	$198K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.092%Rate

Funding earned: $95.93
Price spread: +0.092% → +0.072%: $2.04
Slippage, 4 orders: −$49.99
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $39.99
Costs to cover: 0.580%
Break-even: 4.1 days

Slippage from Aster: live order book, 40 min ago; Lighter: live order book, 38 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 Aster live order book, 40 min ago	3.04 bp	9.3 bp −$9	16.4 bp −$164	doesn't fit	doesn't fit
Sell Lighter live order book, 38 min ago	3.79 bp	9.5 bp −$9	16.2 bp −$162	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 STRCUSDTlong	−0.0457%	8h	98.880	long leg	$446K	$67K	20x
Lighter STRCshort	0.0000%	1h	98.971	+0.092%	$895K	$198K	10x
Binance STRCUSDT	0.0000%	8h	99.000	+0.121%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.900	+0.020%	$741K	$71K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	+0.081%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.010%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.008	+0.129%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.004	+0.125%	$70K	$94K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	98.970	+0.091%	$1.4M	$1.0M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.071%	$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	98.940	+0.061%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.902	+0.022%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.920	+0.040%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.774	−0.107%	$52K	$360K	10x	as long as short