Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: Lighter against Binance−0.024%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Binance Short on Lighter

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)−0.101%−$10 · spread now −0.024%, 7d avg 0.000%

Together, before fees−0.064%+ Points / potential airdropLighter: Season 3 · farm board−$6 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 0.025% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STRCUSDT	98.994	0	get 0.0000% / 8h	1h 27m	$6.0M	$3.3M	25x
Short	Lighter STRC	98.970	0	get 0.0000% / 1h	27m 00s	$896K	$197K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → 0.000%: −$2.47
Slippage, 4 orders: −$22.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.81
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Lighter: live order book, 13 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 Binance live order book, 11 min ago	0.50 bp	8.9 bp −$9	32.3 bp −$323	91.3 bp −$9,135	doesn't fit
Sell Lighter live order book, 13 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 STRCUSDT	−0.0469%	8h	98.880	−0.115%	$446K	$67K	20x	as long as short
Lighter STRCshort	0.0000%	1h	98.970	−0.024%	$896K	$197K	10x
Binance STRCUSDTlong	0.0000%	8h	98.994	long leg	$6.0M	$3.3M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.880	−0.115%	$741K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	−0.035%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.880	−0.115%	$4.4M	$77K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.968	−0.027%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.964	−0.030%	$70K	$94K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	98.950	−0.045%	$1.4M	$1.1M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.045%	$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	98.939	−0.056%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.892	−0.103%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.850	−0.146%	$315K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.816	−0.180%	$52K	$361K	10x	as long as short