Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Aster against Lighter−0.106%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.106%, 7d avg −0.070%

Together, before fees+0.069%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$7 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: Aster is 0.037% 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 −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.963	0	get 0.0000% / 1h	40m 33s	$840K	$160K	10x
Short	Aster STRCUSDT	98.858	0	get 0.0000% / 8h	6h 40m	$445K	$161K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → −0.070%: −$3.7
Slippage, 4 orders: −$48.99
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$60.69
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from Lighter: live order book, 24 min ago; Aster: live order book, 27 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, 24 min ago	4.60 bp	6.7 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit
Sell Aster live order book, 27 min ago	5.06 bp	32.0 bp −$32	doesn't fit	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
Lighter STRClong	0.0000%	1h	98.963	long leg	$840K	$160K	10x
Aster STRCUSDTshort	0.0000%	8h	98.858	−0.106%	$445K	$161K	20x
Binance STRCUSDT	0.0000%	8h	98.991	+0.029%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.850	−0.114%	$741K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.970	+0.007%	$974K	$78K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	−0.064%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.980	+0.017%	$1.5M	$261K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.943	−0.020%	$70K	$105K	10x	as long as short
QFEX STRC-USD	+0.0009%	1h	98.980	+0.017%	$1.3M	$1.8M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.013%	$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	98.900	−0.064%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.878	−0.086%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0073%	8h	98.830	−0.134%	$310K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.810	−0.155%	$52K	$356K	10x	as long as short