Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: OKX against Lighter−0.102%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now −0.102%, 7d avg −0.081%

Together, before fees−0.028%+ Points / potential airdropLighter: Season 3 · farm board−$3 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: OKX is 0.021% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.991	0	get 0.0000% / 1h	2m 37s	$840K	$160K	10x
Short	OKX STRC-USDT-SWAP	98.890	0	get 0.0000% / 8h	5h 02m	$742K	$73K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.081%: −$2.09
Slippage, 4 orders: −$31.94
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$44.03
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from Lighter: live order book, 57 min ago; OKX: live order book, 58 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, 57 min ago	2.58 bp	3.1 bp −$3	10.3 bp −$103	doesn't fit	doesn't fit
Sell OKX live order book, 58 min ago	1.01 bp	18.9 bp −$19	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
Aster STRCUSDT	−0.0204%	8h	98.860	−0.133%	$445K	$161K	20x	as long as short
Lighter STRClong	0.0000%	1h	98.991	long leg	$840K	$160K	10x
Binance STRCUSDT	0.0000%	8h	99.015	+0.024%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAPshort	0.0000%	8h	98.890	−0.102%	$742K	$73K	25x
Gate STRC_USDT	0.0000%	8h	98.990	−0.001%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.890	−0.102%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.996	+0.005%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.961	−0.030%	$70K	$100K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	98.990	−0.001%	$1.3M	$1.7M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.041%	$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
KuCoin STRCUSDTM	+0.0046%	8h	98.890	−0.102%	$317K	$1.0M	20x	as long as short
tradeXYZ xyz:STRC	+0.0050%	1h	98.909	−0.083%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.896	−0.096%	$70K	$159K	10x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.780	−0.213%	$52K	$357K	10x	as long as short