STRC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h +0.013%

Price spread now: QFEX against Lighter+0.012%7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Lighter Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.012%, 7d avg −0.073%

Together, before fees+0.040%+ Points / potential airdropLighter: Season 3 · farm board+$4 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: QFEX is 0.085% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.998	0	get 0.0000% / 1h	15m 59s	$840K	$160K	10x
Short	QFEX STRC-USD	99.010	0.0009	get 0.0001% / 1h	15m 59s	$1.3M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.012%Rate

Funding earned: $1.9
Price spread: +0.012% → −0.073%: $8.48
Slippage, 4 orders: −$19.12
Fee Lighter: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.74
Costs to cover: 0.291%
Break-even: 76.1 days

Slippage from Lighter: live order book, 49 min ago; QFEX: live order book, 6 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, 49 min ago	4.60 bp	6.7 bp −$7	10.1 bp −$101	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	2.02 bp	9.0 bp −$9	14.8 bp −$148	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	98.998	long leg	$840K	$160K	10x
Aster STRCUSDT	0.0000%	8h	98.859	−0.140%	$445K	$161K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	99.020	+0.022%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	−0.089%	$742K	$74K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.010	+0.012%	$975K	$78K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	−0.099%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.007	+0.009%	$1.5M	$262K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.993	−0.005%	$70K	$105K	10x	as long as short
QFEX STRC-USDshort	+0.0009%	1h	99.010	+0.012%	$1.3M	$1.8M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.048%	$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	98.931	−0.068%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.914	−0.085%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0056%	8h	98.870	−0.129%	$314K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.753	−0.247%	$52K	$356K	10x	as long as short