STRC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.041%

Price spread now: tradeXYZ against Lighter−0.067%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.499%−$50 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.067%, 7d avg −0.100%

Together, before fees−0.471%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.034% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.100%. Mind the row above: over the last 7 days funding on this pair cost −0.499%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRC	98.940	0	get 0.0000% / 1h	38m 38s	$840K	$152K	10x
Short	tradeXYZ xyz:STRC	98.874	0.0050	get 0.0006% / 1h	38m 38s	$10.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.067%Rate

Funding earned: $10.5
Price spread: −0.067% → −0.100%: $3.36
Slippage, 4 orders: −$17.63
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.76
Costs to cover: 0.356%
Break-even: 21.5 days

Slippage from Lighter: live order book, 11 min ago; tradeXYZ: live order book, 10 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, 11 min ago	3.69 bp	4.3 bp −$4	10.2 bp −$102	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	1.01 bp	12.0 bp −$12	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	−0.0468%	8h	98.860	−0.081%	$445K	$161K	20x	as long as short
Lighter STRClong	0.0000%	1h	98.940	long leg	$840K	$152K	10x
Binance STRCUSDT	0.0000%	8h	98.967	+0.027%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.830	−0.111%	$742K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	−0.030%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.071%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.978	+0.038%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.967	+0.027%	$70K	$97K	10x	as long as short
QFEX STRC-USD	+0.0002%	1h	98.950	+0.010%	$1.4M	$1.4M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.010%	$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:STRCshort	+0.0050%	1h	98.874	−0.067%	$10.6M	$2.2M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.877	−0.064%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0096%	8h	98.860	−0.081%	$317K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.801	−0.140%	$52K	$359K	10x	as long as short