STRC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0003%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: Lighter against QFEX−0.037%7-day average +0.068% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.037%, 7d avg +0.068%

Together, before fees−0.001%+ Points / potential airdropLighter: Season 3 · farm board$0 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 0.106% cheaper against QFEX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.950	−0.0003	get 0.0000% / 1h	48m 06s	$1.4M	$1.3M	10x
Short	Lighter STRC	98.913	0	get 0.0000% / 1h	48m 06s	$896K	$209K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0.67
Price spread: −0.037% → +0.068%: −$10.59
Slippage, 4 orders: −$17.15
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.06
Costs to cover: 0.271%
Break-even: 393.0 days

Slippage from QFEX: live order book, 3 min ago; Lighter: live order book, 62 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 QFEX live order book, 3 min ago	2.02 bp	8.0 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit
Sell Lighter live order book, 62 min ago	3.69 bp	7.8 bp −$8	10.9 bp −$109	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	−0.0482%	8h	98.880	−0.071%	$445K	$66K	20x	as long as short
QFEX STRC-USDlong	−0.0003%	1h	98.950	long leg	$1.4M	$1.3M	10x
Lighter STRCshort	0.0000%	1h	98.913	−0.037%	$896K	$209K	10x
Binance STRCUSDT	0.0000%	8h	98.970	+0.020%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.830	−0.121%	$742K	$76K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	−0.040%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.860	−0.091%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.938	−0.012%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.945	−0.005%	$70K	$97K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	0.000%	$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	98.936	−0.014%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.841	−0.110%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0092%	8h	98.880	−0.071%	$317K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.744	−0.208%	$52K	$359K	10x	as long as short