STRC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.06 per $10,000 · paid last 24h +0.038%

Price spread now: Lighter against tradeXYZ+0.066%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs+$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on tradeXYZ Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.494%+$49 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.066%, 7d avg +0.101%

Together, before fees+0.502%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.035% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.101%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.494%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:STRC	98.909	0.0050	pay 0.0006% / 1h	34m 33s	$10.6M	$2.2M	10x
Short	Lighter STRC	98.974	0	get 0.0000% / 1h	34m 33s	$840K	$156K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against tradeXYZ. 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 tradeXYZbpFee LighterbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$10.5
Price spread: +0.066% → +0.101%: −$3.53
Slippage, 4 orders: −$14.11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$46.14
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Lighter: live order book, 20 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 tradeXYZ live order book, 4 min ago	1.06 bp	10.2 bp −$10	13.3 bp −$133	doesn't fit	doesn't fit
Sell Lighter live order book, 20 min ago	2.53 bp	6.5 bp −$7	11.1 bp −$111	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	−0.0313%	8h	98.860	−0.050%	$445K	$161K	20x	as long as short
Lighter STRCshort	0.0000%	1h	98.974	+0.066%	$840K	$156K	10x
Binance STRCUSDT	0.0000%	8h	98.960	+0.052%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.870	−0.039%	$743K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.940	+0.031%	$974K	$76K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.039%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.928	+0.019%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.937	+0.028%	$70K	$101K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	98.950	+0.041%	$1.4M	$1.6M	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
tradeXYZ xyz:STRClong	+0.0050%	1h	98.909	long leg	$10.6M	$2.2M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.844	−0.066%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0052%	8h	98.890	−0.019%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.751	−0.160%	$52K	$358K	10x	as long as short