Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Lighter against Variational Omni−0.180%7-day average +0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.180%, 7d avg +0.011%

Together, before fees+0.008%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$1 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 0.191% cheaper against Variational Omni than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRC	98.900	0	get 0.0000% / 8h	5h 06m	$1.4M	$238K	—
Short	Lighter STRC	98.722	0	get 0.0000% / 1h	6m 59s	$888K	$141K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.180%Rate

Funding earned: $0
Price spread: −0.180% → +0.011%: −$19.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.08
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Lighter: live order book, 36 min ago. Net counts fees only.

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 Variational Omni RFQ quote, just now	2.61 bp	doesn't fit	33.8 bp −$338	doesn't fit	doesn't fit
Sell Lighter live order book, 36 min ago	4.05 bp	19.3 bp −$19	27.0 bp −$270	doesn't fit	doesn't fit

STRC on 14 exchanges

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
tradeXYZ xyz:STRC	−0.0436%	1h	98.829	−0.072%	$10.5M	$2.4M	10x	as long as short
Aster STRCUSDT	−0.0332%	8h	98.894	−0.006%	$446K	$67K	20x	as long as short
Lighter STRCshort	0.0000%	1h	98.722	−0.180%	$888K	$141K	10x
Binance STRCUSDT	0.0000%	8h	98.940	+0.041%	$6.1M	$3.2M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.850	−0.050%	$741K	$63K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.920	+0.020%	$971K	$58K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.830	−0.071%	$4.4M	$68K	20x	as long as short
Variational Omni STRClong	0.0000%	8h	98.900	long leg	$1.4M	$238K	—
GRVT STRC_USDT_Perp	0.0000%	8h	98.910	+0.010%	$70K	$95K	10x	as long as short
QFEX STRC-USD	+0.0001%	1h	98.910	+0.010%	$1.3M	$821K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.051%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0038%	1h	98.826	−0.075%	$71K	$45K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.860	−0.040%	$315K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.768	−0.133%	$51K	$364K	10x	as long as short