STRC token vs the real share

STRCx on Solana against the ordinary share, sampled every 15 minutes

STRC token vs the real share

STRCx on Solana against the ordinary STRC share, sampled every 15 minutes.
Latest basis
+0.32%
token trades above the share · 2026-10-20 08:44 UTC
token$98.854vsshare$98.5369
Pool depth $202K

Basis history

90d · 24h buckets · 6175 samples
negative = token cheaper than the share
+1.21%0-0.43%
12 Aug20 Oct
+0.05%Average
-1.57%Widest discount
+2.79%Widest premium
4852Distinct token prices

Why this matters for a delta-neutral position

The gap is the entry cost

The perps on STRC price off the ordinary share — marks sit within about 0.10–0.15% of it — while the long leg of the carry is bought as a token on Solana. So this gap is not a curiosity: it is the entry cost of the position, charged in full on the way in. Buying at a discount is a rebate if the gap closes before you exit and a loss if it widens, which is precisely the question this series was started to settle.

Distinct token prices is the sanity check

If the count is 1, nothing traded and the number above is a leftover quote. Samples land every 15 minutes and are kept 90 days. Readings beyond ±20% are never recorded — past that it is a broken pool quote, not a basis.