Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.037%

Price spread now: tradeXYZ against Aster+0.127%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.520%−$52 on $10k

Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.127%, 7d avg −0.034%

Together, before fees−0.675%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board−$68 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 0.161% dearer against Aster than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.520%, 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	Aster STRCUSDT	98.789	0	get 0.0000% / 8h	19m 30s	$445K	$166K	20x
Short	tradeXYZ xyz:STRC	98.915	0.0050	get 0.0006% / 1h	19m 30s	$10.7M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aster. 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 AsterbpFee tradeXYZbpOrdersPrice spread, now +0.127%Rate

Funding earned: $10.5
Price spread: +0.127% → −0.034%: $16.11
Slippage, 4 orders: −$41.44
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$40.82
Costs to cover: 0.674%
Break-even: 34.2 days

Slippage from Aster: live order book, 58 min ago; tradeXYZ: live order book, 9 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 Aster live order book, 58 min ago	5.06 bp	16.7 bp −$17	26.2 bp −$262	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	1.06 bp	12.5 bp −$13	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
Lighter STRC	0.0000%	1h	98.943	+0.155%	$840K	$167K	10x	as long as short
Aster STRCUSDTlong	0.0000%	8h	98.789	long leg	$445K	$166K	20x
Binance STRCUSDT	0.0000%	8h	98.970	+0.183%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.860	+0.071%	$741K	$82K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.950	+0.162%	$974K	$80K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.840	+0.051%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.952	+0.164%	$1.5M	$261K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.931	+0.143%	$70K	$109K	10x	as long as short
QFEX STRC-USD	+0.0014%	1h	98.970	+0.183%	$1.4M	$1.8M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.162%	$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	98.915	+0.127%	$10.7M	$2.1M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.861	+0.072%	$70K	$182K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.800	+0.011%	$304K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.806	+0.017%	$52K	$358K	10x	as long as short