Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against Binance−0.071%87s7-day average — · you buy dearer than you sell

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 0.071% cheaper against Binance than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 7.1 days of funding at the current rate (+$1 a day). The two prices were read 87 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STRCUSDT	99.020	0	get 0.0000% / 8h	1h 35m	$6.0M	$3.3M	25x
Short	Injective STRC/USDC PERP	98.950	0.0033	get 0.0004% / 1h	35m 51s	$3K	$34K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now −0.071%Rate

Funding earned: $7
Price spread: −0.071% → 0.000%: −$7.07
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$10.09
Costs to cover: 0.100%
Break-even: 17.1 days

Slippage unknown: Binance: live order book, 2 min ago; Injective: no order-book sample. 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 Binance live order book, 2 min ago	0.50 bp	8.9 bp −$9	32.3 bp −$323	91.3 bp −$9,135	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0463%	8h	98.888	−0.133%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.970	−0.050%	$896K	$197K	10x	as long as short
Binance STRCUSDTlong	0.0000%	8h	99.020	long leg	$6.0M	$3.3M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.880	−0.141%	$741K	$73K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	−0.061%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.880	−0.141%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.998	−0.023%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.007	−0.013%	$70K	$94K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	98.980	−0.040%	$1.4M	$1.1M	10x	as long as short
Injective STRC/USDC PERPshort	+0.0033%	1h	98.950	−0.071%	$3K	$34K	12x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:STRC	+0.0050%	1h	98.941	−0.080%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.908	−0.113%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.910	−0.111%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.830	−0.192%	$52K	$360K	10x	as long as short