Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.055%

Price spread now: tradeXYZ against Binance−0.069%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.463%−$46 on $10k

Price spread, last 7 days−0.037%−$4 · spread now −0.069%, 7d avg −0.112%

Together, before fees−0.500%+ Points / potential airdroptradeXYZ: Active · farm board−$50 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 0.043% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.112%. Mind the row above: over the last 7 days funding on this pair cost −0.463%, 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	Binance STRCUSDT	99.010	0	get 0.0000% / 8h	1h 20m	$6.0M	$3.3M	25x
Short	tradeXYZ xyz:STRC	98.942	0.0050	get 0.0006% / 1h	20m 56s	$10.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.069%Rate

Funding earned: $10.5
Price spread: −0.069% → −0.112%: $4.3
Slippage, 4 orders: −$15.38
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$28.58
Costs to cover: 0.434%
Break-even: 26.1 days

Slippage from Binance: live order book, 2 min ago; tradeXYZ: live order book, 8 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 Binance live order book, 2 min ago	0.50 bp	10.4 bp −$10	34.6 bp −$346	95.1 bp −$9,514	doesn't fit
Sell tradeXYZ live order book, 8 min ago	1.06 bp	12.8 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
Aster STRCUSDT	−0.0464%	8h	98.880	−0.131%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.966	−0.044%	$895K	$198K	10x	as long as short
Binance STRCUSDTlong	0.0000%	8h	99.010	long leg	$6.0M	$3.3M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.880	−0.131%	$741K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	−0.050%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.910	−0.101%	$4.4M	$77K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.978	−0.033%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.980	−0.030%	$70K	$95K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	98.940	−0.071%	$1.3M	$1.1M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.061%	$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	98.942	−0.069%	$10.6M	$2.2M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.897	−0.114%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.870	−0.141%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.806	−0.206%	$52K	$361K	10x	as long as short