Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.018%

Price spread now: Injective against Bitget+0.040%51s7-day average — · you sell dearer than you buy

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

Long on Bitget 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.040% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	Bitget STRCUSDT	98.910	0	get 0.0000% / 8h	46m 29s	$4.4M	$79K	20x
Short	Injective STRC/USDC PERP	98.950	0.0033	get 0.0004% / 1h	46m 29s	$3K	$34K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now +0.040%Rate

Funding earned: $7
Price spread: +0.040% → 0.000%: $4.04
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$0.98
Costs to cover: 0.120%
Break-even: 8.0 days

Slippage unknown: Bitget: 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 Bitget live order book, 2 min ago	3.54 bp	17.4 bp −$17	38.1 bp −$381	doesn't fit	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	−0.0468%	8h	98.880	−0.030%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.820	−0.091%	$890K	$208K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.000	+0.091%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.880	−0.030%	$741K	$74K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	+0.051%	$974K	$75K	20x	as long as short
Bitget STRCUSDTlong	0.0000%	8h	98.910	long leg	$4.4M	$79K	20x
Variational Omni STRC	0.0000%	8h	98.966	+0.056%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.991	+0.082%	$70K	$94K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	98.940	+0.030%	$1.4M	$996K	10x	as long as short
Injective STRC/USDC PERPshort	+0.0033%	1h	98.950	+0.040%	$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	98.916	+0.006%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.890	−0.020%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	99.030	+0.121%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.846	−0.065%	$52K	$361K	10x	as long as short