Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Gate+0.051%111s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1271.272% of the position

Long on Gate Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 3 days (all we have)−0.087%−$9 · spread now +0.051%, 7d avg +0.007%

Together, before fees−0.180%+ Points / potential airdropGRVT: Active · farm board−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.044% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 111 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	Gate STRC_USDT	98.890	0	get 0.0000% / 8h	55m 42s	$974K	$79K	20x
Short	GRVT STRC_USDT_Perp	98.940	0	get 0.0000% / 8h	55m 42s	$70K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Gate. 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 GatebpFee GRVTbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.007%: $4.39
Slippage, 4 orders: −$103.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$122.84
Costs to cover: 1.272%
Break-even: never at this rate

Slippage from Gate: live order book, 21 min ago; GRVT: live order book, 20 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 Gate live order book, 21 min ago	6.07 bp	26.7 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 20 min ago	2.53 bp	18.6 bp −$19	48.3 bp −$483	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	98.933	+0.043%	$840K	$167K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.791	−0.100%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.976	+0.087%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	+0.020%	$741K	$83K	25x	as long as short
Gate STRC_USDTlong	0.0000%	8h	98.890	long leg	$974K	$79K	20x
Bitget STRCUSDT	0.0000%	8h	98.850	−0.040%	$4.4M	$82K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.957	+0.067%	$1.5M	$263K	—	as long as short
GRVT STRC_USDT_Perpshort	0.0000%	8h	98.940	+0.051%	$70K	$111K	10x
QFEX STRC-USD	+0.0014%	1h	98.980	+0.091%	$1.4M	$1.8M	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:STRC	+0.0050%	1h	98.929	+0.039%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.878	−0.012%	$70K	$182K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.800	−0.091%	$304K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.795	−0.096%	$52K	$357K	10x	as long as short