Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against Gate−0.051%84s7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.051% cheaper against Gate than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5.1 days of funding at the current rate (+$1 a day). The two prices were read 84 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	99.000	0	get 0.0000% / 8h	4h 51m	$975K	$76K	20x
Short	Injective STRC/USDC PERP	98.950	0.0033	get 0.0004% / 1h	51m 52s	$3K	$34K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.051%Rate

Funding earned: $7
Price spread: −0.051% → 0.000%: −$5.05
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$13.07
Costs to cover: 0.150%
Break-even: 20.1 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	5.05 bp	22.7 bp −$23	doesn't fit	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	−0.0245%	8h	98.860	−0.142%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.989	−0.011%	$840K	$156K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.024	+0.025%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.870	−0.131%	$743K	$73K	25x	as long as short
Gate STRC_USDTlong	0.0000%	8h	99.000	long leg	$975K	$76K	20x
Bitget STRCUSDT	0.0000%	8h	98.900	−0.101%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.019	+0.019%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.000	0.000%	$70K	$101K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	99.010	+0.010%	$1.3M	$1.7M	10x	as long as short
Injective STRC/USDC PERPshort	+0.0033%	1h	98.950	−0.051%	$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	98.911	−0.090%	$10.7M	$2.1M	10x	as long as short
KuCoin STRCUSDTM	+0.0050%	8h	98.890	−0.111%	$317K	$1.0M	20x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.913	−0.088%	$70K	$159K	10x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.830	−0.172%	$52K	$357K	10x	as long as short