Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: Bitget against GRVT−0.121%113s7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as 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−$730.726% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.121%, 7d avg −0.027%

Together, before fees+0.187%+ Points / potential airdropGRVT: Active · farm board+$19 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: Bitget is 0.094% cheaper against GRVT than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.027%. The two prices were read 113 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	GRVT STRC_USDT_Perp	99.010	0	get 0.0000% / 8h	6h 05m	$70K	$105K	10x
Short	Bitget STRCUSDT	98.890	0	get 0.0000% / 8h	6h 05m	$4.4M	$77K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0
Price spread: −0.121% → −0.027%: −$9.44
Slippage, 4 orders: −$51.57
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$82.01
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from GRVT: live order book, 61 min ago; Bitget: live order book, 2 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 GRVT live order book, 61 min ago	2.53 bp	10.3 bp −$10	40.3 bp −$403	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	2.53 bp	19.7 bp −$20	62.3 bp −$623	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	98.994	−0.016%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.860	−0.152%	$445K	$161K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	99.024	+0.014%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	−0.101%	$742K	$74K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.010	0.000%	$975K	$78K	20x	as long as short
Bitget STRCUSDTshort	0.0000%	8h	98.890	−0.121%	$4.4M	$77K	20x
Variational Omni STRC	0.0000%	8h	99.008	−0.002%	$1.5M	$262K	—	as long as short
GRVT STRC_USDT_Perplong	0.0000%	8h	99.010	long leg	$70K	$105K	10x
QFEX STRC-USD	+0.0009%	1h	99.010	0.000%	$1.3M	$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	98.920	−0.091%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.913	−0.098%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0068%	8h	98.910	−0.101%	$314K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.831	−0.181%	$52K	$356K	10x	as long as short