Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h −0.049%

Price spread now: tradeXYZ against GRVT−0.040%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.447%−$45 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.040%, 7d avg −0.087%

Together, before fees−0.440%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.046% dearer against GRVT than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.087%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.447% in total) that is about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT STRC_USDT_Perp	98.906	0	get 0.0000% / 8h	7h 01m	$70K	$106K	10x
Short	tradeXYZ xyz:STRC	98.866	−0.0014	pay 0.0002% / 1h	1m 24s	$10.7M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$2.85
Price spread: −0.040% → −0.087%: $4.65
Slippage, 4 orders: −$20.3
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$45.5
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; tradeXYZ: live order book, 7 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, 6 min ago	2.53 bp	10.3 bp −$10	40.3 bp −$403	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.06 bp	13.1 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
tradeXYZ xyz:STRCshort	−0.0014%	1h	98.866	−0.040%	$10.7M	$2.1M	10x
Lighter STRC	0.0000%	1h	98.940	+0.035%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.856	−0.050%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.947	+0.041%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.820	−0.087%	$741K	$76K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	+0.004%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.036%	$4.4M	$79K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.927	+0.021%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perplong	0.0000%	8h	98.906	long leg	$70K	$106K	10x
QFEX STRC-USD	+0.0033%	1h	98.930	+0.025%	$1.3M	$1.9M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.045%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.851	−0.055%	$70K	$171K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.770	−0.137%	$304K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.792	−0.115%	$52K	$357K	10x	as long as short