Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against HTX+0.231%65s7-day average — · you sell dearer than you buy

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

Long on HTX 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

The price spread pays, funding is against you. Injective is 0.231% dearer against HTX than usual: you sell high and buy low (spread +0.231% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. The two prices were read 65 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	HTX STRC-USDT	98.722	0.0100	pay 0.0100% / 8h	2h 30m	$52K	$355K	10x
Short	Injective STRC/USDC PERP	98.950	0.0033	get 0.0004% / 1h	30m 21s	$3K	$34K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +0.231%Rate

Funding earned: −$14
Price spread: +0.231% → 0.000%: $23.1
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$2.92
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 57 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 HTX live order book, 57 min ago	11.40 bp	53.5 bp −$54	90.2 bp −$902	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	−0.0117%	8h	98.849	+0.128%	$445K	$169K	20x	as long as short
Lighter STRC	0.0000%	1h	98.920	+0.201%	$840K	$166K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.943	+0.224%	$6.0M	$3.2M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.820	+0.099%	$741K	$81K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.850	+0.130%	$973K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.860	+0.140%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.931	+0.211%	$1.4M	$184K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.908	+0.188%	$70K	$111K	10x	as long as short
QFEX STRC-USD	+0.0026%	1h	98.930	+0.211%	$1.3M	$1.6M	10x	as long as short
Injective STRC/USDC PERPshort	+0.0033%	1h	98.950	+0.231%	$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	98.888	+0.168%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.841	+0.121%	$70K	$182K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.880	+0.160%	$303K	$1.1M	20x	as long as short
HTX STRC-USDTlong	+0.0100%	8h	98.722	long leg	$52K	$355K	10x