Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.047%

Price spread now: Polymarket Perps against HTX+0.147%46s7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as 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−$890.886% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.147%, 7d avg +0.092%

Together, before fees−0.252%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.055% dearer against HTX than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of +0.092%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.238% in total) that is about 39 hours. The two prices were read 46 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	98.763	0.0100	pay 0.0100% / 8h	1h 36m	$52K	$360K	10x
Short	Polymarket Perps STRC-USD	98.908	0.0050	get 0.0006% / 1h	36m 22s	$70K	$162K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.147%Rate

Funding earned: −$10.5
Price spread: +0.147% → +0.092%: $5.46
Slippage, 4 orders: −$68.64
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$93.68
Costs to cover: 0.886%
Break-even: never at this rate

Slippage from HTX: live order book, 6 min ago; Polymarket Perps: live order book, 5 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 HTX live order book, 6 min ago	8.20 bp	59.0 bp −$59	94.2 bp −$942	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	2.83 bp	7.2 bp −$7	8.4 bp −$84	10.5 bp −$1,053	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
Aster STRCUSDT	−0.0463%	8h	98.887	+0.125%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.975	+0.215%	$896K	$197K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.020	+0.260%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.880	+0.118%	$741K	$73K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	+0.199%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.880	+0.118%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.018	+0.258%	$1.5M	$256K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.007	+0.247%	$70K	$94K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	98.980	+0.220%	$1.4M	$1.1M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.189%	$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	98.941	+0.180%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USDshort	+0.0050%	1h	98.908	+0.147%	$70K	$162K	10x
KuCoin STRCUSDTM	+0.0100%	8h	98.890	+0.129%	$316K	$1.0M	20x	as long as short
HTX STRC-USDTlong	+0.0100%	8h	98.763	long leg	$52K	$360K	10x