Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.079%

Price spread now: tradeXYZ against HTX+0.134%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1031.028% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.745%−$75 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.134%, 7d avg +0.079%

Together, before fees−0.772%+ Points / potential airdroptradeXYZ: Active · farm board−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.055% dearer against HTX than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.079%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.745% in total) that is about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX STRC-USDT	98.734	0.0100	pay 0.0100% / 8h	7h 04m	$52K	$357K	10x
Short	tradeXYZ xyz:STRC	98.866	−0.0015	pay 0.0002% / 1h	4m 14s	$10.7M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$24.18
Price spread: +0.134% → +0.079%: $5.47
Slippage, 4 orders: −$72.78
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$121.5
Costs to cover: 1.028%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; tradeXYZ: 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, 4 min ago	10.38 bp	59.5 bp −$60	126.9 bp −$1,269	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 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	−0.0015%	1h	98.866	+0.134%	$10.7M	$2.1M	10x
Lighter STRC	0.0000%	1h	98.946	+0.215%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.856	+0.123%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.940	+0.209%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.850	+0.117%	$741K	$76K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	+0.178%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	+0.138%	$4.4M	$79K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.927	+0.195%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.907	+0.175%	$70K	$106K	10x	as long as short
QFEX STRC-USD	+0.0033%	1h	98.930	+0.199%	$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	+0.219%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.844	+0.111%	$70K	$171K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.760	+0.026%	$304K	$1.0M	20x	as long as short
HTX STRC-USDTlong	+0.0100%	8h	98.734	long leg	$52K	$357K	10x