Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.029%

Price spread now: Aster against Injective−0.099%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.099% cheaper against Injective than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective STRC/USDC PERP	98.950	0.0033	pay 0.0004% / 1h	17m 18s	$3K	$34K	12x
Short	Aster STRCUSDT	98.852	0	get 0.0000% / 8h	7h 17m	$445K	$166K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$7
Price spread: −0.099% → 0.000%: −$9.89
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.91
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Aster: live order book, 55 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 55 min ago	2.02 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit

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
Lighter STRC	0.0000%	1h	98.925	−0.025%	$840K	$160K	10x	as long as short
Aster STRCUSDTshort	0.0000%	8h	98.852	−0.099%	$445K	$166K	20x
Binance STRCUSDT	0.0000%	8h	98.930	−0.020%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.850	−0.101%	$741K	$76K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	−0.040%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.850	−0.101%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.949	−0.001%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.940	−0.010%	$70K	$105K	10x	as long as short
tradeXYZ xyz:STRC	+0.0002%	1h	98.829	−0.122%	$10.7M	$2.1M	10x	as long as short
QFEX STRC-USD	+0.0033%	1h	98.920	−0.030%	$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 PERPlong	+0.0033%	1h	98.950	long leg	$3K	$34K	12x
Polymarket Perps STRC-USD	+0.0050%	1h	98.830	−0.121%	$70K	$171K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.770	−0.182%	$305K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.675	−0.278%	$52K	$357K	10x	as long as short