Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: Binance against Injective+0.010%87s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Binance

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 87 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	Injective STRC/USDC PERP	98.950	0.0033	pay 0.0004% / 1h	9m 57s	$3K	$34K	12x
Short	Binance STRCUSDT	98.960	0	get 0.0000% / 8h	3h 09m	$6.0M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.010%Rate

Funding earned: −$7
Price spread: +0.010% → 0.000%: $1.01
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$16.01
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Binance: live order book, 13 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 Binance live order book, 13 min ago	0.50 bp	11.0 bp −$11	39.9 bp −$399	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
Aster STRCUSDT	−0.0475%	8h	98.880	−0.071%	$445K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.911	−0.039%	$896K	$212K	10x	as long as short
Binance STRCUSDTshort	0.0000%	8h	98.960	+0.010%	$6.0M	$3.3M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.820	−0.131%	$742K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	−0.040%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.081%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.947	−0.003%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.949	−0.001%	$70K	$98K	10x	as long as short
QFEX STRC-USD	+0.0002%	1h	98.960	+0.010%	$1.4M	$1.3M	10x	as long as short
tradeXYZ xyz:STRC	+0.0028%	1h	98.890	−0.061%	$10.6M	$2.2M	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	98.844	−0.107%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0088%	8h	98.800	−0.152%	$316K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.798	−0.154%	$52K	$359K	10x	as long as short