Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Injective−0.061%84s7-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 Gate

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.061% cheaper against Injective than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 84 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	55m 48s	$3K	$34K	12x
Short	Gate STRC_USDT	98.890	0	get 0.0000% / 8h	55m 48s	$974K	$79K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.061%Rate

Funding earned: −$7
Price spread: −0.061% → 0.000%: −$6.06
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$28.08
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Gate: live order book, 21 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 Gate live order book, 21 min ago	6.07 bp	67.1 bp −$67	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	98.932	−0.018%	$840K	$167K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.786	−0.165%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.977	+0.028%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	−0.040%	$741K	$83K	25x	as long as short
Gate STRC_USDTshort	0.0000%	8h	98.890	−0.061%	$974K	$79K	20x
Bitget STRCUSDT	0.0000%	8h	98.860	−0.091%	$4.4M	$82K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.957	+0.007%	$1.5M	$263K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.940	−0.010%	$70K	$111K	10x	as long as short
QFEX STRC-USD	+0.0014%	1h	98.980	+0.030%	$1.4M	$1.8M	10x	as long as short
Injective STRC/USDC PERPlong	+0.0033%	1h	98.950	long leg	$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	98.929	−0.021%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.878	−0.073%	$70K	$182K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.780	−0.172%	$304K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.795	−0.157%	$52K	$357K	10x	as long as short