Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.027%

Price spread now: GRVT against Injective+0.043%7-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 GRVT

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 airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.043% dearer against Injective than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days.

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	35m 12s	$3K	$34K	12x
Short	GRVT STRC_USDT_Perp	98.992	0	get 0.0000% / 8h	1h 35m	$70K	$94K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$7
Price spread: +0.043% → 0.000%: $4.28
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$11.74
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; GRVT: no order-book sample. 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 GRVT no order-book sample	—	—	—	—	—

Injective and GRVT: 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	−0.0463%	8h	98.881	−0.070%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.976	+0.026%	$896K	$197K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.014	+0.065%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.880	−0.071%	$741K	$73K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	+0.010%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.880	−0.071%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.998	+0.048%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perpshort	0.0000%	8h	98.992	+0.043%	$70K	$94K	10x
QFEX STRC-USD	+0.0025%	1h	98.980	+0.030%	$1.4M	$1.1M	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	98.942	−0.008%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.908	−0.042%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.910	−0.040%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.823	−0.128%	$52K	$360K	10x	as long as short