Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.014%

Price spread now: Injective against KuCoin+0.071%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Injective

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 pays, funding is against you. Injective is 0.071% dearer against KuCoin than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRCUSDTM	98.880	0.0100	pay 0.0100% / 8h	7h 54m	$304K	$1.0M	20x
Short	Injective STRC/USDC PERP	98.950	0.0033	get 0.0004% / 1h	54m 36s	$3K	$34K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +0.071%Rate

Funding earned: −$14
Price spread: +0.071% → 0.000%: $7.08
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$18.94
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 10 min ago; Injective: 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 KuCoin live order book, 10 min ago	1.01 bp	306.4 bp −$306	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	98.982	+0.103%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.884	+0.004%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	99.050	+0.172%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.960	+0.081%	$742K	$80K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.970	+0.091%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.890	+0.010%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.022	+0.143%	$1.5M	$259K	—	as long as short
QFEX STRC-USD	+0.0033%	1h	99.030	+0.152%	$1.3M	$1.9M	10x	as long as short
Injective STRC/USDC PERPshort	+0.0033%	1h	98.950	+0.071%	$3K	$34K	12x
tradeXYZ xyz:STRC	+0.0050%	1h	98.942	+0.063%	$10.7M	$2.1M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps STRC-USD	+0.0050%	1h	98.922	+0.042%	$70K	$182K	10x	as long as short
KuCoin STRCUSDTMlong	+0.0100%	8h	98.880	long leg	$304K	$1.0M	20x
HTX STRC-USDT	+0.0100%	8h	98.777	−0.104%	$51K	$357K	10x	as long as short
GRVT STRC_USDT_Perp	+0.0240%	8h	98.990	+0.111%	$70K	$109K	10x	as long as short