Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h −0.036%

Price spread now: Polymarket Perps against KuCoin−0.009%7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$540as in the Funding arb table

Net, price: spread back to 7d avg − costs−$543as in the Price arb table

costs, in and out, $10k−$5385.377% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.009%, 7d avg +0.045%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Polymarket Perps is 0.054% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRCUSDTM	98.900	0.0067	pay 0.0067% / 8h	4h 19m	$317K	$1.0M	20x
Short	Polymarket Perps STRC-USD	98.891	0.0050	get 0.0006% / 1h	19m 50s	$70K	$159K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$3.57
Price spread: −0.009% → +0.045%: −$5.41
Slippage, 4 orders: −$517.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$546.7
Costs to cover: 5.377%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Polymarket Perps: live order book, 37 min ago.

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, 5 min ago	1.01 bp	236.4 bp −$236	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 37 min ago	2.48 bp	7.1 bp −$7	8.1 bp −$81	10.2 bp −$1,020	doesn't fit

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	−0.0355%	8h	98.860	−0.041%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.980	+0.081%	$840K	$156K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.009	+0.111%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.930	+0.030%	$743K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.010	+0.111%	$975K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.030%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.987	+0.088%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.002	+0.103%	$70K	$100K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	98.990	+0.091%	$1.4M	$1.6M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.051%	$3K	$34K	12x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:STRC	+0.0050%	1h	98.914	+0.014%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USDshort	+0.0050%	1h	98.891	−0.009%	$70K	$159K	10x
KuCoin STRCUSDTMlong	+0.0067%	8h	98.900	long leg	$317K	$1.0M	20x
HTX STRC-USDT	+0.0100%	8h	98.790	−0.111%	$52K	$359K	10x	as long as short