Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: GRVT against OKX+0.140%91s7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$570.569% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.140%, 7d avg +0.069%

Together, before fees−0.101%+ Points / potential airdropGRVT: Active · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.071% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.069%. The two prices were read 91 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	OKX STRC-USDT-SWAP	98.870	0	get 0.0000% / 8h	4h 44m	$743K	$72K	25x
Short	GRVT STRC_USDT_Perp	99.008	0	get 0.0000% / 8h	4h 44m	$70K	$100K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against OKX. 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 OKXbpFee GRVTbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.069%: $7.06
Slippage, 4 orders: −$37.94
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$49.88
Costs to cover: 0.569%
Break-even: never at this rate

Slippage from OKX: live order book, 12 min ago; GRVT: live order book, 13 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 OKX live order book, 12 min ago	1.01 bp	7.0 bp −$7	96.1 bp −$961	doesn't fit	doesn't fit
Sell GRVT live order book, 13 min ago	2.53 bp	20.2 bp −$20	47.6 bp −$476	doesn't fit	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	−0.0273%	8h	98.860	−0.010%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.992	+0.123%	$840K	$156K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.990	+0.121%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAPlong	0.0000%	8h	98.870	long leg	$743K	$72K	25x
Gate STRC_USDT	0.0000%	8h	98.960	+0.091%	$974K	$76K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	+0.030%	$4.4M	$71K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.968	+0.099%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perpshort	0.0000%	8h	99.008	+0.140%	$70K	$100K	10x
QFEX STRC-USD	+0.0003%	1h	98.980	+0.111%	$1.3M	$1.6M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.081%	$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	98.907	+0.037%	$10.7M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.872	+0.002%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0051%	8h	98.880	+0.010%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.772	−0.099%	$52K	$357K	10x	as long as short