Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.044%

Price spread now: tradeXYZ against OKX+0.057%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$580.576% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.395%−$39 on $10k

Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.057%, 7d avg −0.018%

Together, before fees−0.503%+ Points / potential airdroptradeXYZ: Active · farm board−$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.075% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.395%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STRC-USDT-SWAP	98.880	0	get 0.0000% / 8h	2h 25m	$742K	$75K	25x
Short	tradeXYZ xyz:STRC	98.936	0.0050	get 0.0006% / 1h	25m 31s	$10.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.057%Rate

Funding earned: $10.5
Price spread: +0.057% → −0.018%: $7.45
Slippage, 4 orders: −$29.56
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$39.61
Costs to cover: 0.576%
Break-even: 33.4 days

Slippage from OKX: live order book, 21 min ago; tradeXYZ: live order book, 3 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, 21 min ago	1.52 bp	18.0 bp −$18	111.6 bp −$1,116	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	1.01 bp	13.7 bp −$14	doesn't fit	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	−0.0482%	8h	98.885	+0.005%	$445K	$66K	20x	as long as short
QFEX STRC-USD	−0.0003%	1h	98.940	+0.061%	$1.4M	$1.2M	10x	as long as short
Lighter STRC	0.0000%	1h	98.952	+0.073%	$896K	$209K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.983	+0.104%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAPlong	0.0000%	8h	98.880	long leg	$742K	$75K	25x
Gate STRC_USDT	0.0000%	8h	98.950	+0.071%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.910	+0.030%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.959	+0.080%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.960	+0.081%	$70K	$97K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.071%	$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:STRCshort	+0.0050%	1h	98.936	+0.057%	$10.6M	$2.2M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.869	−0.011%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.920	+0.040%	$317K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.776	−0.105%	$52K	$359K	10x	as long as short