Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Variational Omni against OKX+0.153%7-day average +0.064% · you sell dearer than you buy

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.153%, 7d avg +0.064%

Together, before fees−0.045%+ Points / potential airdropVariational Omni: Active · farm board−$5 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: Variational Omni is 0.090% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.064%.

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	7h 57m	$742K	$74K	25x
Short	Variational Omni STRC	99.022	0	get 0.0000% / 8h	7h 57m	$1.5M	$254K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.153%Rate

Funding earned: $0
Price spread: +0.153% → +0.064%: $8.98
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.02
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 39 min ago; Variational Omni: RFQ quote, 2 min ago. 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 OKX live order book, 39 min ago	1.01 bp	15.6 bp −$16	108.8 bp −$1,088	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.61 bp	doesn't fit	57.7 bp −$577	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	−0.0492%	8h	98.830	−0.040%	$446K	$67K	20x	as long as short
tradeXYZ xyz:STRC	−0.0178%	1h	98.895	+0.025%	$10.6M	$2.2M	10x	as long as short
Lighter STRC	−0.0096%	1h	98.761	−0.110%	$889K	$208K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.960	+0.091%	$6.1M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAPlong	0.0000%	8h	98.870	long leg	$742K	$74K	25x
Gate STRC_USDT	0.0000%	8h	98.980	+0.111%	$972K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.880	+0.010%	$4.4M	$78K	20x	as long as short
Variational Omni STRCshort	0.0000%	8h	99.022	+0.153%	$1.5M	$254K	—
GRVT STRC_USDT_Perp	0.0000%	8h	98.979	+0.111%	$70K	$94K	10x	as long as short
QFEX STRC-USD	+0.0006%	1h	98.960	+0.091%	$1.4M	$964K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.081%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.904	+0.034%	$70K	$119K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.970	+0.101%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.759	−0.112%	$52K	$362K	10x	as long as short