Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.001%

Price spread now: Bitget against Polymarket Perps+0.022%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$940.943% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.022%, 7d avg +0.045%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 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	Polymarket Perps STRC-USD	98.828	0.0050	pay 0.0006% / 1h	15m 23s	$70K	$171K	10x
Short	Bitget STRCUSDT	98.850	0	get 0.0000% / 8h	7h 15m	$4.4M	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$10.5
Price spread: +0.022% → +0.045%: −$2.23
Slippage, 4 orders: −$74.26
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$107
Costs to cover: 0.943%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 56 min ago; Bitget: 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 Polymarket Perps live order book, 56 min ago	2.68 bp	6.7 bp −$7	7.1 bp −$71	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.53 bp	48.6 bp −$49	63.5 bp −$635	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
tradeXYZ xyz:STRC	−0.0006%	1h	98.828	0.000%	$10.7M	$2.1M	10x	as long as short
Lighter STRC	0.0000%	1h	98.925	+0.098%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.853	+0.025%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.930	+0.103%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.850	+0.022%	$741K	$76K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.920	+0.093%	$974K	$79K	20x	as long as short
Bitget STRCUSDTshort	0.0000%	8h	98.850	+0.022%	$4.4M	$81K	20x
Variational Omni STRC	0.0000%	8h	98.910	+0.083%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.885	+0.058%	$70K	$105K	10x	as long as short
QFEX STRC-USD	+0.0033%	1h	98.920	+0.093%	$1.3M	$1.9M	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	+0.123%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USDlong	+0.0050%	1h	98.828	long leg	$70K	$171K	10x
KuCoin STRCUSDTM	+0.0100%	8h	98.760	−0.069%	$305K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.684	−0.146%	$52K	$357K	10x	as long as short