Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.007%

Price spread now: OKX against Polymarket Perps−0.051%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.051%, 7d avg +0.007%

Together, before fees+0.064%+$6 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 OKX is 0.058% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps STRC-USD	98.950	0.0050	pay 0.0006% / 1h	45m 22s	$70K	$119K	10x
Short	OKX STRC-USDT-SWAP	98.900	0	get 0.0000% / 8h	7h 45m	$742K	$74K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.051%Rate

Funding earned: −$10.5
Price spread: −0.051% → +0.007%: −$5.77
Slippage, 4 orders: −$37.35
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$71.62
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 51 min ago; OKX: live order book, 51 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, 51 min ago	2.88 bp	7.1 bp −$7	8.3 bp −$83	10.2 bp −$1,025	doesn't fit
Sell OKX live order book, 51 min ago	1.01 bp	25.4 bp −$25	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	−0.0491%	8h	98.844	−0.107%	$446K	$67K	20x	as long as short
tradeXYZ xyz:STRC	−0.0193%	1h	98.897	−0.054%	$10.6M	$2.2M	10x	as long as short
Lighter STRC	−0.0192%	1h	98.751	−0.201%	$889K	$208K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.995	+0.045%	$6.1M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAPshort	0.0000%	8h	98.900	−0.051%	$742K	$74K	25x
Gate STRC_USDT	0.0000%	8h	98.960	+0.010%	$972K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.890	−0.061%	$4.4M	$77K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.979	+0.029%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.948	−0.002%	$70K	$93K	10x	as long as short
QFEX STRC-USD	+0.0006%	1h	98.960	+0.010%	$1.4M	$951K	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	0.000%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USDlong	+0.0050%	1h	98.950	long leg	$70K	$119K	10x
KuCoin STRCUSDTM	+0.0100%	8h	99.000	+0.051%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.791	−0.161%	$52K	$362K	10x	as long as short