Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0305%/8h= −33.4% APRpaid last 24h −0.013%

Price spread now: Aster against tradeXYZ−0.055%7-day average +0.025% · you buy dearer than you sell

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.428%+$43 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.055%, 7d avg +0.025%

Together, before fees+0.579%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board+$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Aster is 0.080% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.428%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:STRC	98.897	−0.0186	get 0.0023% / 1h	43m 11s	$10.6M	$2.2M	10x
Short	Aster STRCUSDT	98.843	−0.0491	pay 0.0491% / 8h	7h 43m	$446K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$64.04
Price spread: −0.055% → +0.025%: −$7.95
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$97.99
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 5 min ago; Aster: live order book, 54 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 tradeXYZ live order book, 5 min ago	0.76 bp	10.5 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 54 min ago	3.54 bp	34.5 bp −$35	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 STRCUSDTshort	−0.0491%	8h	98.843	−0.055%	$446K	$67K	20x
tradeXYZ xyz:STRClong	−0.0186%	1h	98.897	long leg	$10.6M	$2.2M	10x
Lighter STRC	−0.0184%	1h	98.751	−0.148%	$889K	$208K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.993	+0.097%	$6.1M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.900	+0.003%	$742K	$74K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.970	+0.074%	$972K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.940	+0.043%	$4.4M	$77K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.979	+0.083%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.961	+0.065%	$70K	$93K	10x	as long as short
QFEX STRC-USD	+0.0006%	1h	98.960	+0.064%	$1.4M	$950K	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	+0.054%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.935	+0.038%	$70K	$119K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	99.010	+0.114%	$318K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.846	−0.052%	$52K	$362K	10x	as long as short