Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.044%

Price spread now: Bitget against tradeXYZ−0.019%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$780.785% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.407%+$41 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.019%, 7d avg +0.051%

Together, before fees+0.429%+ Points / potential airdroptradeXYZ: Active · farm board+$43 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 0.070% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.051%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.407%, 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	98.909	0.0050	pay 0.0006% / 1h	4m 37s	$10.7M	$2.1M	10x
Short	Bitget STRCUSDT	98.890	0	get 0.0000% / 8h	5h 04m	$4.4M	$72K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$10.5
Price spread: −0.019% → +0.051%: −$7.03
Slippage, 4 orders: −$48.48
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$96.01
Costs to cover: 0.785%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	1.06 bp	10.1 bp −$10	13.0 bp −$130	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.03 bp	27.4 bp −$27	64.7 bp −$647	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	−0.0199%	8h	98.860	−0.050%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.991	+0.083%	$840K	$160K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.017	+0.109%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.890	−0.019%	$742K	$73K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.990	+0.082%	$974K	$77K	20x	as long as short
Bitget STRCUSDTshort	0.0000%	8h	98.890	−0.019%	$4.4M	$72K	20x
Variational Omni STRC	0.0000%	8h	98.996	+0.088%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.975	+0.067%	$70K	$101K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	99.000	+0.092%	$1.3M	$1.7M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.041%	$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
KuCoin STRCUSDTM	+0.0044%	8h	98.880	−0.029%	$317K	$1.0M	20x	as long as short
tradeXYZ xyz:STRClong	+0.0050%	1h	98.909	long leg	$10.7M	$2.1M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.896	−0.013%	$70K	$159K	10x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.819	−0.091%	$52K	$357K	10x	as long as short