Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.055%

Price spread now: Gate against tradeXYZ−0.025%7-day average +0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1261.260% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.517%+$52 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.025%, 7d avg +0.091%

Together, before fees+0.542%+ Points / potential airdroptradeXYZ: Active · farm board+$54 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 Gate is 0.116% cheaper against tradeXYZ than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.091%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.517%, 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	98.935	0.0050	pay 0.0006% / 1h	49m 13s	$10.6M	$2.2M	10x
Short	Gate STRC_USDT	98.910	0	get 0.0000% / 8h	2h 49m	$974K	$77K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.025%Rate

Funding earned: −$10.5
Price spread: −0.025% → +0.091%: −$11.62
Slippage, 4 orders: −$93.01
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$148.13
Costs to cover: 1.260%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Gate: live order book, 63 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, 10 min ago	0.81 bp	12.9 bp −$13	14.8 bp −$148	doesn't fit	doesn't fit
Sell Gate live order book, 63 min ago	7.58 bp	72.2 bp −$72	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	−0.0482%	8h	98.880	−0.056%	$445K	$66K	20x	as long as short
QFEX STRC-USD	−0.0003%	1h	98.950	+0.015%	$1.4M	$1.3M	10x	as long as short
Lighter STRC	0.0000%	1h	98.909	−0.026%	$896K	$209K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.975	+0.040%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.810	−0.126%	$742K	$76K	25x	as long as short
Gate STRC_USDTshort	0.0000%	8h	98.910	−0.025%	$974K	$77K	20x
Bitget STRCUSDT	0.0000%	8h	98.860	−0.076%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.938	+0.003%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.945	+0.010%	$70K	$97K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.015%	$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
tradeXYZ xyz:STRClong	+0.0050%	1h	98.935	long leg	$10.6M	$2.2M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.840	−0.096%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0090%	8h	98.890	−0.045%	$316K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.751	−0.186%	$52K	$359K	10x	as long as short