Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.039%

Price spread now: GRVT against tradeXYZ+0.045%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on GRVT

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—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.045% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. 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	98.942	0.0050	pay 0.0006% / 1h	17m 22s	$10.6M	$2.2M	10x
Short	GRVT STRC_USDT_Perp	98.987	0	get 0.0000% / 8h	1h 17m	$70K	$94K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$10.5
Price spread: +0.045% → 0.000%: $4.53
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$32.97
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 11 min ago; GRVT: no order-book sample. 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, 11 min ago	1.06 bp	10.1 bp −$10	11.8 bp −$118	doesn't fit	doesn't fit
Sell GRVT no order-book sample	—	—	—	—	—

GRVT: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0464%	8h	98.880	−0.063%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.969	+0.027%	$895K	$198K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.014	+0.072%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.890	−0.053%	$741K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	+0.018%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.910	−0.032%	$4.4M	$77K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.988	+0.046%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perpshort	0.0000%	8h	98.987	+0.045%	$70K	$94K	10x
QFEX STRC-USD	+0.0025%	1h	98.970	+0.028%	$1.4M	$1.1M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.008%	$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	98.942	long leg	$10.6M	$2.2M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.900	−0.042%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.860	−0.083%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.772	−0.172%	$52K	$361K	10x	as long as short