Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.080%

Price spread now: HTX against tradeXYZ−0.114%49s7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1031.028% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.727%+$73 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.114%, 7d avg −0.079%

Together, before fees+0.747%+ Points / potential airdroptradeXYZ: Active · farm board+$75 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.035% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of −0.079%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.727% in total) that is about 8 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:STRC	98.914	0.0050	pay 0.0006% / 1h	35m 26s	$10.7M	$2.1M	10x
Short	HTX STRC-USDT	98.801	0.0100	get 0.0100% / 8h	6h 35m	$52K	$356K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.114%Rate

Funding earned: $10.5
Price spread: −0.114% → −0.079%: −$3.5
Slippage, 4 orders: −$72.81
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$95.81
Costs to cover: 1.028%
Break-even: 70.9 days

Slippage from tradeXYZ: live order book, 2 min ago; HTX: live order book, 32 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, 2 min ago	1.06 bp	12.3 bp −$12	13.9 bp −$139	doesn't fit	doesn't fit
Sell HTX live order book, 32 min ago	10.38 bp	18.3 bp −$18	86.3 bp −$863	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
Lighter STRC	0.0000%	1h	98.972	+0.059%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.858	−0.056%	$445K	$161K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	99.000	+0.087%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.840	−0.075%	$741K	$74K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	+0.047%	$974K	$78K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	−0.014%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.980	+0.066%	$1.5M	$262K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.989	+0.076%	$70K	$105K	10x	as long as short
QFEX STRC-USD	+0.0009%	1h	98.980	+0.067%	$1.3M	$1.8M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.036%	$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	98.914	long leg	$10.7M	$2.1M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.877	−0.037%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0063%	8h	98.830	−0.085%	$311K	$1.0M	20x	as long as short
HTX STRC-USDTshort	+0.0100%	8h	98.801	−0.114%	$52K	$356K	10x