Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.038%

Price spread now: OKX against tradeXYZ−0.059%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1051.045% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.418%+$42 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.059%, 7d avg +0.021%

Together, before fees+0.526%+ Points / potential airdroptradeXYZ: Active · farm board+$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX 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 +0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.418%, 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	98.868	0.0024	pay 0.0003% / 1h	57m 37s	$10.7M	$2.1M	10x
Short	OKX STRC-USDT-SWAP	98.810	0	get 0.0000% / 8h	6h 57m	$741K	$75K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$5.05
Price spread: −0.059% → +0.021%: −$7.99
Slippage, 4 orders: −$76.54
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$117.57
Costs to cover: 1.045%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; OKX: live order book, 8 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, 11 min ago	1.06 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 8 min ago	0.51 bp	60.5 bp −$61	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
Lighter STRC	0.0000%	1h	98.934	+0.067%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.857	−0.011%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.988	+0.121%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAPshort	0.0000%	8h	98.810	−0.059%	$741K	$75K	25x
Gate STRC_USDT	0.0000%	8h	98.920	+0.053%	$974K	$78K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	+0.002%	$4.4M	$79K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.938	+0.070%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.920	+0.053%	$70K	$106K	10x	as long as short
QFEX STRC-USD	+0.0009%	1h	98.930	+0.063%	$1.3M	$1.9M	10x	as long as short
tradeXYZ xyz:STRClong	+0.0024%	1h	98.868	long leg	$10.7M	$2.1M	10x

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	+0.083%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.852	−0.016%	$70K	$171K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.800	−0.069%	$306K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.759	−0.110%	$52K	$357K	10x	as long as short