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: Variational Omni against tradeXYZ+0.095%7-day average +0.097% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.330%+$33 on $10k

Price spread, last 7 days−0.005%$0 · spread now +0.095%, 7d avg +0.097%

Together, before fees+0.325%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.097%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.330%, 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	98.944	0.0050	pay 0.0006% / 1h	8m 44s	$10.6M	$2.2M	10x
Short	Variational Omni STRC	99.038	0	get 0.0000% / 8h	2h 08m	$1.5M	$256K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.095%Rate

Funding earned: −$10.5
Price spread: +0.095% → +0.097%: −$0.19
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$28.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 10 min ago; Variational Omni: RFQ quote, just now. 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, 10 min ago	1.06 bp	10.1 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	2.61 bp	doesn't fit	55.5 bp −$555	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	−0.0474%	8h	98.880	−0.065%	$445K	$66K	20x	as long as short
QFEX STRC-USD	−0.0003%	1h	99.010	+0.067%	$1.4M	$1.2M	10x	as long as short
Lighter STRC	0.0000%	1h	98.960	+0.016%	$897K	$209K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.060	+0.117%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	−0.034%	$741K	$76K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	+0.016%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.950	+0.006%	$4.4M	$72K	20x	as long as short
Variational Omni STRCshort	0.0000%	8h	99.038	+0.095%	$1.5M	$256K	—
GRVT STRC_USDT_Perp	0.0000%	8h	99.009	+0.066%	$70K	$97K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.006%	$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	98.944	long leg	$10.6M	$2.2M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.942	−0.002%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.930	−0.014%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.840	−0.105%	$52K	$360K	10x	as long as short