Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0185%/8h= −20.3% APRpaid last 24h −0.055%

Price spread now: tradeXYZ against Variational Omni−0.083%7-day average −0.096% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.328%−$33 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.083%, 7d avg −0.096%

Together, before fees−0.336%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.096%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRC	98.979	0	get 0.0000% / 8h	7h 42m	$1.5M	$254K	—
Short	tradeXYZ xyz:STRC	98.897	−0.0185	pay 0.0023% / 1h	42m 41s	$10.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Variational Omni. 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 Variational OmnibpFee tradeXYZbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$38.92
Price spread: −0.083% → −0.096%: $1.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$55.57
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; tradeXYZ: live order book, 5 min ago. 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 Variational Omni RFQ quote, 1 min ago	2.61 bp	doesn't fit	45.6 bp −$456	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.76 bp	doesn't fit	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	−0.0491%	8h	98.845	−0.135%	$446K	$67K	20x	as long as short
tradeXYZ xyz:STRCshort	−0.0185%	1h	98.897	−0.083%	$10.6M	$2.2M	10x
Lighter STRC	−0.0184%	1h	98.754	−0.227%	$889K	$208K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.995	+0.017%	$6.1M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.900	−0.079%	$742K	$74K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.970	−0.009%	$972K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.940	−0.039%	$4.4M	$77K	20x	as long as short
Variational Omni STRClong	0.0000%	8h	98.979	long leg	$1.5M	$254K	—
GRVT STRC_USDT_Perp	0.0000%	8h	98.961	−0.018%	$70K	$93K	10x	as long as short
QFEX STRC-USD	+0.0006%	1h	98.960	−0.019%	$1.4M	$950K	10x	as long as short

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	−0.029%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.935	−0.044%	$70K	$119K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	99.010	+0.032%	$318K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.846	−0.134%	$52K	$362K	10x	as long as short