Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0392%/8h= −42.9% APRpaid last 24h −0.029%

Price spread now: Aster against Injective−0.091%77s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Aster is 0.091% cheaper against Injective than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 77 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	Injective STRC/USDC PERP	98.950	0.0033	pay 0.0004% / 1h	18m 07s	$3K	$34K	12x
Short	Aster STRCUSDT	98.860	−0.0358	pay 0.0358% / 8h	4h 18m	$445K	$161K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$82.28
Price spread: −0.091% → 0.000%: −$9.12
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$99.42
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Aster: live order book, 39 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 39 min ago	1.52 bp	33.6 bp −$34	doesn't fit	doesn't fit	doesn't fit

Injective: 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 STRCUSDTshort	−0.0358%	8h	98.860	−0.091%	$445K	$161K	20x
Lighter STRC	0.0000%	1h	98.980	+0.030%	$840K	$156K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.010	+0.061%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.930	−0.020%	$743K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.000	+0.051%	$975K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.081%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.987	+0.037%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.002	+0.053%	$70K	$100K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	98.990	+0.040%	$1.4M	$1.6M	10x	as long as short
Injective STRC/USDC PERPlong	+0.0033%	1h	98.950	long leg	$3K	$34K	12x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:STRC	+0.0050%	1h	98.916	−0.034%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.892	−0.059%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0069%	8h	98.900	−0.051%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.825	−0.126%	$52K	$359K	10x	as long as short