Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.015%

Price spread now: KuCoin against Injective+0.061%7-day average — · you sell dearer than you buy

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

Long on Injective Short on KuCoin

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—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.061% dearer against Injective than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

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	55m 11s	$3K	$34K	12x
Short	KuCoin STRCUSDTM	99.010	0.0100	get 0.0100% / 8h	6h 55m	$317K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.061%Rate

Funding earned: $14
Price spread: +0.061% → 0.000%: $6.06
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $8.04
Costs to cover: 0.120%
Break-even: 3.0 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	2.02 bp	267.3 bp −$267	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 STRCUSDT	−0.0477%	8h	98.894	−0.056%	$446K	$67K	20x	as long as short
Lighter STRC	−0.0008%	1h	98.831	−0.120%	$889K	$171K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.970	+0.020%	$6.1M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	−0.040%	$741K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.970	+0.020%	$972K	$59K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	−0.051%	$4.4M	$76K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.976	+0.026%	$1.4M	$311K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.966	+0.016%	$70K	$93K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	98.940	−0.010%	$1.3M	$927K	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	98.933	−0.017%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.925	−0.025%	$70K	$40K	10x	as long as short
KuCoin STRCUSDTMshort	+0.0100%	8h	99.010	+0.061%	$317K	$1.0M	20x
HTX STRC-USDT	+0.0100%	8h	98.729	−0.223%	$52K	$362K	10x	as long as short