Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.029%

Price spread now: Injective against Aster+0.091%67s7-day average — · you sell dearer than you buy

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

Long on Aster Short on Injective

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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 0.091% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 67 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	Aster STRCUSDT	98.860	−0.0178	get 0.0178% / 8h	5h 10m	$445K	$161K	20x
Short	Injective STRC/USDC PERP	98.950	0.0033	get 0.0004% / 1h	10m 16s	$3K	$34K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now +0.091%Rate

Funding earned: $44.31
Price spread: +0.091% → 0.000%: $9.13
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $45.42
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 52 min ago; Injective: no order-book sample. 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 Aster live order book, 52 min ago	0.51 bp	8.0 bp −$8	15.8 bp −$158	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 STRCUSDTlong	−0.0178%	8h	98.860	long leg	$445K	$161K	20x
Lighter STRC	0.0000%	1h	98.992	+0.134%	$840K	$160K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.020	+0.162%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.890	+0.031%	$742K	$73K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.990	+0.132%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.890	+0.031%	$4.4M	$74K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.996	+0.137%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.990	+0.132%	$70K	$101K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	99.000	+0.142%	$1.3M	$1.7M	10x	as long as short
Injective STRC/USDC PERPshort	+0.0033%	1h	98.950	+0.091%	$3K	$34K	12x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin STRCUSDTM	+0.0042%	8h	98.880	+0.020%	$317K	$1.0M	20x	as long as short
tradeXYZ xyz:STRC	+0.0050%	1h	98.909	+0.050%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.896	+0.037%	$70K	$159K	10x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.802	−0.058%	$52K	$357K	10x	as long as short