Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.017%

Price spread now: Polymarket Perps against Binance−0.109%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.109%, 7d avg −0.087%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.022% cheaper against Binance than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.087%). If the spread goes back, that is −$2 on $10k: about 35 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.021% in total) that is about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STRCUSDT	99.015	0	get 0.0000% / 8h	1h 46m	$6.0M	$3.3M	25x
Short	Polymarket Perps STRC-USD	98.907	0.0050	get 0.0006% / 1h	46m 13s	$70K	$162K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now −0.109%Rate

Funding earned: $10.5
Price spread: −0.109% → −0.087%: −$2.19
Slippage, 4 orders: −$15.04
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$24.73
Costs to cover: 0.330%
Break-even: 23.5 days

Slippage from Binance: live order book, 7 min ago; Polymarket Perps: live order book, 61 min ago.

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 Binance live order book, 7 min ago	0.50 bp	10.5 bp −$10	33.8 bp −$338	97.4 bp −$9,739	doesn't fit
Sell Polymarket Perps live order book, 61 min ago	2.07 bp	6.9 bp −$7	7.6 bp −$76	9.9 bp −$985	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	−0.0469%	8h	98.880	−0.136%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.977	−0.038%	$896K	$197K	10x	as long as short
Binance STRCUSDTlong	0.0000%	8h	99.015	long leg	$6.0M	$3.3M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	−0.106%	$741K	$76K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	−0.055%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.880	−0.136%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.999	−0.016%	$1.5M	$256K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.010	−0.005%	$70K	$95K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	98.970	−0.045%	$1.4M	$1.1M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.065%	$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:STRC	+0.0050%	1h	98.940	−0.075%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USDshort	+0.0050%	1h	98.907	−0.109%	$70K	$162K	10x
KuCoin STRCUSDTM	+0.0100%	8h	98.910	−0.106%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.767	−0.250%	$52K	$360K	10x	as long as short