Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.053%

Price spread now: tradeXYZ against Binance−0.104%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.461%−$46 on $10k

Price spread, last 7 days−0.028%−$3 · spread now −0.104%, 7d avg −0.113%

Together, before fees−0.489%+ Points / potential airdroptradeXYZ: Active · farm board−$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.113%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.461%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STRCUSDT	99.038	0	get 0.0000% / 8h	4h 10m	$6.0M	$3.3M	25x
Short	tradeXYZ xyz:STRC	98.935	0.0050	get 0.0006% / 1h	10m 21s	$10.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.104%Rate

Funding earned: $10.5
Price spread: −0.104% → −0.113%: $0.87
Slippage, 4 orders: −$14.77
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$31.4
Costs to cover: 0.428%
Break-even: 27.9 days

Slippage from Binance: live order book, 13 min ago; tradeXYZ: live order book, 7 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, 13 min ago	0.50 bp	9.1 bp −$9	32.6 bp −$326	95.5 bp −$9,550	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.06 bp	12.0 bp −$12	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	−0.0386%	8h	98.860	−0.180%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.978	−0.061%	$840K	$156K	10x	as long as short
Binance STRCUSDTlong	0.0000%	8h	99.038	long leg	$6.0M	$3.3M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.920	−0.119%	$743K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.990	−0.049%	$975K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.890	−0.150%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.017	−0.022%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.965	−0.074%	$70K	$99K	10x	as long as short
QFEX STRC-USD	+0.0003%	1h	99.000	−0.039%	$1.4M	$1.5M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.089%	$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:STRCshort	+0.0050%	1h	98.935	−0.104%	$10.6M	$2.2M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.910	−0.130%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0080%	8h	98.910	−0.130%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.762	−0.279%	$52K	$359K	10x	as long as short