Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.030%

Price spread now: tradeXYZ against Bitget+0.012%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.404%−$40 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.012%, 7d avg −0.049%

Together, before fees−0.485%+ Points / potential airdroptradeXYZ: Active · farm board−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.061% dearer against Bitget than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.049%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.1 days. At the pace of the last 7 days (−0.404% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STRCUSDT	98.820	0	get 0.0000% / 8h	6h 16m	$4.4M	$68K	20x
Short	tradeXYZ xyz:STRC	98.832	−0.0040	pay 0.0005% / 1h	16m 32s	$10.5M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Bitget. 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 BitgetbpFee tradeXYZbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$8.49
Price spread: +0.012% → −0.049%: $6.15
Slippage, 4 orders: −$42.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$75.19
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; tradeXYZ: live order book, 5 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 Bitget live order book, 5 min ago	3.54 bp	16.7 bp −$17	32.2 bp −$322	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.86 bp	14.8 bp −$15	doesn't fit	doesn't fit	doesn't fit

STRC on 14 exchanges

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	−0.0441%	8h	98.863	+0.044%	$446K	$67K	20x	as long as short
Polymarket Perps STRC-USD	−0.0139%	1h	98.772	−0.049%	$70K	$40K	10x	as long as short
tradeXYZ xyz:STRCshort	−0.0040%	1h	98.832	+0.012%	$10.5M	$2.4M	10x
Lighter STRC	0.0000%	1h	98.754	−0.067%	$889K	$171K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.934	+0.116%	$6.0M	$3.2M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.870	+0.051%	$741K	$68K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.930	+0.111%	$971K	$59K	20x	as long as short
Bitget STRCUSDTlong	0.0000%	8h	98.820	long leg	$4.4M	$68K	20x
Variational Omni STRC	0.0000%	8h	98.945	+0.126%	$1.4M	$251K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.940	+0.121%	$70K	$92K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX STRC-USD	+0.0003%	1h	98.920	+0.101%	$1.3M	$892K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.132%	$3K	$34K	12x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.900	+0.081%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.757	−0.064%	$52K	$362K	10x	as long as short