Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against Gate+0.020%69s7-day average — · you sell dearer than you buy

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

Long on Gate 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—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.020% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 69 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	Gate STRC_USDT	98.930	0	get 0.0000% / 8h	6h 43m	$974K	$78K	20x
Short	Injective STRC/USDC PERP	98.950	0.0033	get 0.0004% / 1h	43m 56s	$3K	$34K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +0.020%Rate

Funding earned: $7
Price spread: +0.020% → 0.000%: $2.02
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$6
Costs to cover: 0.150%
Break-even: 13.0 days

Slippage unknown: Gate: live order book, 23 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 Gate live order book, 23 min ago	7.07 bp	30.5 bp −$30	doesn't fit	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
Lighter STRC	0.0000%	1h	98.955	+0.025%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.857	−0.074%	$445K	$161K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	99.000	+0.071%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.810	−0.121%	$741K	$75K	25x	as long as short
Gate STRC_USDTlong	0.0000%	8h	98.930	long leg	$974K	$78K	20x
Bitget STRCUSDT	0.0000%	8h	98.870	−0.061%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.940	+0.010%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.923	−0.007%	$70K	$106K	10x	as long as short
QFEX STRC-USD	+0.0009%	1h	98.970	+0.040%	$1.3M	$1.9M	10x	as long as short
Injective STRC/USDC PERPshort	+0.0033%	1h	98.950	+0.020%	$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	98.875	−0.056%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.875	−0.056%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0073%	8h	98.790	−0.142%	$310K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.706	−0.226%	$52K	$356K	10x	as long as short