Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.015%

Price spread now: Polymarket Perps against Gate−0.085%48s7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1221.224% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.085%, 7d avg −0.070%

Together, before fees−0.006%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.070%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 48 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	98.960	0	get 0.0000% / 8h	2h 28m	$974K	$77K	20x
Short	Polymarket Perps STRC-USD	98.876	0.0050	get 0.0006% / 1h	28m 42s	$70K	$162K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.085%Rate

Funding earned: $10.5
Price spread: −0.085% → −0.070%: −$1.49
Slippage, 4 orders: −$99.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$113.37
Costs to cover: 1.224%
Break-even: 82.6 days

Slippage from Gate: live order book, 18 min ago; Polymarket Perps: live order book, 18 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 Gate live order book, 18 min ago	5.05 bp	45.3 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 18 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	−0.0482%	8h	98.880	−0.081%	$445K	$66K	20x	as long as short
QFEX STRC-USD	−0.0003%	1h	98.940	−0.020%	$1.3M	$1.2M	10x	as long as short
Lighter STRC	0.0000%	1h	98.950	−0.010%	$896K	$209K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.972	+0.013%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.880	−0.081%	$742K	$75K	25x	as long as short
Gate STRC_USDTlong	0.0000%	8h	98.960	long leg	$974K	$77K	20x
Bitget STRCUSDT	0.0000%	8h	98.910	−0.051%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.970	+0.010%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.956	−0.004%	$70K	$97K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.010%	$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	−0.020%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USDshort	+0.0050%	1h	98.876	−0.085%	$70K	$162K	10x
KuCoin STRCUSDTM	+0.0100%	8h	98.910	−0.051%	$316K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.817	−0.145%	$52K	$359K	10x	as long as short