Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.050%

Price spread now: tradeXYZ against Gate−0.055%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1361.361% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.522%−$52 on $10k

Price spread, last 7 days+0.070%+$7 · spread now −0.055%, 7d avg −0.088%

Together, before fees−0.452%+ Points / potential airdroptradeXYZ: Active · farm board−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.034% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.088%. Mind the row above: over the last 7 days funding on this pair cost −0.522%, 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	Gate STRC_USDT	98.970	0	get 0.0000% / 8h	6h 34m	$974K	$78K	20x
Short	tradeXYZ xyz:STRC	98.916	0.0050	get 0.0006% / 1h	34m 09s	$10.7M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.055%Rate

Funding earned: $10.5
Price spread: −0.055% → −0.088%: $3.36
Slippage, 4 orders: −$103.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$122.27
Costs to cover: 1.361%
Break-even: 88.5 days

Slippage from Gate: live order book, 33 min ago; tradeXYZ: live order book, 3 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, 33 min ago	7.07 bp	30.5 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	1.06 bp	12.7 bp −$13	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
Lighter STRC	0.0000%	1h	98.970	0.000%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.858	−0.113%	$445K	$161K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.988	+0.018%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.840	−0.131%	$741K	$74K	25x	as long as short
Gate STRC_USDTlong	0.0000%	8h	98.970	long leg	$974K	$78K	20x
Bitget STRCUSDT	0.0000%	8h	98.900	−0.071%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.980	+0.010%	$1.5M	$262K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.989	+0.019%	$70K	$105K	10x	as long as short
QFEX STRC-USD	+0.0009%	1h	98.980	+0.010%	$1.3M	$1.8M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.020%	$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	98.916	−0.055%	$10.7M	$2.1M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.876	−0.095%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0063%	8h	98.830	−0.141%	$311K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.815	−0.157%	$52K	$356K	10x	as long as short