Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against HTX+0.142%7-day average — · you sell dearer than you buy

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

Long on HTX 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

The price spread pays, funding is against you. Injective is 0.142% dearer against HTX than usual: you sell high and buy low (spread +0.142% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX STRC-USDT	98.810	0.0100	pay 0.0100% / 8h	6h 41m	$52K	$356K	10x
Short	Injective STRC/USDC PERP	98.950	0.0033	get 0.0004% / 1h	41m 11s	$3K	$34K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +0.142%Rate

Funding earned: −$14
Price spread: +0.142% → 0.000%: $14.17
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$11.85
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 27 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 HTX live order book, 27 min ago	10.38 bp	59.5 bp −$60	126.9 bp −$1,269	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	98.961	+0.153%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.858	+0.048%	$445K	$161K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.990	+0.182%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.840	+0.030%	$741K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.970	+0.162%	$974K	$78K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	+0.091%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.980	+0.172%	$1.5M	$261K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.943	+0.135%	$70K	$105K	10x	as long as short
QFEX STRC-USD	+0.0009%	1h	98.980	+0.172%	$1.3M	$1.8M	10x	as long as short
Injective STRC/USDC PERPshort	+0.0033%	1h	98.950	+0.142%	$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	98.895	+0.086%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.878	+0.069%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0074%	8h	98.830	+0.020%	$310K	$1.0M	20x	as long as short
HTX STRC-USDTlong	+0.0100%	8h	98.810	long leg	$52K	$356K	10x