Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: HTX against Injective−0.150%7-day average — · you buy dearer than you sell

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

Long on Injective Short on HTX

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

Funding pays, the price is against you. HTX is 0.150% cheaper against Injective than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 7.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective STRC/USDC PERP	98.950	0.0033	pay 0.0004% / 1h	7m 18s	$3K	$34K	12x
Short	HTX STRC-USDT	98.802	0.0100	get 0.0100% / 8h	3h 07m	$52K	$359K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now −0.150%Rate

Funding earned: $14
Price spread: −0.150% → 0.000%: −$14.96
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$12.98
Costs to cover: 0.120%
Break-even: 13.5 days

Slippage unknown: Injective: no order-book sample; HTX: live order book, 46 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell HTX live order book, 46 min ago	7.69 bp	13.9 bp −$14	48.8 bp −$488	doesn't fit	doesn't fit

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
Aster STRCUSDT	−0.0476%	8h	98.880	−0.071%	$445K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.910	−0.040%	$896K	$212K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.960	+0.010%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.810	−0.141%	$742K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	−0.040%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.081%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.947	−0.003%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.935	−0.015%	$70K	$98K	10x	as long as short
QFEX STRC-USD	+0.0002%	1h	98.960	+0.010%	$1.4M	$1.3M	10x	as long as short
tradeXYZ xyz:STRC	+0.0031%	1h	98.890	−0.061%	$10.6M	$2.2M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective STRC/USDC PERPlong	+0.0033%	1h	98.950	long leg	$3K	$34K	12x
Polymarket Perps STRC-USD	+0.0050%	1h	98.845	−0.106%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0084%	8h	98.800	−0.152%	$316K	$1.1M	20x	as long as short
HTX STRC-USDTshort	+0.0100%	8h	98.802	−0.150%	$52K	$359K	10x