Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: Gate against OKX+0.020%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1641.635% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.020%, 7d avg +0.059%

Together, before fees+0.156%+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.039% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STRC-USDT-SWAP	98.850	0	get 0.0000% / 8h	1h 05m	$741K	$83K	25x
Short	Gate STRC_USDT	98.870	0	get 0.0000% / 8h	1h 05m	$973K	$79K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.059%: −$3.92
Slippage, 4 orders: −$138.53
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$167.44
Costs to cover: 1.635%
Break-even: never at this rate

Slippage from OKX: live order book, 10 min ago; Gate: live order book, 11 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 OKX live order book, 10 min ago	1.01 bp	24.3 bp −$24	120.2 bp −$1,202	doesn't fit	doesn't fit
Sell Gate live order book, 11 min ago	6.07 bp	67.1 bp −$67	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	98.898	+0.049%	$839K	$167K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.778	−0.072%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.942	+0.093%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAPlong	0.0000%	8h	98.850	long leg	$741K	$83K	25x
Gate STRC_USDTshort	0.0000%	8h	98.870	+0.020%	$973K	$79K	20x
Bitget STRCUSDT	0.0000%	8h	98.850	0.000%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.802	−0.049%	$1.4M	$184K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.931	+0.082%	$70K	$111K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.101%	$3K	$34K	12x	as long as short
tradeXYZ xyz:STRC	+0.0050%	1h	98.892	+0.042%	$10.7M	$2.1M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps STRC-USD	+0.0050%	1h	98.853	+0.003%	$70K	$182K	10x	as long as short
QFEX STRC-USD	+0.0059%	1h	98.930	+0.081%	$1.4M	$1.8M	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.730	−0.121%	$304K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.776	−0.075%	$51K	$357K	10x	as long as short