Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.017%

Price spread now: Binance against Polymarket Perps+0.107%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.107%, 7d avg +0.087%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.020% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of +0.087%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 7 days (−0.021% in total) that is about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps STRC-USD	98.900	0.0050	pay 0.0006% / 1h	1m 02s	$70K	$159K	10x
Short	Binance STRCUSDT	99.006	0	get 0.0000% / 8h	1h 01m	$6.0M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now +0.107%Rate

Funding earned: −$10.5
Price spread: +0.107% → +0.087%: $2.03
Slippage, 4 orders: −$16.72
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.19
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 41 min ago; Binance: live order book, 7 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 Polymarket Perps live order book, 41 min ago	2.83 bp	6.8 bp −$7	8.0 bp −$80	9.7 bp −$968	doesn't fit
Sell Binance live order book, 7 min ago	0.50 bp	10.4 bp −$10	39.8 bp −$398	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
Aster STRCUSDT	−0.0456%	8h	98.880	−0.020%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.971	+0.072%	$895K	$198K	10x	as long as short
Binance STRCUSDTshort	0.0000%	8h	99.006	+0.107%	$6.0M	$3.3M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.900	0.000%	$741K	$71K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	+0.061%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.030%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.008	+0.109%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.009	+0.110%	$70K	$94K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	98.970	+0.071%	$1.4M	$1.0M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.051%	$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	+0.040%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USDlong	+0.0050%	1h	98.900	long leg	$70K	$159K	10x
KuCoin STRCUSDTM	+0.0100%	8h	98.920	+0.020%	$316K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.797	−0.104%	$52K	$360K	10x	as long as short