Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.015%

Price spread now: Gate against Polymarket Perps+0.045%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1221.224% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.045%, 7d avg +0.070%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.025% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.070%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps STRC-USD	98.876	0.0050	pay 0.0006% / 1h	31m 00s	$70K	$162K	10x
Short	Gate STRC_USDT	98.920	0	get 0.0000% / 8h	2h 31m	$974K	$77K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.045%Rate

Funding earned: −$10.5
Price spread: +0.045% → +0.070%: −$2.55
Slippage, 4 orders: −$99.38
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$135.43
Costs to cover: 1.224%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 16 min ago; Gate: live order book, 16 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, 16 min ago	2.07 bp	7.1 bp −$7	8.5 bp −$85	10.0 bp −$1,000	doesn't fit
Sell Gate live order book, 16 min ago	5.05 bp	63.1 bp −$63	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
Aster STRCUSDT	−0.0484%	8h	98.880	+0.004%	$445K	$66K	20x	as long as short
QFEX STRC-USD	−0.0003%	1h	98.940	+0.065%	$1.4M	$1.3M	10x	as long as short
Lighter STRC	0.0000%	1h	98.948	+0.073%	$896K	$209K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.979	+0.104%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.880	+0.004%	$742K	$75K	25x	as long as short
Gate STRC_USDTshort	0.0000%	8h	98.920	+0.045%	$974K	$77K	20x
Bitget STRCUSDT	0.0000%	8h	98.910	+0.034%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.970	+0.095%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.964	+0.089%	$70K	$97K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.075%	$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	98.943	+0.068%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USDlong	+0.0050%	1h	98.876	long leg	$70K	$162K	10x
KuCoin STRCUSDTM	+0.0100%	8h	98.920	+0.045%	$317K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.815	−0.062%	$52K	$359K	10x	as long as short