Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.037%

Price spread now: Aster against tradeXYZ−0.123%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.520%+$52 on $10k

Price spread, last 4 days (all we have)+0.151%+$15 · spread now −0.123%, 7d avg +0.034%

Together, before fees+0.672%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board+$67 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 Aster is 0.157% cheaper against tradeXYZ than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.034%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.520%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:STRC	98.919	0.0050	pay 0.0006% / 1h	12m 28s	$10.7M	$2.1M	10x
Short	Aster STRCUSDT	98.797	0	get 0.0000% / 8h	12m 28s	$445K	$166K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$10.5
Price spread: −0.123% → +0.034%: −$15.74
Slippage, 4 orders: −$40.66
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$92.9
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Aster: live order book, 65 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 tradeXYZ live order book, 6 min ago	0.81 bp	10.9 bp −$11	13.4 bp −$134	doesn't fit	doesn't fit
Sell Aster live order book, 65 min ago	5.06 bp	26.7 bp −$27	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	98.940	+0.021%	$840K	$167K	10x	as long as short
Aster STRCUSDTshort	0.0000%	8h	98.797	−0.123%	$445K	$166K	20x
Binance STRCUSDT	0.0000%	8h	98.960	+0.041%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.840	−0.080%	$741K	$82K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.940	+0.021%	$974K	$80K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.840	−0.080%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.951	+0.032%	$1.5M	$261K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.934	+0.015%	$70K	$109K	10x	as long as short
QFEX STRC-USD	+0.0014%	1h	98.950	+0.031%	$1.3M	$1.8M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.031%	$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:STRClong	+0.0050%	1h	98.919	long leg	$10.7M	$2.1M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.862	−0.058%	$70K	$182K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.800	−0.120%	$304K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.790	−0.130%	$51K	$358K	10x	as long as short