Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0029%/8h= −3.1% APRpaid last 24h +0.041%

Price spread now: Bitget against tradeXYZ+0.018%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$890.894% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.432%+$43 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.018%, 7d avg +0.051%

Together, before fees+0.406%+ Points / potential airdroptradeXYZ: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.033% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.051%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.432%, 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	98.862	0.0029	pay 0.0004% / 1h	22m 53s	$10.7M	$2.1M	10x
Short	Bitget STRCUSDT	98.880	0	get 0.0000% / 8h	7h 22m	$4.4M	$80K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$6.01
Price spread: +0.018% → +0.051%: −$3.29
Slippage, 4 orders: −$59.36
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$98.66
Costs to cover: 0.894%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Bitget: live order book, 5 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	0.86 bp	11.5 bp −$12	17.4 bp −$174	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.02 bp	45.7 bp −$46	65.5 bp −$655	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	98.950	+0.089%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.850	−0.012%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.966	+0.105%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.880	+0.018%	$741K	$76K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.940	+0.079%	$974K	$79K	20x	as long as short
Bitget STRCUSDTshort	0.0000%	8h	98.880	+0.018%	$4.4M	$80K	20x
Variational Omni STRC	0.0000%	8h	98.949	+0.088%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.929	+0.067%	$70K	$105K	10x	as long as short
tradeXYZ xyz:STRClong	+0.0029%	1h	98.862	long leg	$10.7M	$2.1M	10x
QFEX STRC-USD	+0.0033%	1h	98.950	+0.089%	$1.3M	$1.9M	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 PERP	+0.0033%	1h	98.950	+0.089%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.859	−0.003%	$70K	$171K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.800	−0.063%	$305K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.769	−0.094%	$52K	$357K	10x	as long as short