Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.055%

Price spread now: Gate against tradeXYZ+0.020%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1231.233% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.516%+$52 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.020%, 7d avg +0.091%

Together, before fees+0.494%+ Points / potential airdroptradeXYZ: Active · farm board+$49 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 0.071% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.091%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.516%, 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	98.890	0.0050	pay 0.0006% / 1h	39m 52s	$10.6M	$2.2M	10x
Short	Gate STRC_USDT	98.910	0	get 0.0000% / 8h	3h 39m	$974K	$77K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: −$10.5
Price spread: +0.020% → +0.091%: −$7.05
Slippage, 4 orders: −$90.31
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$140.86
Costs to cover: 1.233%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; Gate: live order book, 12 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, 9 min ago	1.01 bp	11.6 bp −$12	14.6 bp −$146	doesn't fit	doesn't fit
Sell Gate live order book, 12 min ago	7.58 bp	72.2 bp −$72	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	−0.0463%	8h	98.860	−0.031%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.933	+0.043%	$839K	$151K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.994	+0.105%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.870	−0.020%	$742K	$73K	25x	as long as short
Gate STRC_USDTshort	0.0000%	8h	98.910	+0.020%	$974K	$77K	20x
Bitget STRCUSDT	0.0000%	8h	98.870	−0.020%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.978	+0.089%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.953	+0.063%	$70K	$97K	10x	as long as short
QFEX STRC-USD	+0.0002%	1h	98.990	+0.101%	$1.4M	$1.4M	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.061%	$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	98.890	long leg	$10.6M	$2.2M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.879	−0.011%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.870	−0.020%	$317K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.811	−0.080%	$52K	$360K	10x	as long as short