Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.055%

Price spread now: Variational Omni against tradeXYZ+0.058%7-day average +0.096% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.328%+$33 on $10k

Price spread, last 7 days+0.025%+$2 · spread now +0.058%, 7d avg +0.096%

Together, before fees+0.353%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$35 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 Variational Omni is 0.037% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.096%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.328%, 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	98.928	0.0050	pay 0.0006% / 1h	33m 12s	$10.6M	$2.2M	10x
Short	Variational Omni STRC	98.986	0	get 0.0000% / 8h	33m 12s	$1.5M	$254K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.058%Rate

Funding earned: −$10.5
Price spread: +0.058% → +0.096%: −$3.74
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.24
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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	13.3 bp −$133	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.61 bp	doesn't fit	55.6 bp −$556	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	−0.0475%	8h	98.915	−0.013%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.803	−0.126%	$890K	$208K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.005	+0.078%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.870	−0.059%	$741K	$74K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	+0.032%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.880	−0.049%	$4.4M	$79K	20x	as long as short
Variational Omni STRCshort	0.0000%	8h	98.986	+0.058%	$1.5M	$254K	—
GRVT STRC_USDT_Perp	0.0000%	8h	98.984	+0.057%	$70K	$96K	10x	as long as short
QFEX STRC-USD	+0.0025%	1h	98.970	+0.042%	$1.4M	$978K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.022%	$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	98.928	long leg	$10.6M	$2.2M	10x
Polymarket Perps STRC-USD	+0.0050%	1h	98.894	−0.034%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	99.030	+0.103%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.842	−0.087%	$52K	$361K	10x	as long as short