Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against Variational Omni+0.033%61s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.033% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRC	98.918	0	get 0.0000% / 8h	3h 26m	$1.5M	$255K	—
Short	Injective STRC/USDC PERP	98.950	0.0033	get 0.0004% / 1h	26m 13s	$3K	$34K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now +0.033%Rate

Funding earned: $7
Price spread: +0.033% → 0.000%: $3.27
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $10.25
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Injective: no order-book sample. 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 Variational Omni RFQ quote, 3 min ago	2.61 bp	doesn't fit	46.9 bp −$469	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0469%	8h	98.902	−0.016%	$446K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.928	+0.010%	$840K	$152K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.960	+0.043%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.820	−0.099%	$741K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	−0.008%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.048%	$4.4M	$72K	20x	as long as short
Variational Omni STRClong	0.0000%	8h	98.918	long leg	$1.5M	$255K	—
GRVT STRC_USDT_Perp	0.0000%	8h	98.939	+0.021%	$70K	$97K	10x	as long as short
QFEX STRC-USD	+0.0002%	1h	98.960	+0.043%	$1.4M	$1.4M	10x	as long as short
tradeXYZ xyz:STRC	+0.0026%	1h	98.890	−0.028%	$10.6M	$2.2M	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 PERPshort	+0.0033%	1h	98.950	+0.033%	$3K	$34K	12x
Polymarket Perps STRC-USD	+0.0050%	1h	98.846	−0.072%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.850	−0.068%	$316K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.782	−0.137%	$52K	$359K	10x	as long as short