Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.007%

Price spread now: QFEX against Binance−0.008%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 7 days−0.016%−$2 · spread now −0.008%, 7d avg −0.068%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.061% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STRCUSDT	99.017	0	get 0.0000% / 8h	5h 36m	$6.0M	$3.3M	25x
Short	QFEX STRC-USD	99.010	0.0003	get 0.0000% / 1h	36m 32s	$1.3M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Binance. 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 BinancebpFee QFEXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0.66
Price spread: −0.008% → −0.068%: $6.07
Slippage, 4 orders: −$17.73
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$31.01
Costs to cover: 0.377%
Break-even: 338.3 days

Slippage from Binance: live order book, 2 min ago; QFEX: 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 Binance live order book, 2 min ago	0.50 bp	9.7 bp −$10	30.3 bp −$303	93.3 bp −$9,332	doesn't fit
Sell QFEX live order book, 5 min ago	2.02 bp	8.0 bp −$8	13.2 bp −$132	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	−0.0080%	8h	98.860	−0.159%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.993	−0.025%	$840K	$160K	10x	as long as short
Binance STRCUSDTlong	0.0000%	8h	99.017	long leg	$6.0M	$3.3M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.890	−0.129%	$742K	$73K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.010	−0.008%	$975K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.890	−0.129%	$4.4M	$75K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.036	+0.018%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.032	+0.015%	$71K	$103K	10x	as long as short
QFEX STRC-USDshort	+0.0003%	1h	99.010	−0.008%	$1.3M	$1.8M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.068%	$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
KuCoin STRCUSDTM	+0.0043%	8h	98.860	−0.159%	$317K	$1.0M	20x	as long as short
tradeXYZ xyz:STRC	+0.0050%	1h	98.912	−0.106%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.912	−0.106%	$70K	$159K	10x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.822	−0.197%	$52K	$357K	10x	as long as short