Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h −0.008%

Price spread now: QFEX against Gate0.000%55s7-day average −0.043% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1221.217% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 7 days+0.166%+$17 · spread now 0.000%, 7d avg −0.043%

Together, before fees+0.146%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.043% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 55 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	Gate STRC_USDT	98.920	0	get 0.0000% / 8h	7h 10m	$974K	$79K	20x
Short	QFEX STRC-USD	98.920	0.0033	get 0.0004% / 1h	10m 37s	$1.3M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $6.92
Price spread: 0.000% → −0.043%: $4.26
Slippage, 4 orders: −$96.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$110.49
Costs to cover: 1.217%
Break-even: 118.7 days

Slippage from Gate: live order book, 61 min ago; QFEX: live order book, 1 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 Gate live order book, 61 min ago	7.07 bp	27.3 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	2.02 bp	8.0 bp −$8	12.5 bp −$125	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
tradeXYZ xyz:STRC	−0.0015%	1h	98.860	−0.061%	$10.7M	$2.1M	10x	as long as short
Lighter STRC	0.0000%	1h	98.944	+0.024%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.854	−0.067%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.940	+0.020%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.860	−0.061%	$741K	$76K	25x	as long as short
Gate STRC_USDTlong	0.0000%	8h	98.920	long leg	$974K	$79K	20x
Bitget STRCUSDT	0.0000%	8h	98.850	−0.071%	$4.4M	$79K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.919	−0.001%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.905	−0.016%	$70K	$105K	10x	as long as short
QFEX STRC-USDshort	+0.0033%	1h	98.920	0.000%	$1.3M	$1.9M	10x

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	+0.030%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.833	−0.088%	$70K	$171K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.750	−0.172%	$305K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.779	−0.143%	$52K	$357K	10x	as long as short