Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.039%

Price spread now: QFEX against HTX−2.498%7-day average +0.136% · 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−$354as in the Price arb table

costs, in and out, $10k−$900.905% of the position

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.120%−$12 on $10k

Price spread, last 3 days (all we have)+2.668%+$267 · spread now −2.498%, 7d avg +0.136%

Together, before fees+2.548%+$255 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 QFEX is 2.634% cheaper against HTX than usual: you would sell low and buy high (−$263 if the spread goes back to its 7-day average of +0.136%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX STRC-USDT	98.798	0.0100	pay 0.0100% / 8h	7h 59m	$52K	$358K	10x
Short	QFEX STRC-USD	96.330	0.0033	get 0.0004% / 1h	59m 18s	$1.3M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now −2.498%Rate

Funding earned: −$14.08
Price spread: −2.498% → +0.136%: −$263.36
Slippage, 4 orders: −$68.48
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$367.92
Costs to cover: 0.905%
Break-even: never at this rate

Slippage from HTX: live order book, 13 min ago; QFEX: live order book, 3 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 HTX live order book, 13 min ago	11.24 bp	55.0 bp −$55	91.4 bp −$914	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.02 bp	9.0 bp −$9	12.8 bp −$128	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
Lighter STRC	0.0000%	1h	98.959	+0.163%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.810	+0.012%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.845	+0.048%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.920	+0.123%	$741K	$82K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	+0.164%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	+0.073%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.962	+0.166%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.970	+0.174%	$70K	$109K	10x	as long as short
QFEX STRC-USDshort	+0.0033%	1h	96.330	−2.498%	$1.3M	$1.9M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.154%	$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:STRC	+0.0050%	1h	98.938	+0.142%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.874	+0.077%	$70K	$182K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.820	+0.022%	$304K	$1.0M	20x	as long as short
HTX STRC-USDTlong	+0.0100%	8h	98.798	long leg	$52K	$358K	10x