Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0098%/8h= −10.8% APRpaid last 24h −0.029%

Price spread now: QFEX against KuCoin+0.081%7-day average +0.060% · 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−$601as in the Price arb table

costs, in and out, $10k−$6036.032% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.079%−$8 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.081%, 7d avg +0.060%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.021% dearer against KuCoin than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of +0.060%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRCUSDTM	98.910	0.0100	pay 0.0100% / 8h	3h 47m	$317K	$1.1M	20x
Short	QFEX STRC-USD	98.990	0.0002	get 0.0000% / 1h	47m 24s	$1.4M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$20.68
Price spread: +0.081% → +0.060%: $2.12
Slippage, 4 orders: −$581.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$621.73
Costs to cover: 6.032%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; QFEX: live order book, 4 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 KuCoin live order book, 2 min ago	1.01 bp	323.8 bp −$324	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.53 bp	8.5 bp −$9	12.9 bp −$129	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	−0.0444%	8h	98.860	−0.051%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.990	+0.081%	$840K	$151K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.990	+0.081%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.900	−0.010%	$743K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.970	+0.061%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.880	−0.030%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.018	+0.109%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.990	+0.081%	$70K	$96K	10x	as long as short
QFEX STRC-USDshort	+0.0002%	1h	98.990	+0.081%	$1.4M	$1.5M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.040%	$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	98.902	−0.008%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.892	−0.018%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTMlong	+0.0100%	8h	98.910	long leg	$317K	$1.1M	20x
HTX STRC-USDT	+0.0100%	8h	98.767	−0.145%	$52K	$359K	10x	as long as short