Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.012%

Price spread now: Aster against QFEX−0.172%7-day average +0.001% · 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−$77as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.172%, 7d avg +0.001%

Together, before fees+0.203%+ Points / potential airdropAster: Stage 5 · farm board+$20 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 Aster is 0.173% cheaper against QFEX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	99.030	0.0003	pay 0.0000% / 1h	40m 32s	$1.4M	$1.8M	10x
Short	Aster STRCUSDT	98.860	−0.0066	pay 0.0066% / 8h	5h 40m	$445K	$161K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now −0.172%Rate

Funding earned: −$14.5
Price spread: −0.172% → +0.001%: −$17.31
Slippage, 4 orders: −$42.08
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$91.89
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from QFEX: live order book, 1 min ago; Aster: live order book, 22 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 QFEX live order book, 1 min ago	2.02 bp	9.0 bp −$9	15.1 bp −$151	doesn't fit	doesn't fit
Sell Aster live order book, 22 min ago	0.51 bp	35.1 bp −$35	doesn't fit	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 STRCUSDTshort	−0.0066%	8h	98.860	−0.172%	$445K	$161K	20x
Lighter STRC	0.0000%	1h	98.996	−0.034%	$840K	$160K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.050	+0.020%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.900	−0.131%	$742K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.020	−0.010%	$975K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	−0.131%	$4.4M	$75K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.036	+0.006%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.009	−0.021%	$71K	$103K	10x	as long as short
QFEX STRC-USDlong	+0.0003%	1h	99.030	long leg	$1.4M	$1.8M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.081%	$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	98.913	−0.118%	$10.7M	$2.1M	10x	as long as short
KuCoin STRCUSDTM	+0.0050%	8h	98.870	−0.162%	$316K	$1.0M	20x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.929	−0.102%	$70K	$159K	10x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.811	−0.221%	$52K	$357K	10x	as long as short