Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.008%

Price spread now: Binance against QFEX+0.017%7-day average +0.117% · 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−$47as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 2 days (all we have)+0.020%+$2 · spread now +0.017%, 7d avg +0.117%

Together, before fees+0.037%+$4 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: Binance is 0.100% cheaper against QFEX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	99.000	0.0009	pay 0.0001% / 1h	23m 29s	$1.3M	$1.8M	10x
Short	Binance STRCUSDT	99.017	0	get 0.0000% / 8h	6h 23m	$6.0M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.017%Rate

Funding earned: −$1.9
Price spread: +0.017% → +0.117%: −$10.01
Slippage, 4 orders: −$16.69
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$48.6
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Binance: live order book, 15 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, 3 min ago	2.02 bp	8.0 bp −$8	14.1 bp −$141	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.50 bp	11.0 bp −$11	42.6 bp −$426	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	98.992	−0.008%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.859	−0.143%	$445K	$161K	20x	as long as short
Binance STRCUSDTshort	0.0000%	8h	99.017	+0.017%	$6.0M	$3.3M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.900	−0.101%	$742K	$74K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.020	+0.020%	$975K	$78K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	−0.101%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.039	+0.039%	$1.5M	$262K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.030	+0.030%	$70K	$106K	10x	as long as short
QFEX STRC-USDlong	+0.0009%	1h	99.000	long leg	$1.3M	$1.8M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.051%	$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	98.932	−0.069%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.920	−0.081%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0060%	8h	98.870	−0.131%	$314K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.791	−0.211%	$52K	$356K	10x	as long as short