Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.002%

Price spread now: Bitget against QFEX−0.121%46s7-day average +0.006% · 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—prices read too far apart to compare

costs, in and out, $10k−$580.577% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.028%−$3 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.121%, 7d avg +0.006%

Together, before fees−0.020%−$2 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: Bitget is 0.127% cheaper against QFEX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 46 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	QFEX STRC-USD	99.010	0.0002	pay 0.0000% / 1h	58m 50s	$1.4M	$1.5M	10x
Short	Bitget STRCUSDT	98.890	0	get 0.0000% / 8h	3h 58m	$4.4M	$72K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$0.32
Price spread: −0.121% → +0.006%: −$12.74
Slippage, 4 orders: −$35.66
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.71
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Bitget: 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 QFEX live order book, 3 min ago	3.03 bp	8.0 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.55 bp	22.0 bp −$22	65.7 bp −$657	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	−0.0415%	8h	98.860	−0.152%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.984	−0.026%	$839K	$151K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.025	+0.015%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.920	−0.091%	$743K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.990	−0.020%	$975K	$77K	20x	as long as short
Bitget STRCUSDTshort	0.0000%	8h	98.890	−0.121%	$4.4M	$72K	20x
Variational Omni STRC	0.0000%	8h	99.018	+0.008%	$1.5M	$261K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.004	−0.006%	$70K	$99K	10x	as long as short
QFEX STRC-USDlong	+0.0002%	1h	99.010	long leg	$1.4M	$1.5M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.061%	$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	98.942	−0.069%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.909	−0.102%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0096%	8h	98.920	−0.091%	$316K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.783	−0.229%	$52K	$359K	10x	as long as short