Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.008%

Price spread now: Gate against QFEX0.000%7-day average +0.043% · 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−$123as in the Price arb table

costs, in and out, $10k−$1191.187% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 7 days−0.166%−$17 · spread now 0.000%, 7d avg +0.043%

Together, before fees−0.146%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.043% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.920	0.0033	pay 0.0004% / 1h	11m 11s	$1.3M	$1.9M	10x
Short	Gate STRC_USDT	98.920	0	get 0.0000% / 8h	7h 11m	$974K	$79K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$6.92
Price spread: 0.000% → +0.043%: −$4.26
Slippage, 4 orders: −$93.65
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$129.83
Costs to cover: 1.187%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Gate: live order book, 61 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, 6 min ago	2.02 bp	7.0 bp −$7	11.3 bp −$113	doesn't fit	doesn't fit
Sell Gate live order book, 61 min ago	7.07 bp	77.3 bp −$77	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
tradeXYZ xyz:STRC	−0.0015%	1h	98.860	−0.061%	$10.7M	$2.1M	10x	as long as short
Lighter STRC	0.0000%	1h	98.945	+0.025%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.854	−0.067%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.912	−0.008%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.860	−0.061%	$741K	$76K	25x	as long as short
Gate STRC_USDTshort	0.0000%	8h	98.920	0.000%	$974K	$79K	20x
Bitget STRCUSDT	0.0000%	8h	98.850	−0.071%	$4.4M	$80K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.919	−0.001%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.905	−0.016%	$70K	$105K	10x	as long as short
QFEX STRC-USDlong	+0.0033%	1h	98.920	long leg	$1.3M	$1.9M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.030%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.833	−0.088%	$70K	$171K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.750	−0.172%	$305K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.779	−0.143%	$52K	$357K	10x	as long as short