Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.010%

Price spread now: GRVT against QFEX−0.032%7-day average +0.035% · 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−$59as in the Price arb table

costs, in and out, $10k−$520.522% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.032%, 7d avg +0.035%

Together, before fees+0.010%+ Points / potential airdropGRVT: Active · farm board+$1 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 GRVT is 0.066% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.980	0.0026	pay 0.0003% / 1h	21m 34s	$1.3M	$1.7M	10x
Short	GRVT STRC_USDT_Perp	98.949	0	get 0.0000% / 8h	2h 21m	$70K	$112K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$5.41
Price spread: −0.032% → +0.035%: −$6.62
Slippage, 4 orders: −$33.22
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$64.25
Costs to cover: 0.522%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; GRVT: live order book, 64 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, 5 min ago	2.53 bp	8.5 bp −$9	11.8 bp −$118	doesn't fit	doesn't fit
Sell GRVT live order book, 64 min ago	1.52 bp	18.2 bp −$18	51.1 bp −$511	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	−0.0095%	8h	98.846	−0.135%	$445K	$169K	20x	as long as short
Lighter STRC	0.0000%	1h	98.947	−0.033%	$840K	$167K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.970	−0.010%	$6.0M	$3.2M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.840	−0.141%	$741K	$82K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.940	−0.040%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	−0.081%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.972	−0.009%	$1.4M	$184K	—	as long as short
GRVT STRC_USDT_Perpshort	0.0000%	8h	98.949	−0.032%	$70K	$112K	10x
QFEX STRC-USDlong	+0.0026%	1h	98.980	long leg	$1.3M	$1.7M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.030%	$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	98.931	−0.050%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.870	−0.111%	$70K	$182K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.910	−0.071%	$304K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.674	−0.309%	$52K	$355K	10x	as long as short