Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.038%

Price spread now: HTX against QFEX−0.172%7-day average −0.104% · 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−$99as in the Price arb table

costs, in and out, $10k−$920.918% of the position

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.129%+$13 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.172%, 7d avg −0.104%

Together, before fees+0.176%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.068% cheaper against QFEX than usual: you would sell low and buy high (spread −0.172% now, against its 7-day average of −0.104%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.980	0.0009	pay 0.0001% / 1h	41m 05s	$1.3M	$1.8M	10x
Short	HTX STRC-USDT	98.810	0.0100	get 0.0100% / 8h	6h 41m	$52K	$356K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.172%Rate

Funding earned: $19.1
Price spread: −0.172% → −0.104%: −$6.8
Slippage, 4 orders: −$69.83
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$79.53
Costs to cover: 0.918%
Break-even: 36.1 days

Slippage from QFEX: live order book, 6 min ago; HTX: live order book, 27 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	12.9 bp −$129	doesn't fit	doesn't fit
Sell HTX live order book, 27 min ago	10.38 bp	18.3 bp −$18	86.3 bp −$863	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	98.961	−0.019%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.858	−0.124%	$445K	$161K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.990	+0.010%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.840	−0.141%	$741K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.970	−0.010%	$974K	$78K	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	98.980	0.000%	$1.5M	$261K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.943	−0.037%	$70K	$105K	10x	as long as short
QFEX STRC-USDlong	+0.0009%	1h	98.980	long leg	$1.3M	$1.8M	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	98.895	−0.086%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.878	−0.103%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0074%	8h	98.830	−0.152%	$310K	$1.0M	20x	as long as short
HTX STRC-USDTshort	+0.0100%	8h	98.810	−0.172%	$52K	$356K	10x