Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.002%

Price spread now: OKX against QFEX−0.061%7-day average −0.039% · 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−$62as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.045%−$5 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.061%, 7d avg −0.039%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.022% cheaper against QFEX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.870	0.0059	pay 0.0007% / 1h	18m 00s	$1.4M	$1.8M	10x
Short	OKX STRC-USDT-SWAP	98.810	0	get 0.0000% / 8h	1h 18m	$741K	$83K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$12.45
Price spread: −0.061% → −0.039%: −$2.16
Slippage, 4 orders: −$39.56
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$74.17
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; OKX: live order book, 63 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, 4 min ago	2.02 bp	7.0 bp −$7	12.7 bp −$127	doesn't fit	doesn't fit
Sell OKX live order book, 63 min ago	1.01 bp	26.0 bp −$26	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
Lighter STRC	0.0000%	1h	98.871	+0.001%	$839K	$167K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.750	−0.121%	$445K	$165K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.894	+0.025%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAPshort	0.0000%	8h	98.810	−0.061%	$741K	$83K	25x
Gate STRC_USDT	0.0000%	8h	98.890	+0.020%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.850	−0.020%	$4.4M	$79K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.873	+0.003%	$1.4M	$184K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.850	−0.020%	$70K	$111K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.081%	$3K	$34K	12x	as long as short
tradeXYZ xyz:STRC	+0.0050%	1h	98.870	0.000%	$10.7M	$2.1M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps STRC-USD	+0.0050%	1h	98.802	−0.069%	$70K	$182K	10x	as long as short
QFEX STRC-USDlong	+0.0059%	1h	98.870	long leg	$1.4M	$1.8M	10x
KuCoin STRCUSDTM	+0.0100%	8h	98.690	−0.182%	$303K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.685	−0.187%	$52K	$358K	10x	as long as short