Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.006%

Price spread now: QFEX against Variational Omni−0.008%7-day average −0.053% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.018%−$2 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.008%, 7d avg −0.053%

Together, before fees−0.019%+ Points / potential airdropVariational Omni: Active · farm board−$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: QFEX is 0.045% dearer against Variational Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRC	99.018	0	get 0.0000% / 8h	3h 57m	$1.5M	$261K	—
Short	QFEX STRC-USD	99.010	0.0002	get 0.0000% / 1h	57m 25s	$1.4M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee QFEXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0.32
Price spread: −0.008% → −0.053%: $4.54
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$5.15
Costs to cover: 0.100%
Break-even: 119.8 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; QFEX: live order book, 4 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 2 min ago	2.61 bp	doesn't fit	46.1 bp −$461	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	3.03 bp	9.0 bp −$9	13.4 bp −$134	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	−0.0417%	8h	98.860	−0.159%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.984	−0.034%	$839K	$151K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.025	+0.007%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.920	−0.099%	$743K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.980	−0.038%	$975K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.890	−0.129%	$4.4M	$72K	20x	as long as short
Variational Omni STRClong	0.0000%	8h	99.018	long leg	$1.5M	$261K	—
GRVT STRC_USDT_Perp	0.0000%	8h	99.000	−0.018%	$70K	$99K	10x	as long as short
QFEX STRC-USDshort	+0.0002%	1h	99.010	−0.008%	$1.4M	$1.5M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.068%	$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	98.939	−0.079%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.907	−0.112%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0099%	8h	98.920	−0.099%	$316K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.769	−0.251%	$52K	$359K	10x	as long as short