Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h +0.010%

Price spread now: Binance against QFEX+0.010%7-day average +0.046% · 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−$38as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on QFEX Short on Binance

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 2 days (all we have)+0.020%+$2 · spread now +0.010%, 7d avg +0.046%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.036% cheaper against QFEX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.920	0.0016	pay 0.0002% / 1h	30m 36s	$1.3M	$1.6M	10x
Short	Binance STRCUSDT	98.930	0	get 0.0000% / 8h	3h 30m	$6.0M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.010%Rate

Funding earned: −$3.39
Price spread: +0.010% → +0.046%: −$3.6
Slippage, 4 orders: −$14.26
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.25
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; Binance: live order book, 11 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, 2 min ago	2.02 bp	9.0 bp −$9	11.4 bp −$114	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.51 bp	9.2 bp −$9	32.0 bp −$320	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	−0.0302%	8h	98.804	−0.117%	$445K	$169K	20x	as long as short
Lighter STRC	0.0000%	1h	98.913	−0.007%	$841K	$166K	10x	as long as short
Binance STRCUSDTshort	0.0000%	8h	98.930	+0.010%	$6.0M	$3.1M	25x
OKX STRC-USDT-SWAP	0.0000%	8h	98.840	−0.081%	$740K	$82K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.840	−0.081%	$973K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.830	−0.091%	$4.4M	$76K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.926	+0.007%	$1.4M	$184K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.907	−0.013%	$70K	$115K	10x	as long as short
QFEX STRC-USDlong	+0.0016%	1h	98.920	long leg	$1.3M	$1.6M	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	98.881	−0.039%	$10.7M	$2.0M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.827	−0.094%	$70K	$183K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.780	−0.142%	$303K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.786	−0.135%	$52K	$354K	10x	as long as short