Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.004%

Price spread now: QFEX against Gate+0.051%7-day average −0.047% · 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−$105as in the Price arb table

costs, in and out, $10k−$1151.148% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.019%−$2 on $10k

Price spread, last 7 days+0.032%+$3 · spread now +0.051%, 7d avg −0.047%

Together, before fees+0.013%+$1 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 0.098% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STRC_USDT	98.910	0	get 0.0000% / 8h	3h 21m	$974K	$77K	20x
Short	QFEX STRC-USD	98.960	0.0002	get 0.0000% / 1h	21m 27s	$1.4M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0.32
Price spread: +0.051% → −0.047%: $9.75
Slippage, 4 orders: −$89.84
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$104.76
Costs to cover: 1.148%
Break-even: 2304.5 days

Slippage from Gate: live order book, 30 min ago; QFEX: live order book, 5 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 Gate live order book, 30 min ago	7.58 bp	27.6 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.53 bp	7.5 bp −$8	13.7 bp −$137	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	−0.0470%	8h	98.880	−0.030%	$445K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.928	+0.018%	$840K	$152K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.967	+0.058%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.820	−0.091%	$742K	$75K	25x	as long as short
Gate STRC_USDTlong	0.0000%	8h	98.910	long leg	$974K	$77K	20x
Bitget STRCUSDT	0.0000%	8h	98.870	−0.040%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.947	+0.037%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.939	+0.030%	$70K	$98K	10x	as long as short
QFEX STRC-USDshort	+0.0002%	1h	98.960	+0.051%	$1.4M	$1.4M	10x
tradeXYZ xyz:STRC	+0.0023%	1h	98.890	−0.020%	$10.6M	$2.2M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.040%	$3K	$34K	12x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.840	−0.071%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0098%	8h	98.840	−0.071%	$317K	$1.1M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.747	−0.165%	$52K	$359K	10x	as long as short