Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.037%

Price spread now: QFEX against HTX+0.222%7-day average +0.105% · 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−$79as in the Price arb table

costs, in and out, $10k−$900.903% of the position

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.129%−$13 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.222%, 7d avg +0.105%

Together, before fees−0.214%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.117% dearer against HTX than usual: you sell high and buy low (spread +0.222% now, against its 7-day average of +0.105%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX STRC-USDT	98.781	0.0100	pay 0.0100% / 8h	5h 29m	$52K	$357K	10x
Short	QFEX STRC-USD	99.000	0.0003	get 0.0000% / 1h	29m 37s	$1.3M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now +0.222%Rate

Funding earned: −$20.34
Price spread: +0.222% → +0.105%: $11.67
Slippage, 4 orders: −$68.26
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$98.94
Costs to cover: 0.903%
Break-even: never at this rate

Slippage from HTX: live order book, 33 min ago; QFEX: live order book, 2 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 HTX live order book, 33 min ago	8.20 bp	60.5 bp −$61	128.2 bp −$1,282	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.51 bp	7.5 bp −$8	13.3 bp −$133	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	−0.0105%	8h	98.866	+0.086%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.992	+0.214%	$840K	$160K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.020	+0.242%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.890	+0.110%	$742K	$73K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.000	+0.222%	$975K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.890	+0.110%	$4.4M	$75K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.995	+0.216%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.021	+0.243%	$70K	$103K	10x	as long as short
QFEX STRC-USDshort	+0.0003%	1h	99.000	+0.222%	$1.3M	$1.8M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.171%	$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
KuCoin STRCUSDTM	+0.0043%	8h	98.900	+0.120%	$316K	$1.0M	20x	as long as short
tradeXYZ xyz:STRC	+0.0050%	1h	98.905	+0.126%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.899	+0.119%	$70K	$159K	10x	as long as short
HTX STRC-USDTlong	+0.0100%	8h	98.781	long leg	$52K	$357K	10x