Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.032%

Price spread now: QFEX against KuCoin+0.152%56s7-day average +0.061% · 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—prices read too far apart to compare

costs, in and out, $10k−$4684.678% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.078%−$8 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.152%, 7d avg +0.061%

Together, before fees−0.171%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.090% dearer against KuCoin than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of +0.061%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.7 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRCUSDTM	98.880	0.0056	pay 0.0056% / 8h	5h 48m	$315K	$1.0M	20x
Short	QFEX STRC-USD	99.030	0.0003	get 0.0000% / 1h	48m 38s	$1.3M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now +0.152%Rate

Funding earned: −$11.1
Price spread: +0.152% → +0.061%: $9.04
Slippage, 4 orders: −$445.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$469.83
Costs to cover: 4.678%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; QFEX: live order book, 3 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 KuCoin live order book, 1 min ago	2.02 bp	282.9 bp −$283	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.02 bp	8.0 bp −$8	13.2 bp −$132	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	−0.0036%	8h	98.860	−0.020%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.998	+0.119%	$840K	$160K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.050	+0.172%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.910	+0.030%	$742K	$72K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	99.020	+0.142%	$975K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	+0.020%	$4.4M	$75K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.036	+0.157%	$1.5M	$264K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.004	+0.126%	$71K	$103K	10x	as long as short
QFEX STRC-USDshort	+0.0003%	1h	99.030	+0.152%	$1.3M	$1.8M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.071%	$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	98.913	+0.033%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.928	+0.049%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTMlong	+0.0056%	8h	98.880	long leg	$315K	$1.0M	20x
HTX STRC-USDT	+0.0100%	8h	98.821	−0.060%	$52K	$356K	10x	as long as short