Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.010%

Price spread now: QFEX against OKX+0.091%7-day average +0.015% · 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−$50as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.091%, 7d avg +0.015%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.076% dearer against OKX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STRC-USDT-SWAP	98.900	0	get 0.0000% / 8h	3m 48s	$742K	$75K	25x
Short	QFEX STRC-USD	98.990	0.0025	get 0.0003% / 1h	3m 48s	$1.4M	$959K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $5.21
Price spread: +0.091% → +0.015%: $7.64
Slippage, 4 orders: −$38.12
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$45.28
Costs to cover: 0.581%
Break-even: 67.9 days

Slippage from OKX: live order book, 32 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 OKX live order book, 32 min ago	1.01 bp	15.6 bp −$16	108.8 bp −$1,088	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.02 bp	9.0 bp −$9	13.6 bp −$136	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	−0.0486%	8h	98.855	−0.045%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.818	−0.083%	$889K	$215K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.030	+0.131%	$6.1M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAPlong	0.0000%	8h	98.900	long leg	$742K	$75K	25x
Gate STRC_USDT	0.0000%	8h	99.010	+0.111%	$972K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.030%	$4.4M	$80K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.012	+0.113%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.020	+0.121%	$70K	$94K	10x	as long as short
QFEX STRC-USDshort	+0.0025%	1h	98.990	+0.091%	$1.4M	$959K	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.051%	$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	98.926	+0.026%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.911	+0.011%	$70K	$160K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	99.010	+0.111%	$317K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.795	−0.106%	$52K	$362K	10x	as long as short