Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.011%

Price spread now: Aster against QFEX−0.124%53s7-day average +0.003% · you buy dearer than you sell

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−$580.580% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.124%, 7d avg +0.003%

Together, before fees+0.075%+ Points / potential airdropAster: Stage 5 · farm board+$7 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: Aster is 0.127% cheaper against QFEX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 53 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	QFEX STRC-USD	98.980	0.0009	pay 0.0001% / 1h	40m 44s	$1.3M	$1.8M	10x
Short	Aster STRCUSDT	98.858	0	get 0.0000% / 8h	6h 40m	$445K	$161K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$1.9
Price spread: −0.124% → +0.003%: −$12.68
Slippage, 4 orders: −$39.96
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$72.54
Costs to cover: 0.580%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Aster: live order book, 27 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, 6 min ago	2.02 bp	7.0 bp −$7	12.9 bp −$129	doesn't fit	doesn't fit
Sell Aster live order book, 27 min ago	5.06 bp	32.0 bp −$32	doesn't fit	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
Lighter STRC	0.0000%	1h	98.963	−0.017%	$840K	$160K	10x	as long as short
Aster STRCUSDTshort	0.0000%	8h	98.858	−0.124%	$445K	$161K	20x
Binance STRCUSDT	0.0000%	8h	98.995	+0.015%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.850	−0.131%	$741K	$75K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.970	−0.010%	$974K	$78K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.900	−0.081%	$4.4M	$78K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.980	0.000%	$1.5M	$261K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.943	−0.037%	$70K	$105K	10x	as long as short
QFEX STRC-USDlong	+0.0009%	1h	98.980	long leg	$1.3M	$1.8M	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	98.900	−0.081%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.878	−0.103%	$70K	$159K	10x	as long as short
KuCoin STRCUSDTM	+0.0074%	8h	98.830	−0.152%	$310K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.810	−0.172%	$52K	$356K	10x	as long as short