Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h +0.001%

Price spread now: Bitget against QFEX−0.131%7-day average −0.010% · 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−$89as in the Price arb table

costs, in and out, $10k−$770.767% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.131%, 7d avg −0.010%

Together, before fees+0.015%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.121% cheaper against QFEX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.990	0.0059	pay 0.0007% / 1h	58m 57s	$1.3M	$1.7M	10x
Short	Bitget STRCUSDT	98.860	0	get 0.0000% / 8h	1h 58m	$4.4M	$78K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$12.45
Price spread: −0.131% → −0.010%: −$12.15
Slippage, 4 orders: −$54.71
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$101.31
Costs to cover: 0.767%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago	3.03 bp	8.0 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.54 bp	39.6 bp −$40	68.7 bp −$687	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	−0.0034%	8h	98.861	−0.130%	$445K	$169K	20x	as long as short
Lighter STRC	0.0000%	1h	98.958	−0.032%	$840K	$167K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.970	−0.020%	$6.0M	$3.2M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.840	−0.152%	$741K	$83K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.950	−0.040%	$974K	$79K	20x	as long as short
Bitget STRCUSDTshort	0.0000%	8h	98.860	−0.131%	$4.4M	$78K	20x
Variational Omni STRC	0.0000%	8h	98.972	−0.019%	$1.4M	$184K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.931	−0.060%	$70K	$111K	10x	as long as short
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.040%	$3K	$34K	12x	as long as short
tradeXYZ xyz:STRC	+0.0050%	1h	98.908	−0.083%	$10.7M	$2.1M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps STRC-USD	+0.0050%	1h	98.871	−0.120%	$70K	$182K	10x	as long as short
QFEX STRC-USDlong	+0.0059%	1h	98.990	long leg	$1.3M	$1.7M	10x
KuCoin STRCUSDTM	+0.0100%	8h	98.870	−0.121%	$303K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.804	−0.188%	$52K	$356K	10x	as long as short