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 +0.001%

Price spread now: Gate against QFEX−0.040%7-day average +0.048% · 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−$128as in the Price arb table

costs, in and out, $10k−$1191.194% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.019%+$2 on $10k

Price spread, last 7 days+0.018%+$2 · spread now −0.040%, 7d avg +0.048%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.088% cheaper against QFEX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.048%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	99.000	0.0025	pay 0.0003% / 1h	17m 07s	$1.4M	$975K	10x
Short	Gate STRC_USDT	98.960	0	get 0.0000% / 8h	17m 07s	$974K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.040%Rate

Funding earned: −$5.21
Price spread: −0.040% → +0.048%: −$8.81
Slippage, 4 orders: −$94.44
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$133.46
Costs to cover: 1.194%
Break-even: never at this rate

Slippage from QFEX: live order book, 9 min ago; Gate: live order book, 20 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, 9 min ago	2.02 bp	7.0 bp −$7	11.9 bp −$119	doesn't fit	doesn't fit
Sell Gate live order book, 20 min ago	6.06 bp	78.4 bp −$78	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
Aster STRCUSDT	−0.0480%	8h	98.860	−0.142%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.804	−0.198%	$890K	$208K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.000	0.000%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.890	−0.111%	$741K	$74K	25x	as long as short
Gate STRC_USDTshort	0.0000%	8h	98.960	−0.040%	$974K	$75K	20x
Bitget STRCUSDT	0.0000%	8h	98.880	−0.121%	$4.4M	$79K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.018	+0.018%	$1.5M	$254K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.003	+0.003%	$70K	$95K	10x	as long as short
QFEX STRC-USDlong	+0.0025%	1h	99.000	long leg	$1.4M	$975K	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	98.918	−0.083%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.923	−0.078%	$70K	$160K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	99.040	+0.040%	$318K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.807	−0.195%	$52K	$361K	10x	as long as short