Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.033%

Price spread now: HTX against QFEX−0.179%7-day average −0.110% · 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−$99as in the Price arb table

costs, in and out, $10k−$920.917% of the position

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.129%+$13 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.179%, 7d avg −0.110%

Together, before fees+0.164%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.069% cheaper against QFEX than usual: you would sell low and buy high (spread −0.179% now, against its 7-day average of −0.110%). If the spread goes back, that is −$7 on $10k: about 3.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.980	0.0025	pay 0.0003% / 1h	39m 58s	$1.4M	$1.1M	10x
Short	HTX STRC-USDT	98.803	0.0100	get 0.0100% / 8h	1h 39m	$52K	$360K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.179%Rate

Funding earned: $15.74
Price spread: −0.179% → −0.110%: −$6.86
Slippage, 4 orders: −$69.65
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$82.78
Costs to cover: 0.917%
Break-even: 43.8 days

Slippage from QFEX: live order book, 1 min ago; HTX: 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 QFEX live order book, 1 min ago	2.02 bp	9.0 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	8.20 bp	15.7 bp −$16	52.1 bp −$521	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	−0.0465%	8h	98.880	−0.101%	$446K	$67K	20x	as long as short
Lighter STRC	0.0000%	1h	98.972	−0.008%	$896K	$197K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	99.020	+0.040%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.880	−0.101%	$741K	$76K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.960	−0.020%	$974K	$75K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.880	−0.101%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.018	+0.038%	$1.5M	$256K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.006	+0.026%	$70K	$95K	10x	as long as short
QFEX STRC-USDlong	+0.0025%	1h	98.980	long leg	$1.4M	$1.1M	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	98.940	−0.040%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.921	−0.060%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.910	−0.071%	$317K	$1.0M	20x	as long as short
HTX STRC-USDTshort	+0.0100%	8h	98.803	−0.179%	$52K	$360K	10x