Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Injective against QFEX−0.081%105s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 0.081% cheaper against QFEX than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 105 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	99.030	0.0033	pay 0.0004% / 1h	51m 39s	$1.3M	$1.9M	10x
Short	Injective STRC/USDC PERP	98.950	0.0033	get 0.0004% / 1h	51m 39s	$3K	$34K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.081%Rate

Funding earned: $0.08
Price spread: −0.081% → 0.000%: −$8.08
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$18.02
Costs to cover: 0.100%
Break-even: 1616.2 days

Slippage unknown: QFEX: live order book, 10 min ago; Injective: no order-book sample. Net counts fees only.

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, 10 min ago	2.02 bp	9.0 bp −$9	13.3 bp −$133	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	98.973	−0.058%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.850	−0.182%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	99.050	+0.020%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.970	−0.061%	$742K	$77K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.970	−0.061%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.890	−0.141%	$4.4M	$81K	20x	as long as short
Variational Omni STRC	0.0000%	8h	99.022	−0.008%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	99.030	0.000%	$70K	$109K	10x	as long as short
QFEX STRC-USDlong	+0.0033%	1h	99.030	long leg	$1.3M	$1.9M	10x
Injective STRC/USDC PERPshort	+0.0033%	1h	98.950	−0.081%	$3K	$34K	12x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:STRC	+0.0050%	1h	98.942	−0.089%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.934	−0.097%	$70K	$171K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.880	−0.151%	$305K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.767	−0.266%	$52K	$357K	10x	as long as short