Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.029%

Price spread now: KuCoin against QFEX−0.111%7-day average −0.060% · 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−$545as in the Price arb table

costs, in and out, $10k−$5405.401% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.079%+$8 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.111%, 7d avg −0.060%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.051% cheaper against QFEX than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of −0.060%). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.990	0.0002	pay 0.0000% / 1h	42m 05s	$1.4M	$1.5M	10x
Short	KuCoin STRCUSDTM	98.880	0.0100	get 0.0100% / 8h	3h 42m	$317K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.111%Rate

Funding earned: $20.68
Price spread: −0.111% → −0.060%: −$5.14
Slippage, 4 orders: −$518.06
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$524.52
Costs to cover: 5.401%
Break-even: 184.5 days

Slippage from QFEX: live order book, 9 min ago; KuCoin: 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, 9 min ago	2.53 bp	8.5 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	3.04 bp	280.1 bp −$280	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	−0.0456%	8h	98.863	−0.129%	$445K	$161K	20x	as long as short
Lighter STRC	0.0000%	1h	98.991	+0.001%	$840K	$151K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.993	+0.003%	$6.0M	$3.3M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.870	−0.121%	$742K	$73K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	−0.081%	$974K	$77K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.870	−0.121%	$4.4M	$72K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.968	−0.023%	$1.5M	$255K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.953	−0.038%	$70K	$97K	10x	as long as short
QFEX STRC-USDlong	+0.0002%	1h	98.990	long leg	$1.4M	$1.5M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	−0.040%	$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	−0.091%	$10.6M	$2.2M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.880	−0.111%	$70K	$162K	10x	as long as short
KuCoin STRCUSDTMshort	+0.0100%	8h	98.880	−0.111%	$317K	$1.1M	20x
HTX STRC-USDT	+0.0100%	8h	98.747	−0.245%	$52K	$359K	10x	as long as short