Funding arb · Price arb /

STRC

RWAall STRC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.003%

Price spread now: OKX against QFEX−0.071%7-day average −0.007% · 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−$68as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.071%, 7d avg −0.007%

Together, before fees+0.009%+$1 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 OKX is 0.064% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.950	0.0033	pay 0.0004% / 1h	24m 26s	$1.3M	$1.9M	10x
Short	OKX STRC-USDT-SWAP	98.880	0	get 0.0000% / 8h	7h 24m	$741K	$76K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$6.92
Price spread: −0.071% → −0.007%: −$6.38
Slippage, 4 orders: −$41.2
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$74.5
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; OKX: live order book, 47 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, 2 min ago	1.52 bp	6.5 bp −$7	9.9 bp −$99	doesn't fit	doesn't fit
Sell OKX live order book, 47 min ago	1.01 bp	29.4 bp −$29	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
Lighter STRC	0.0000%	1h	98.945	−0.005%	$840K	$160K	10x	as long as short
Aster STRCUSDT	0.0000%	8h	98.849	−0.102%	$445K	$166K	20x	as long as short
Binance STRCUSDT	0.0000%	8h	98.965	+0.015%	$6.0M	$3.4M	25x	as long as short
OKX STRC-USDT-SWAPshort	0.0000%	8h	98.880	−0.071%	$741K	$76K	25x
Gate STRC_USDT	0.0000%	8h	98.940	−0.010%	$974K	$79K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.880	−0.071%	$4.4M	$80K	20x	as long as short
Variational Omni STRC	0.0000%	8h	98.949	−0.001%	$1.5M	$259K	—	as long as short
GRVT STRC_USDT_Perp	0.0000%	8h	98.945	−0.005%	$70K	$105K	10x	as long as short
QFEX STRC-USDlong	+0.0033%	1h	98.950	long leg	$1.3M	$1.9M	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	0.000%	$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	+0.0034%	1h	98.862	−0.089%	$10.7M	$2.1M	10x	as long as short
Polymarket Perps STRC-USD	+0.0050%	1h	98.859	−0.092%	$70K	$171K	10x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.800	−0.152%	$305K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.785	−0.167%	$52K	$357K	10x	as long as short