Funding arb · Price arb /

STRC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h 0.000%

Price spread now: Variational Omni against QFEX−0.020%7-day average +0.053% · you buy dearer than you sell

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

Long on QFEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.020%, 7d avg +0.053%

Together, before fees+0.058%+ Points / potential airdropVariational Omni: Active · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.074% cheaper against QFEX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX STRC-USD	98.910	0.0001	pay 0.0000% / 1h	49m 12s	$1.3M	$869K	10x
Short	Variational Omni STRC	98.890	0	get 0.0000% / 8h	5h 49m	$1.4M	$252K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against QFEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.020%Rate

Funding earned: −$0.22
Price spread: −0.020% → +0.053%: −$7.35
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.57
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 5 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 5 min ago	1.52 bp	6.5 bp −$7	9.6 bp −$96	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.61 bp	doesn't fit	55.2 bp −$552	doesn't fit	doesn't fit

STRC on 14 exchanges

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
tradeXYZ xyz:STRC	−0.0434%	1h	98.784	−0.127%	$10.5M	$2.4M	10x	as long as short
Aster STRCUSDT	−0.0391%	8h	98.890	−0.020%	$446K	$67K	20x	as long as short
Polymarket Perps STRC-USD	−0.0257%	1h	98.745	−0.167%	$70K	$40K	10x	as long as short
Lighter STRC	0.0000%	1h	98.748	−0.164%	$888K	$141K	10x	as long as short
Binance STRCUSDT	0.0000%	8h	98.920	+0.010%	$6.0M	$3.2M	25x	as long as short
OKX STRC-USDT-SWAP	0.0000%	8h	98.870	−0.040%	$741K	$66K	25x	as long as short
Gate STRC_USDT	0.0000%	8h	98.910	0.000%	$971K	$58K	20x	as long as short
Bitget STRCUSDT	0.0000%	8h	98.820	−0.091%	$4.4M	$69K	20x	as long as short
Variational Omni STRCshort	0.0000%	8h	98.890	−0.020%	$1.4M	$252K	—
GRVT STRC_USDT_Perp	0.0000%	8h	98.927	+0.017%	$70K	$92K	10x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX STRC-USDlong	+0.0001%	1h	98.910	long leg	$1.3M	$869K	10x
Injective STRC/USDC PERP	+0.0033%	1h	98.950	+0.040%	$3K	$34K	12x	as long as short
KuCoin STRCUSDTM	+0.0100%	8h	98.740	−0.172%	$315K	$1.0M	20x	as long as short
HTX STRC-USDT	+0.0100%	8h	98.800	−0.111%	$52K	$363K	10x	as long as short