Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Aster−0.068%7-day average −0.048% · 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−$115as in the Price arb table

costs, in and out, $10k−$1131.133% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.165%−$16 · spread now −0.068%, 7d avg −0.048%

Together, before fees−0.141%+ Points / potential airdropAster: Stage 5 · farm board−$14 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: Bybit is 0.020% cheaper against Aster than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster STRKUSDT	0.04317	0.0100	pay 0.0050% / 4h	2h 51m	$33K	$328K	10x
Short	Bybit STRKUSDT	0.04314	0.0100	get 0.0050% / 4h	2h 51m	$15.0M	$21.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. 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 AsterbpFee BybitbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.048%: −$2
Slippage, 4 orders: −$94.27
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$115.28
Costs to cover: 1.133%
Break-even: never at this rate

Slippage from Aster: live order book, 16 min ago; Bybit: 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 Aster live order book, 16 min ago	16.07 bp	47.4 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.32 bp	20.2 bp −$20	55.3 bp −$553	doesn't fit	doesn't fit

STRK on 24 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
Coinbase International STRK-PERP-INTX	−0.0560%	1h	0.04294	−0.531%	$60K	$92K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0306%	1h	0.04317	+0.012%	$457K	$534K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04318	+0.017%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.445%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04314	−0.070%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04321	+0.095%	$14.6M	$7.2M	5x	as long as short
Aster STRKUSDTlong	+0.0100%	4h	0.04317	long leg	$33K	$328K	10x
Pacifica STRK	+0.0100%	1h	0.04317	+0.004%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04318	+0.033%	$12.3M	$48.7M	75x	as long as short
Bybit STRKUSDTshort	+0.0100%	4h	0.04314	−0.068%	$15.0M	$21.5M	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04318	+0.025%	$4.7M	$22.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04316	−0.021%	$578K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04316	−0.021%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04316	−0.021%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04315	−0.033%	$3.0M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04314	−0.068%	—	$726K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04315	−0.044%	$23K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04311	−0.141%	$351K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04315	−0.035%	$186K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04419	+2.365%	$1K	$848K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04314	−0.068%	$119K	$659K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04313	−0.091%	$743K	$822K	75x	as long as short
Lighter STRK	+0.0448%	1h	0.04327	+0.234%	$264K	$504K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0908%	1h	0.04322	+0.118%	$8K	$44K	25x	as long as short