Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.085%

Price spread now: Lighter against Aster+0.191%7-day average +0.117% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1231.232% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.408%+$41 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.191%, 7d avg +0.117%

Together, before fees+0.227%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.074% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster STRKUSDT	0.04406	0.0100	pay 0.0050% / 4h	2h 14m	$35K	$374K	10x
Short	Lighter STRK	0.04414	0.0264	get 0.0033% / 1h	14m 51s	$272K	$541K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.191%Rate

Funding earned: $34.44
Price spread: +0.191% → +0.117%: $7.41
Slippage, 4 orders: −$115.22
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$81.37
Costs to cover: 1.232%
Break-even: 23.5 days

Slippage from Aster: live order book, 7 min ago; Lighter: live order book, 69 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, 7 min ago	14.69 bp	53.9 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 69 min ago	13.41 bp	18.6 bp −$19	68.7 bp −$687	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	−0.0352%	1h	0.04400	−0.126%	$63K	$91K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04405	−0.018%	$21K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04407	+0.033%	$8K	$24K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.082%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04402	−0.082%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04407	+0.033%	$15.1M	$7.2M	5x	as long as short
Aster STRKUSDTlong	+0.0100%	4h	0.04406	long leg	$35K	$374K	10x
Pacifica STRK	+0.0100%	1h	0.04405	−0.022%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04397	−0.194%	$12.7M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04394	−0.263%	$15.6M	$21.1M	50x	as long as short

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	0.04397	−0.194%	$4.9M	$23.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04407	+0.033%	$591K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04404	−0.036%	$11.6M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04401	−0.104%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04400	−0.129%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04396	−0.217%	—	$25.9M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04402	−0.081%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04401	−0.108%	$359K	$1.7M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04407	+0.033%	$190K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04505	+2.257%	$2K	$816K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04399	−0.152%	$122K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0123%	4h	0.04401	−0.104%	$785K	$726K	75x	as long as short
Lighter STRKshort	+0.0264%	1h	0.04414	+0.191%	$272K	$541K	5x
Kraken Futures PF_STRKUSD	+0.0337%	1h	0.04413	+0.164%	$469K	$491K	20x	as long as short