STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.075%

Price spread now: Lighter against Backpack+0.160%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.160%, 7d avg +0.083%

Together, before fees−0.246%+ Points / potential airdropLighter: Season 3 · farm board−$25 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: Lighter is 0.078% dearer against Backpack than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack STRK_USDC_PERP	0.04363	0.0100	pay 0.0013% / 1h	18m 25s	$25K	$137K	10x
Short	Lighter STRK	0.04370	0.0096	get 0.0012% / 1h	18m 25s	$267K	$505K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$0.84
Price spread: +0.160% → +0.083%: $7.79
Slippage, 4 orders: −$64.18
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$67.22
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from Backpack: live order book, 45 min ago; Lighter: live order book, 37 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 Backpack live order book, 45 min ago	2.31 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 37 min ago	11.56 bp	14.0 bp −$14	70.1 bp −$701	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	−0.0952%	1h	0.04363	0.000%	$76K	$100K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0365%	1h	0.04368	+0.125%	$459K	$532K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04360	−0.067%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.204%	$3K	$38K	5.5x	as long as short
Lighter STRKshort	+0.0096%	1h	0.04370	+0.160%	$267K	$505K	5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04358	−0.104%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04363	0.000%	$14.7M	$6.9M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04362	−0.031%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04361	−0.041%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04367	+0.085%	$12.5M	$45.9M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04364	+0.023%	$15.3M	$20.6M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04366	+0.069%	$4.7M	$20.9M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04367	+0.092%	$589K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04367	+0.092%	$12.3M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04361	−0.046%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04364	+0.011%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04364	+0.023%	—	$727K	—	as long as short
Backpack STRK_USDC_PERPlong	+0.0100%	1h	0.04363	long leg	$25K	$137K	10x
Variational Omni STRK	+0.0100%	4h	0.04341	−0.500%	$420K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04325	−0.872%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04467	+2.384%	$2K	$835K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04365	+0.054%	$122K	$665K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04365	+0.046%	$761K	$848K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0895%	1h	0.04371	+0.183%	$8K	$44K	25x	as long as short