Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.036%

Price spread now: Hyperliquid against Binance+0.069%7-day average +0.160% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$530.526% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.330%+$33 on $10k

Price spread, last 7 days+0.090%+$9 · spread now +0.069%, 7d avg +0.160%

Together, before fees+0.419%+ Points / potential airdropHyperliquid: Season 2 · farm board+$42 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: Hyperliquid is 0.091% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.160%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STRKUSDT	0.04340	0.0100	pay 0.0050% / 4h	2h 12m	$12.4M	$47.1M	75x
Short	Hyperliquid STRK	0.04343	0.0100	get 0.0013% / 1h	12m 03s	$14.7M	$7.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → +0.160%: −$9.05
Slippage, 4 orders: −$33.65
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$61.7
Costs to cover: 0.526%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Hyperliquid: live order book, 11 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 Binance live order book, 15 min ago	1.15 bp	13.9 bp −$14	36.3 bp −$363	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	3.45 bp	9.0 bp −$9	33.0 bp −$330	doesn't fit	doesn't fit

STRK on 23 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	0.04277	−1.452%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0305%	1h	0.04338	−0.046%	$455K	$535K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04338	−0.044%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.820%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04334	−0.128%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04343	+0.069%	$14.7M	$7.1M	5x
Aster STRKUSDT	+0.0100%	4h	0.04339	−0.014%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04337	−0.062%	$43K	$69K	5x	as long as short
Binance STRKUSDTlong	+0.0100%	4h	0.04340	long leg	$12.4M	$47.1M	75x
Bybit STRKUSDT	+0.0100%	4h	0.04337	−0.069%	$15.0M	$21.0M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04342	+0.046%	$4.7M	$21.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04335	−0.115%	$589K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04340	0.000%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04338	−0.046%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04339	−0.028%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04337	−0.069%	—	$729K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04339	−0.023%	$24K	$146K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04334	−0.134%	$333K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04341	+0.032%	$186K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04439	+2.281%	$1K	$840K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04337	−0.064%	$121K	$660K	10x	as long as short
Lighter STRK	+0.0216%	1h	0.04348	+0.184%	$265K	$507K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0441%	1h	0.04342	+0.046%	$8K	$44K	25x	as long as short