Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0612%/8h= +67.0% APRpaid last 24h +0.090%

Price spread now: Lighter against Binance+0.257%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$670.675% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.392%+$39 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.257%, 7d avg +0.100%

Together, before fees+0.323%+ Points / potential airdropLighter: Season 3 · farm board+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Lighter is 0.157% dearer against Binance than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.100%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.392% in total (about 20.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STRKUSDT	0.04398	0.0100	pay 0.0050% / 4h	29m 18s	$12.6M	$49.6M	75x
Short	Lighter STRK	0.04409	0.0712	get 0.0089% / 1h	29m 18s	$272K	$506K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.257%Rate

Funding earned: $128.52
Price spread: +0.257% → +0.100%: $15.71
Slippage, 4 orders: −$57.48
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $76.75
Costs to cover: 0.675%
Break-even: 2.8 days

Slippage from Binance: live order book, 13 min ago; Lighter: live order book, 41 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, 13 min ago	1.14 bp	12.8 bp −$13	35.3 bp −$353	doesn't fit	doesn't fit
Sell Lighter live order book, 41 min ago	12.54 bp	18.5 bp −$18	65.1 bp −$651	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	−0.0584%	1h	0.04383	−0.334%	$62K	$96K	25x	as long as short
dYdX STRK-USD	+0.0001%	1h	0.04400	+0.059%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.288%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0098%	4h	0.04396	−0.038%	$744K	$729K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04396	−0.038%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04403	+0.121%	$15.0M	$7.5M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04399	+0.026%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04399	+0.021%	$44K	$69K	5x	as long as short
Binance STRKUSDTlong	+0.0100%	4h	0.04398	long leg	$12.6M	$49.6M	75x
Bybit STRKUSDT	+0.0100%	4h	0.04396	−0.038%	$15.6M	$21.4M	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	0.04398	+0.007%	$4.9M	$23.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04396	−0.038%	$588K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04398	+0.007%	$12.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04397	−0.016%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04396	−0.050%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04397	−0.016%	—	$721K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04393	−0.107%	$355K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04395	−0.061%	$193K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04500	+2.327%	$2K	$835K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04396	−0.034%	$122K	$625K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0106%	1h	0.04397	−0.016%	$25K	$148K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0503%	1h	0.04399	+0.041%	$471K	$512K	20x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0659%	1h	0.04403	+0.121%	$2K	$34K	25x	as long as short
Lighter STRKshort	+0.0712%	1h	0.04409	+0.257%	$272K	$506K	5x