Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0574%/8h= +62.9% APRpaid last 24h +0.170%

Price spread now: Deribit against BingX+0.139%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Deribit is 0.139% dearer against BingX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STRK-USDC	0.04327	0.0100	pay 0.0050% / 4h	2h 31m	—	$729K	—
Short	Deribit STRK_USDC-PERPETUAL	0.04333	0.0674	get 0.0084% / 1h	31m 15s	$8K	$44K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now +0.139%Rate

Funding earned: $120.54
Price spread: +0.139% → 0.000%: $13.87
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $117.41
Costs to cover: 0.170%
Break-even: 0.2 days

Slippage unknown: BingX: live order book, 42 min ago; Deribit: no order-book sample. Net counts fees only.

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 BingX live order book, 42 min ago	2.31 bp	17.5 bp −$17	39.0 bp −$390	267.3 bp −$26.7K	658.1 bp −$329.0K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−1.156%	$60K	$88K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0305%	1h	0.04329	+0.053%	$455K	$539K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04329	+0.053%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.171%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04324	−0.076%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04331	+0.092%	$14.7M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04329	+0.054%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04329	+0.049%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04327	−0.010%	$12.3M	$47.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04323	−0.092%	$15.0M	$21.2M	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	0.04329	+0.046%	$4.7M	$21.9M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04327	0.000%	$589K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04328	+0.023%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04329	+0.046%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04328	+0.028%	$3.1M	$3.9M	75x	as long as short
BingX STRK-USDClong	+0.0100%	4h	0.04327	long leg	—	$729K	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04331	+0.092%	$23K	$146K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04322	−0.119%	$332K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04318	−0.208%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04433	+2.450%	$2K	$842K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04329	+0.043%	$121K	$661K	10x	as long as short
Lighter STRK	+0.0240%	1h	0.04337	+0.231%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUALshort	+0.0674%	1h	0.04333	+0.139%	$8K	$44K	25x