Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX−0.138%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1101.101% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.138%, 7d avg −0.027%

Together, before fees−0.077%−$8 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: Gate is 0.111% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STRK-USDC	0.04351	0.0100	pay 0.0050% / 4h	1h 21m	—	$728K	—
Short	Gate STRK_USDT	0.04345	0.0100	get 0.0050% / 4h	1h 21m	$586K	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.138%Rate

Funding earned: $0
Price spread: −0.138% → −0.027%: −$11.07
Slippage, 4 orders: −$85.13
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$121.2
Costs to cover: 1.101%
Break-even: never at this rate

Slippage from BingX: live order book, 38 min ago; Gate: live order book, 1 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 BingX live order book, 38 min ago	2.32 bp	17.7 bp −$18	33.6 bp −$336	236.8 bp −$23.7K	660.6 bp −$330.3K
Sell Gate live order book, 1 min ago	3.46 bp	29.8 bp −$30	489.2 bp −$4,892	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	0.04350	−0.023%	$76K	$100K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0367%	1h	0.04351	−0.003%	$458K	$531K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04352	+0.014%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.525%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04359	+0.184%	$266K	$505K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04351	+0.006%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04353	+0.046%	$14.7M	$6.9M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04349	−0.041%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04353	+0.044%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04352	+0.015%	$12.5M	$45.8M	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	0.04347	−0.092%	$15.3M	$20.6M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04350	−0.023%	$4.7M	$20.8M	50x	as long as short
Gate STRK_USDTshort	+0.0100%	4h	0.04345	−0.138%	$586K	$1.3M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04351	0.000%	$12.2M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04351	0.000%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04349	−0.053%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDClong	+0.0100%	4h	0.04351	long leg	—	$728K	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04350	−0.023%	$25K	$137K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04317	−0.790%	$417K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04325	−0.598%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04446	+2.183%	$2K	$833K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04347	−0.083%	$122K	$665K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04346	−0.115%	$757K	$844K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0900%	1h	0.04354	+0.069%	$8K	$44K	25x	as long as short