Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Hyperliquid against BingX+0.047%7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.320%+$32 on $10k

Price spread, last 7 days+0.072%+$7 · spread now +0.047%, 7d avg +0.149%

Together, before fees+0.392%+ Points / potential airdropHyperliquid: Season 2 · farm board+$39 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 0.102% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STRK-USDT	0.04246	0.0100	pay 0.0050% / 4h	2h 32m	—	$10.1M	—
Short	Hyperliquid STRK	0.04248	0.0100	get 0.0013% / 1h	32m 42s	$14.1M	$6.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.149%: −$10.24
Slippage, 4 orders: −$37.27
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$66.51
Costs to cover: 0.563%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Hyperliquid: live order book, 10 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, 5 min ago	3.53 bp	14.5 bp −$14	35.6 bp −$356	412.8 bp −$41.3K	782.6 bp −$391.3K
Sell Hyperliquid live order book, 10 min ago	1.18 bp	13.4 bp −$13	doesn't fit	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	−0.0904%	1h	0.04225	−0.495%	$69K	$99K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0192%	1h	0.04248	+0.046%	$444K	$583K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04249	+0.067%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04249	+0.071%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.407%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04254	+0.188%	$254K	$443K	5x	as long as short
Paradex STRK-USD-PERP	+0.0099%	8h	0.04246	0.000%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04248	+0.047%	$14.1M	$6.4M	5x
Aster STRKUSDT	+0.0100%	4h	0.04245	−0.028%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04251	+0.115%	$42K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04246	0.000%	$11.9M	$44.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04245	−0.024%	$14.8M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04249	+0.071%	$4.6M	$19.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04244	−0.047%	$560K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04245	−0.024%	$11.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04246	0.000%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04246	−0.007%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDTlong	+0.0100%	4h	0.04246	long leg	—	$10.1M	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04246	0.000%	$26K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04267	+0.491%	$419K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04264	+0.423%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04348	+2.402%	$2K	$866K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04244	−0.049%	$121K	$471K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04243	−0.071%	$686K	$760K	75x	as long as short