Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.095%

Price spread now: Lighter against BingX+0.230%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$730.732% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.389%+$39 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.230%, 7d avg +0.081%

Together, before fees+0.186%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.149% dearer against BingX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STRK-USDC	0.04346	0.0100	pay 0.0050% / 4h	3h 41m	—	$727K	—
Short	Lighter STRK	0.04356	0.0192	get 0.0024% / 1h	41m 28s	$265K	$506K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.230%Rate

Funding earned: $19.32
Price spread: +0.230% → +0.081%: $14.94
Slippage, 4 orders: −$63.23
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$38.96
Costs to cover: 0.732%
Break-even: 21.1 days

Slippage from BingX: live order book, 47 min ago; Lighter: live order book, 24 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, 47 min ago	2.28 bp	17.5 bp −$17	34.1 bp −$341	238.2 bp −$23.8K	641.0 bp −$320.5K
Sell Lighter live order book, 24 min ago	9.13 bp	20.0 bp −$20	69.9 bp −$699	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	−0.0576%	1h	0.04342	−0.092%	$62K	$95K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0401%	1h	0.04347	+0.026%	$464K	$517K	20x	as long as short
Bybit STRKUSDT	−0.0034%	4h	0.04342	−0.092%	$15.2M	$21.5M	50x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04346	+0.005%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.659%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04345	−0.028%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04350	+0.092%	$14.8M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04349	+0.066%	$33K	$346K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04347	+0.030%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04347	+0.023%	$12.4M	$49.1M	75x	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	0.04346	0.000%	$4.8M	$22.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04346	0.000%	$580K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04347	+0.023%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04349	+0.069%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04346	−0.005%	$3.0M	$4.0M	75x	as long as short
BingX STRK-USDClong	+0.0100%	4h	0.04346	long leg	—	$727K	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04346	0.000%	$24K	$147K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04348	+0.042%	$351K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04351	+0.115%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04449	+2.370%	$1K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04345	−0.032%	$124K	$779K	10x	as long as short
BloFin STRK-USDT	+0.0150%	4h	0.04350	+0.092%	$747K	$719K	75x	as long as short
Lighter STRKshort	+0.0192%	1h	0.04356	+0.230%	$265K	$506K	5x
Deribit STRK_USDC-PERPETUAL	+0.0900%	1h	0.04353	+0.161%	$8K	$44K	25x	as long as short