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: Variational Omni against BingX+0.180%7-day average −0.008% · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.248%−$25 · spread now +0.180%, 7d avg −0.008%

Together, before fees−0.248%+ Points / potential airdropVariational Omni: Active · farm board−$25 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: Variational Omni is 0.187% dearer against BingX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STRK-USDT	0.04352	0.0100	pay 0.0050% / 4h	3h 46m	—	$26.3M	—
Short	Variational Omni STRK	0.04360	0.0100	get 0.0050% / 4h	3h 46m	$352K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.180%Rate

Funding earned: $0
Price spread: +0.180% → −0.008%: $18.75
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.75
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 2 min ago	3.45 bp	10.6 bp −$11	29.3 bp −$293	415.2 bp −$41.5K	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	4.59 bp	doesn't fit	45.9 bp −$459	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	−0.230%	$62K	$95K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0401%	1h	0.04356	+0.083%	$464K	$517K	20x	as long as short
Bybit STRKUSDT	−0.0302%	4h	0.04349	−0.069%	$15.3M	$21.5M	50x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04355	+0.061%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.498%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04353	+0.013%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04355	+0.069%	$14.8M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04357	+0.107%	$33K	$346K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04357	+0.108%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04354	+0.040%	$12.4M	$49.2M	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	0.04352	0.000%	$4.8M	$22.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04354	+0.046%	$581K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04354	+0.046%	$12.4M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04357	+0.115%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04354	+0.051%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDTlong	+0.0100%	4h	0.04352	long leg	—	$26.3M	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04355	+0.069%	$24K	$148K	10x	as long as short
Variational Omni STRKshort	+0.0100%	4h	0.04360	+0.180%	$352K	$2.0M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04364	+0.276%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04455	+2.367%	$1K	$838K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04354	+0.037%	$121K	$714K	10x	as long as short
BloFin STRK-USDT	+0.0113%	4h	0.04353	+0.023%	$745K	$723K	75x	as long as short
Lighter STRK	+0.0200%	1h	0.04365	+0.299%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0898%	1h	0.04362	+0.230%	$8K	$44K	25x	as long as short