Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.049%

Price spread now: Hyperliquid against Bitget+0.043%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$630.628% of the position

Long on Bitget Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.321%+$32 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.043%, 7d avg +0.131%

Together, before fees+0.302%+ Points / potential airdropHyperliquid: Season 2 · farm board+$30 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 0.088% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STRKUSDT	0.04419	0.0100	pay 0.0050% / 4h	2h 42m	$3.1M	$4.1M	75x
Short	Hyperliquid STRK	0.04421	0.0100	get 0.0013% / 1h	42m 20s	$15.2M	$7.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bitget. 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 BitgetbpFee HyperliquidbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.131%: −$8.82
Slippage, 4 orders: −$41.84
Fee Bitget: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$71.66
Costs to cover: 0.628%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago	4.65 bp	21.6 bp −$22	30.9 bp −$309	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.14 bp	11.7 bp −$12	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	−0.0352%	1h	0.04374	−1.021%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04412	−0.159%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.729%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0093%	4h	0.04415	−0.093%	$781K	$724K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04413	−0.141%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04421	+0.043%	$15.2M	$7.3M	5x
Aster STRKUSDT	+0.0100%	4h	0.04416	−0.079%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04413	−0.147%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04418	−0.034%	$12.7M	$50.4M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04412	−0.161%	$15.5M	$21.1M	50x	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	0.04414	−0.115%	$4.9M	$23.9M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04419	−0.002%	$595K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04418	−0.025%	$11.7M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04417	−0.048%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDTlong	+0.0100%	4h	0.04419	long leg	$3.1M	$4.1M	75x
BingX STRK-USDT	+0.0100%	4h	0.04415	−0.093%	—	$30.2M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04412	−0.161%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04391	−0.647%	$264K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04397	−0.500%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04521	+2.306%	$1K	$811K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04414	−0.112%	$122K	$626K	10x	as long as short
Lighter STRK	+0.0160%	1h	0.04429	+0.224%	$273K	$541K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0202%	1h	0.04422	+0.066%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.0336%	1h	0.04428	+0.194%	$471K	$495K	20x	as long as short