Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.020%

Price spread now: Hyperliquid against BloFin+0.070%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$640.641% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 4 days (all we have)−2.353%−$235 · spread now +0.070%, 7d avg +0.067%

Together, before fees−2.093%+ Points / potential airdropHyperliquid: Season 2 · farm board−$209 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.067%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.260%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin STRK-USDT	0.04313	0.0340	pay 0.0170% / 4h	3h 33m	$735K	$775K	75x
Short	Hyperliquid STRK	0.04316	0.0100	get 0.0013% / 1h	33m 23s	$14.5M	$6.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$50.4
Price spread: +0.070% → +0.067%: $0.25
Slippage, 4 orders: −$43.07
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$114.22
Costs to cover: 0.641%
Break-even: never at this rate

Slippage from BloFin: live order book, 63 min ago; Hyperliquid: live order book, 9 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 BloFin live order book, 63 min ago	6.98 bp	16.0 bp −$16	37.8 bp −$378	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	3.47 bp	14.6 bp −$15	33.4 bp −$334	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	−0.1032%	1h	0.04289	−0.556%	$75K	$98K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04308	−0.122%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.552%	$3K	$38K	5.5x	as long as short
Kraken Futures PF_STRKUSD	+0.0059%	1h	0.04314	+0.026%	$454K	$570K	20x	as long as short
Lighter STRK	+0.0096%	1h	0.04321	+0.185%	$264K	$464K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04307	−0.142%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04316	+0.070%	$14.5M	$6.3M	5x
Aster STRKUSDT	+0.0100%	4h	0.04312	−0.024%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04310	−0.070%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04313	−0.008%	$12.3M	$44.7M	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	0.04309	−0.093%	$15.2M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04312	−0.023%	$4.7M	$19.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04313	0.000%	$569K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04315	+0.046%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04312	−0.023%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04314	+0.021%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04310	−0.070%	—	$9.2M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04305	−0.185%	$30K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04298	−0.354%	$427K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04308	−0.116%	$190K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04414	+2.342%	$1K	$847K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04309	−0.086%	$119K	$658K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0214%	1h	0.04316	+0.070%	$8K	$44K	25x	as long as short
BloFin STRK-USDTlong	+0.0340%	4h	0.04313	long leg	$735K	$775K	75x