Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h −0.043%

Price spread now: Injective against BloFin+16.045%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 16.045% dearer against BloFin than usual: you sell high and buy low (spread +16.045% now, against zero (this spread has no 7-day history yet)): +$1,604 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin STRK-USDT	0.04369	0.0091	pay 0.0046% / 4h	4m 29s	$747K	$727K	75x
Short	Injective STRK/USDC PERP	0.05070	0.0033	get 0.0004% / 1h	4m 29s	$3K	$38K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +16.045%Rate

Funding earned: −$12.15
Price spread: +16.045% → 0.000%: $1,604.49
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,580.32
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 7 min ago; Injective: no order-book sample. 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 BloFin live order book, 7 min ago	1.14 bp	17.3 bp −$17	35.4 bp −$354	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0584%	1h	0.04342	−0.618%	$62K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04370	+0.031%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERPshort	+0.0033%	1h	0.05070	+16.045%	$3K	$38K	5.5x
BloFin STRK-USDTlong	+0.0091%	4h	0.04369	long leg	$747K	$727K	75x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04372	+0.071%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04376	+0.160%	$14.9M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04374	+0.122%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04374	+0.121%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04375	+0.139%	$12.5M	$49.4M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04370	+0.023%	$15.3M	$21.5M	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	0.04373	+0.092%	$4.9M	$23.0M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04365	−0.092%	$583K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04374	+0.114%	$12.5M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04371	+0.046%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04373	+0.087%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04371	+0.046%	—	$26.4M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04368	−0.023%	$25K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04363	−0.139%	$352K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04371	+0.046%	$190K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04470	+2.312%	$2K	$835K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04373	+0.093%	$121K	$625K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0436%	1h	0.04373	+0.092%	$8K	$44K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.0506%	1h	0.04369	+0.010%	$467K	$515K	20x	as long as short
Lighter STRK	+0.0664%	1h	0.04383	+0.320%	$271K	$507K	5x	as long as short