Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0660%/8h= −72.3% APRpaid last 24h −0.319%

Price spread now: Coinbase International against Bybit−1.064%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−1.071%−$107 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Coinbase International is 1.064% cheaper against Bybit than usual: you would sell low and buy high (−$106 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STRKUSDT	0.04323	0.0100	pay 0.0050% / 4h	2h 30m	$15.0M	$21.1M	50x
Short	Coinbase International STRK-PERP-INTX	0.04277	−0.0560	pay 0.0070% / 1h	30m 36s	$60K	$88K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now −1.064%Rate

Funding earned: −$138.6
Price spread: −1.064% → 0.000%: −$106.41
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$266.01
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Coinbase International: 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 Bybit live order book, 3 min ago	1.16 bp	14.5 bp −$14	50.8 bp −$508	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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 23 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-INTXshort	−0.0560%	1h	0.04277	−1.064%	$60K	$88K	25x
Kraken Futures PF_STRKUSD	−0.0305%	1h	0.04329	+0.145%	$455K	$539K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04329	+0.146%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.280%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04325	+0.044%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04332	+0.208%	$14.7M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04329	+0.145%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04329	+0.136%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04328	+0.109%	$12.3M	$47.7M	75x	as long as short
Bybit STRKUSDTlong	+0.0100%	4h	0.04323	long leg	$15.0M	$21.1M	50x

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04329	+0.139%	$4.7M	$21.9M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04326	+0.069%	$589K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04326	+0.069%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04328	+0.116%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04329	+0.132%	$3.1M	$3.9M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04325	+0.046%	—	$26.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04327	+0.093%	$23K	$146K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04322	−0.027%	$332K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04318	−0.116%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04433	+2.545%	$2K	$842K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04328	+0.124%	$121K	$661K	10x	as long as short
Lighter STRK	+0.0240%	1h	0.04338	+0.347%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0674%	1h	0.04333	+0.231%	$8K	$44K	25x	as long as short