Funding arb · Price arb /

STRK

all STRK markets

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 −0.020%

Price spread now: GRVT against Bybit+0.093%100s7-day average +0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.993% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.093%, 7d avg +0.125%

Together, before fees−0.070%+ Points / potential airdropGRVT: Active · farm board−$7 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: GRVT is 0.031% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.125%. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STRKUSDT	0.04305	0.0100	pay 0.0050% / 4h	2h 53m	$15.0M	$21.5M	50x
Short	GRVT STRK_USDT_Perp	0.04309	0.0100	get 0.0050% / 4h	2h 53m	$192K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → +0.125%: −$3.12
Slippage, 4 orders: −$79.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$102.44
Costs to cover: 0.993%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; GRVT: live order book, 5 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 Bybit live order book, 5 min ago	2.32 bp	17.4 bp −$17	50.5 bp −$505	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	15.09 bp	35.5 bp −$36	65.0 bp −$650	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	−0.0560%	1h	0.04294	−0.256%	$60K	$92K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0307%	1h	0.04302	−0.058%	$456K	$529K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04296	−0.202%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.770%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04289	−0.381%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04312	+0.163%	$14.6M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04301	−0.087%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04295	−0.223%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04309	+0.084%	$12.3M	$48.7M	75x	as long as short
Bybit STRKUSDTlong	+0.0100%	4h	0.04305	long leg	$15.0M	$21.5M	50x

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	0.04308	+0.070%	$4.7M	$22.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04296	−0.209%	$576K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04303	−0.046%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04304	−0.023%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04305	+0.002%	$3.0M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04305	0.000%	—	$727K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04299	−0.139%	$23K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04301	−0.097%	$349K	$2.0M	—	as long as short
GRVT STRK_USDT_Perpshort	+0.0100%	4h	0.04309	+0.093%	$192K	$3.6M	10x
SunX STRK-USDT	+0.0100%	4h	0.04392	+2.021%	$1K	$847K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04304	−0.012%	$119K	$663K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04306	+0.023%	$743K	$820K	75x	as long as short
Lighter STRK	+0.0392%	1h	0.04317	+0.279%	$263K	$504K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0913%	1h	0.04304	−0.023%	$8K	$44K	25x	as long as short