Settings8H · net · $10k
Funding arb · Price arb /

STRK

all STRK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.054%
Price spread now: Hyperliquid against Bybit+0.202%7-day average +0.202% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$630.629% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.332%+$33 on $10k
Price spread, last 7 days−0.028%−$3 · spread now +0.202%, 7d avg +0.202%
Together, before fees+0.304%+ Points / potential airdropHyperliquid: Season 2 · farm board+$30 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit STRKUSDT0.044600.0100pay 0.0050% / 4h3h 29m$15.6M$21.1M50x
ShortHyperliquid STRK0.044690.0100get 0.0013% / 1h29m 51s$15.5M$7.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.202% → +0.202%
$0
Slippage, 4 orders
−$42.94
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$62.93
Costs to cover
0.629%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago1.12 bp16.3 bp −$1647.8 bp −$478doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago1.12 bp13.4 bp −$13doesn't fitdoesn't fitdoesn't fit

STRK on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International STRK-PERP-INTX−0.0304%1h0.04426−0.762%$65K$90K25xas long as short
Kraken Futures PF_STRKUSD−0.0232%1h0.04474+0.307%$477K$505K20xas long as short
dYdX STRK-USD0.0000%1h0.04471+0.247%$21K$24K5xas long as short
Injective STRK/USDC PERP+0.0033%1h0.05070+13.677%$3K$38K5.5xas long as short
BloFin STRK-USDT+0.0086%4h0.04466+0.135%$781K$742K75xas long as short
Paradex STRK-USD-PERP+0.0100%8h0.04472+0.264%$8K$14420xas long as short
Hyperliquid STRKshort+0.0100%1h0.04469+0.202%$15.5M$7.7M5x
Aster STRKUSDT+0.0100%4h0.04470+0.221%$36K$387K10xas long as short
Pacifica STRK+0.0100%1h0.04471+0.247%$43K$49K5xas long as short
Binance STRKUSDT+0.0100%4h0.04463+0.071%$12.9M$51.6M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit STRKUSDTlong+0.0100%4h0.04460long leg$15.6M$21.1M50x
OKX STRK-USDT-SWAP+0.0100%4h0.04461+0.022%$4.9M$25.0M50xas long as short
Gate STRK_USDT+0.0100%4h0.04467+0.157%$604K$1.6M50xas long as short
MEXC STRK_USDT+0.0100%4h0.04465+0.112%$11.9M$2.2M100xas long as short
KuCoin STRKUSDTM+0.0100%4h0.04466+0.135%$1.5M$2.0M50xas long as short
Bitget STRKUSDT+0.0100%4h0.04468+0.179%$3.1M$4.1M75xas long as short
BingX STRK-USDC+0.0100%4h0.04463+0.067%$724Kas long as short
Backpack STRK_USDC_PERP+0.0100%1h0.04466+0.135%$25K$158K10xas long as short
Variational Omni STRK+0.0100%4h0.04457−0.058%$263K$1.4Mas long as short
GRVT STRK_USDT_Perp+0.0100%4h0.04465+0.106%$194K$3.4M10xas long as short
SunX STRK-USDT+0.0100%4h0.04570+2.466%$2K$805K20xas long as short
Extended STRK-USD+0.0104%1h0.04462+0.035%$123K$636K10xas long as short
Lighter STRK+0.0280%1h0.04479+0.426%$276K$606K5xas long as short
Deribit STRK_USDC-PERPETUAL+0.0421%1h0.04475+0.336%$9K$34K25xas long as short