Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Bybit+0.098%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.098% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STRKUSDT	0.04280	0.0100	pay 0.0050% / 4h	3h 10m	$15.1M	$20.0M	50x
Short	Paradex STRK-USD-PERP	0.04284	0.0100	get 0.0100% / 8h	3h 10m	$8K	$144	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → 0.000%: $9.85
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.16
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Paradex: 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	17.2 bp −$17	61.0 bp −$610	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.1032%	1h	0.04278	−0.047%	$70K	$100K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04291	+0.261%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.458%	$3K	$38K	5.5x	as long as short
Kraken Futures PF_STRKUSD	+0.0060%	1h	0.04288	+0.193%	$451K	$573K	20x	as long as short
Lighter STRK	+0.0096%	1h	0.04292	+0.280%	$262K	$465K	5x	as long as short
Paradex STRK-USD-PERPshort	+0.0100%	8h	0.04284	+0.098%	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04287	+0.164%	$14.4M	$6.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04287	+0.165%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04289	+0.210%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04283	+0.070%	$12.3M	$44.5M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDTlong	+0.0100%	4h	0.04280	long leg	$15.1M	$20.0M	50x
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04282	+0.047%	$4.7M	$19.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04282	+0.047%	$564K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04284	+0.093%	$12.0M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04286	+0.140%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04281	+0.035%	$3.0M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04284	+0.093%	—	$726K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04290	+0.234%	$30K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04288	+0.180%	$427K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04304	+0.551%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04388	+2.523%	$2K	$848K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04281	+0.031%	$119K	$501K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0217%	1h	0.04286	+0.140%	$8K	$43K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04292	+0.280%	$727K	$772K	75x	as long as short