Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−0.200%7-day average +0.043% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.171%+$17 · spread now −0.200%, 7d avg +0.043%

Together, before fees+0.171%+ Points / potential airdropVariational Omni: Active · farm board+$17 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: Variational Omni is 0.244% cheaper against Bybit than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STRKUSDT	0.04427	0.0100	pay 0.0050% / 4h	1h 55m	$15.7M	$21.4M	50x
Short	Variational Omni STRK	0.04418	0.0100	get 0.0050% / 4h	1h 55m	$359K	$1.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.200%Rate

Funding earned: $0
Price spread: −0.200% → +0.043%: −$24.39
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$35.39
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. 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	1.14 bp	16.3 bp −$16	46.3 bp −$463	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	5.69 bp	doesn't fit	42.1 bp −$421	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	−0.0592%	1h	0.04397	−0.678%	$63K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04430	+0.060%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.525%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04428	+0.027%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04435	+0.181%	$15.2M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04431	+0.083%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04430	+0.075%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04431	+0.096%	$12.8M	$50.2M	75x	as long as short
Bybit STRKUSDTlong	+0.0100%	4h	0.04427	long leg	$15.7M	$21.4M	50x
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04428	+0.023%	$4.9M	$23.8M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04430	+0.068%	$593K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04430	+0.068%	$12.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04428	+0.023%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04431	+0.086%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04430	+0.068%	—	$723K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04423	−0.090%	$25K	$152K	10x	as long as short
Variational Omni STRKshort	+0.0100%	4h	0.04418	−0.200%	$359K	$1.9M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04417	−0.226%	$191K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04534	+2.417%	$1K	$822K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04428	+0.018%	$122K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0120%	4h	0.04432	+0.113%	$764K	$733K	75x	as long as short
Lighter STRK	+0.0560%	1h	0.04439	+0.271%	$274K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0653%	1h	0.04435	+0.181%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.1156%	1h	0.04438	+0.252%	$472K	$490K	20x	as long as short