Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.177%

Price spread now: Bitget against Deribit−0.091%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.091% cheaper against Deribit than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit STRK_USDC-PERPETUAL	0.04392	0	get 0.0000% / 1h	12m 42s	$8K	$24K	25x
Short	Bitget STRKUSDT	0.04388	0.0100	get 0.0050% / 4h	2h 12m	$3.1M	$4.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now −0.091%Rate

Funding earned: $21
Price spread: −0.091% → 0.000%: −$9.11
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$7.11
Costs to cover: 0.190%
Break-even: 9.4 days

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 5 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 Deribit no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	2.84 bp	20.8 bp −$21	33.1 bp −$331	doesn't fit	doesn't fit

Deribit: 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	−0.0352%	1h	0.04386	−0.137%	$63K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04389	−0.075%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUALlong	0.0000%	1h	0.04392	long leg	$8K	$24K	25x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.437%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04390	−0.055%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04390	−0.046%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04389	−0.077%	$35K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04388	−0.093%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04382	−0.239%	$12.7M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04380	−0.273%	$15.4M	$21.3M	50x	as long as short

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	0.04380	−0.273%	$4.9M	$23.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04386	−0.137%	$588K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04383	−0.205%	$11.6M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04386	−0.137%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDTshort	+0.0100%	4h	0.04388	−0.091%	$3.1M	$4.1M	75x
BingX STRK-USDC	+0.0100%	4h	0.04385	−0.159%	—	$723K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04386	−0.137%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04401	+0.200%	$359K	$1.7M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04407	+0.342%	$190K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04491	+2.254%	$2K	$818K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04383	−0.213%	$121K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0158%	4h	0.04386	−0.137%	$550K	$725K	75x	as long as short
Lighter STRK	+0.0248%	1h	0.04397	+0.114%	$271K	$542K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0338%	1h	0.04397	+0.111%	$468K	$491K	20x	as long as short