Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.144%

Price spread now: Gate against Deribit−0.094%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 Gate

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. Gate is 0.094% cheaper against Deribit than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 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	0.04246	0	get 0.0000% / 1h	40m 50s	$8K	$43K	25x
Short	Gate STRK_USDT	0.04242	0.0100	get 0.0050% / 4h	2h 40m	$561K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.094%Rate

Funding earned: $21
Price spread: −0.094% → 0.000%: −$9.42
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$10.42
Costs to cover: 0.220%
Break-even: 10.5 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	3.54 bp	38.9 bp −$39	286.8 bp −$2,868	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	−0.0904%	1h	0.04246	0.000%	$70K	$100K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0192%	1h	0.04246	−0.004%	$444K	$583K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04247	+0.027%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUALlong	0.0000%	1h	0.04246	long leg	$8K	$43K	25x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.407%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04252	+0.141%	$253K	$442K	5x	as long as short
Paradex STRK-USD-PERP	+0.0099%	8h	0.04248	+0.043%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04247	+0.024%	$14.1M	$6.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04244	−0.054%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04248	+0.045%	$42K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04243	−0.069%	$11.9M	$44.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04240	−0.141%	$14.8M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04245	−0.024%	$4.6M	$19.3M	50x	as long as short
Gate STRK_USDTshort	+0.0100%	4h	0.04242	−0.094%	$561K	$1.4M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04245	−0.024%	$11.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04248	+0.047%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04243	−0.073%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04245	−0.024%	—	$9.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04242	−0.094%	$26K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04239	−0.157%	$417K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04257	+0.260%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04346	+2.355%	$1K	$865K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04242	−0.086%	$121K	$471K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04241	−0.118%	$689K	$753K	75x	as long as short