Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0122%/8h= −13.4% APRpaid last 24h −0.144%

Price spread now: MEXC against Deribit+0.071%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on MEXC

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

The price spread pays, funding is against you. MEXC is 0.071% dearer against Deribit than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit STRK_USDC-PERPETUAL	0.04237	0.0222	pay 0.0028% / 1h	21m 13s	$8K	$43K	25x
Short	MEXC STRK_USDT	0.04240	0.0100	get 0.0050% / 4h	2h 21m	$11.4M	$2.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$25.67
Price spread: +0.071% → 0.000%: $7.08
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$29.59
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; MEXC: 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 MEXC live order book, 2 min ago	1.18 bp	9.6 bp −$10	28.1 bp −$281	95.7 bp −$9,567	211.6 bp −$105.8K

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	0.04204	−0.779%	$69K	$99K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0192%	1h	0.04237	−0.002%	$444K	$587K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04239	+0.053%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.660%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04241	+0.094%	$253K	$443K	5x	as long as short
Paradex STRK-USD-PERP	+0.0099%	8h	0.04241	+0.100%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04244	+0.165%	$14.0M	$6.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04236	−0.025%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04241	+0.094%	$42K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04234	−0.071%	$11.9M	$44.7M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04235	−0.047%	$14.7M	$20.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04240	+0.071%	$4.6M	$19.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04235	−0.047%	$570K	$1.4M	50x	as long as short
MEXC STRK_USDTshort	+0.0100%	4h	0.04240	+0.071%	$11.4M	$2.1M	100x
KuCoin STRKUSDTM	+0.0100%	4h	0.04237	0.000%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04240	+0.080%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04240	+0.071%	—	$729K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04235	−0.047%	$26K	$142K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04220	−0.406%	$415K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04226	−0.271%	$184K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04336	+2.337%	$1K	$868K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04231	−0.134%	$119K	$474K	10x	as long as short
Deribit STRK_USDC-PERPETUALlong	+0.0222%	1h	0.04237	long leg	$8K	$43K	25x
BloFin STRK-USDT	+0.0340%	4h	0.04235	−0.047%	$681K	$767K	75x	as long as short