Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0343%/8h= −37.5% APRpaid last 24h −0.170%

Price spread now: OKX against Deribit+0.023%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 OKX

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. OKX is 0.023% dearer against Deribit than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit STRK_USDC-PERPETUAL	0.04334	0.0443	pay 0.0055% / 1h	26m 49s	$8K	$44K	25x
Short	OKX STRK-USDT-SWAP	0.04335	0.0100	get 0.0050% / 4h	2h 26m	$4.7M	$21.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$71.96
Price spread: +0.023% → 0.000%: $2.31
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$86.66
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; OKX: 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 OKX live order book, 2 min ago	1.15 bp	19.0 bp −$19	112.5 bp −$1,125	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 23 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	−0.0560%	1h	0.04277	−1.315%	$60K	$87K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0305%	1h	0.04330	−0.089%	$455K	$539K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04329	−0.109%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.982%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04333	−0.016%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04337	+0.069%	$14.7M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04332	−0.050%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04334	+0.007%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04332	−0.046%	$12.3M	$47.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04329	−0.115%	$15.0M	$21.1M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAPshort	+0.0100%	4h	0.04335	+0.023%	$4.7M	$21.8M	50x
Gate STRK_USDT	+0.0100%	4h	0.04327	−0.162%	$588K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04332	−0.046%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04334	0.000%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04331	−0.058%	$3.1M	$3.9M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04331	−0.069%	—	$26.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04330	−0.092%	$24K	$146K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04322	−0.281%	$332K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04322	−0.277%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04436	+2.353%	$2K	$841K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04327	−0.153%	$121K	$661K	10x	as long as short
Lighter STRK	+0.0248%	1h	0.04342	+0.185%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUALlong	+0.0443%	1h	0.04334	long leg	$8K	$44K	25x