Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0803%/8h= −87.9% APRpaid last 24h −0.174%

Price spread now: Paradex against Deribit−0.324%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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Paradex is 0.324% cheaper against Deribit than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit STRK_USDC-PERPETUAL	0.04341	0.0903	pay 0.0113% / 1h	11m 10s	$8K	$44K	25x
Short	Paradex STRK-USD-PERP	0.04327	0.0100	get 0.0100% / 8h	7h 11m	$8K	$144	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.324%Rate

Funding earned: −$168.66
Price spread: −0.324% → 0.000%: −$32.37
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$212.03
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Deribit and Paradex: 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	−0.0576%	1h	0.04313	−0.645%	$61K	$93K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0402%	1h	0.04336	−0.109%	$462K	$526K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04329	−0.269%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.793%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERPshort	+0.0100%	8h	0.04327	−0.324%	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04339	−0.046%	$14.7M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04334	−0.154%	$33K	$335K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04330	−0.244%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04335	−0.138%	$12.3M	$48.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04338	−0.069%	$15.2M	$21.5M	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	0.04342	+0.023%	$4.8M	$22.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04326	−0.346%	$578K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04342	+0.023%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04335	−0.138%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04340	−0.030%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04340	−0.023%	—	$26.4M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04341	0.000%	$23K	$147K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04330	−0.247%	$351K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04329	−0.278%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04431	+2.073%	$1K	$842K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04334	−0.172%	$120K	$663K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04331	−0.230%	$742K	$781K	75x	as long as short
Lighter STRK	+0.0424%	1h	0.04345	+0.092%	$264K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUALlong	+0.0903%	1h	0.04341	long leg	$8K	$44K	25x