Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0804%/8h= −88.0% APRpaid last 24h −0.170%

Price spread now: Variational Omni against Deribit−0.695%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 Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Variational Omni is 0.695% cheaper against Deribit than usual: you would sell low and buy high (−$70 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	0.04338	0.0904	pay 0.0113% / 1h	31m 26s	$8K	$44K	25x
Short	Variational Omni STRK	0.04308	0.0100	get 0.0050% / 4h	2h 31m	$330K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.695%Rate

Funding earned: −$168.83
Price spread: −0.695% → 0.000%: −$69.54
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$245.37
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	4.64 bp	doesn't fit	48.7 bp −$487	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	−1.406%	$60K	$88K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0305%	1h	0.04334	−0.091%	$455K	$539K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04329	−0.200%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.874%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04324	−0.329%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04331	−0.161%	$14.7M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04328	−0.236%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04329	−0.205%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04328	−0.231%	$12.3M	$47.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04321	−0.392%	$15.0M	$21.2M	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-SWAP	+0.0100%	4h	0.04330	−0.184%	$4.7M	$21.9M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04327	−0.254%	$589K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04328	−0.231%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04329	−0.207%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04327	−0.254%	$3.1M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04327	−0.254%	—	$729K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04331	−0.161%	$23K	$146K	10x	as long as short
Variational Omni STRKshort	+0.0100%	4h	0.04308	−0.695%	$330K	$2.0M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04318	−0.461%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04434	+2.213%	$2K	$843K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04324	−0.326%	$121K	$661K	10x	as long as short
Lighter STRK	+0.0240%	1h	0.04336	−0.046%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUALlong	+0.0904%	1h	0.04338	long leg	$8K	$44K	25x