Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.293%

Price spread now: Aster against dYdX−0.078%49s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.078% cheaper against dYdX than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX STRK-USD	0.04372	0.0000	pay 0.0000% / 1h	9m 59s	$20K	$24K	5x
Short	Aster STRKUSDT	0.04368	0.0100	get 0.0050% / 4h	9m 59s	$33K	$350K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now −0.078%Rate

Funding earned: $20.93
Price spread: −0.078% → 0.000%: −$7.8
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.86
Costs to cover: 0.180%
Break-even: 8.6 days

Slippage unknown: dYdX: no order-book sample; Aster: 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 dYdX no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	13.69 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit

dYdX: 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	−0.0584%	1h	0.04342	−0.684%	$62K	$95K	25x	as long as short
dYdX STRK-USDlong	0.0000%	1h	0.04372	long leg	$20K	$24K	5x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.968%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0057%	4h	0.04369	−0.066%	$746K	$727K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04370	−0.052%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04371	−0.020%	$14.9M	$7.5M	5x	as long as short
Aster STRKUSDTshort	+0.0100%	4h	0.04368	−0.078%	$33K	$350K	10x
Pacifica STRK	+0.0100%	1h	0.04372	+0.007%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04366	−0.135%	$12.5M	$49.5M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04363	−0.203%	$15.3M	$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	0.04363	−0.203%	$4.8M	$23.0M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04366	−0.135%	$584K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04365	−0.158%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04369	−0.066%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04367	−0.123%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04365	−0.158%	—	$723K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04366	−0.135%	$24K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04363	−0.206%	$352K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04377	+0.124%	$188K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04470	+2.244%	$1K	$835K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04362	−0.219%	$121K	$625K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0506%	1h	0.04368	−0.095%	$467K	$515K	20x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0665%	1h	0.04375	+0.071%	$8K	$44K	25x	as long as short
Lighter STRK	+0.0672%	1h	0.04380	+0.186%	$271K	$507K	5x	as long as short