Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.346%

Price spread now: BingX against dYdX−0.091%7-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 BingX

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—needs both histories

Funding pays, the price is against you. BingX is 0.091% cheaper against dYdX than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX STRK-USD	0.04401	0	get 0.0000% / 1h	45m 26s	$21K	$24K	5x
Short	BingX STRK-USDT	0.04397	0.0100	get 0.0050% / 4h	2h 45m	—	$30.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $21
Price spread: −0.091% → 0.000%: −$9.09
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$8.09
Costs to cover: 0.200%
Break-even: 9.7 days

Slippage unknown: dYdX: no order-book sample; BingX: live order book, 8 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 BingX live order book, 8 min ago	4.54 bp	18.6 bp −$19	42.0 bp −$420	318.5 bp −$31.8K	721.0 bp −$360.5K

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	−0.0352%	1h	0.04374	−0.613%	$63K	$90K	25x	as long as short
dYdX STRK-USDlong	0.0000%	1h	0.04401	long leg	$21K	$24K	5x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.201%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04400	−0.033%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04402	+0.023%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04403	+0.040%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04400	−0.023%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04399	−0.043%	$12.7M	$50.5M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04393	−0.182%	$15.4M	$21.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04396	−0.114%	$4.9M	$23.9M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04398	−0.068%	$591K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04399	−0.045%	$11.6M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04398	−0.068%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04398	−0.070%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDTshort	+0.0100%	4h	0.04397	−0.091%	—	$30.3M	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04400	−0.023%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04391	−0.238%	$264K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04396	−0.106%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04504	+2.340%	$1K	$810K	20x	as long as short
BloFin STRK-USDT	+0.0104%	4h	0.04399	−0.045%	$778K	$721K	75x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04395	−0.134%	$122K	$626K	10x	as long as short
Lighter STRK	+0.0176%	1h	0.04411	+0.227%	$272K	$541K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0338%	1h	0.04407	+0.145%	$469K	$495K	20x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0432%	1h	0.04405	+0.091%	$8K	$24K	25x	as long as short