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: Variational Omni against dYdX−0.159%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 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

Funding pays, the price is against you. Variational Omni is 0.159% cheaper against dYdX than usual: you would sell low and buy high (spread −0.159% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.3 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	0.04399	0	get 0.0000% / 1h	50m 26s	$21K	$24K	5x
Short	Variational Omni STRK	0.04393	0.0100	get 0.0050% / 4h	2h 50m	$259K	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.159%Rate

Funding earned: $21
Price spread: −0.159% → 0.000%: −$15.86
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.86
Costs to cover: 0.100%
Break-even: 8.6 days

Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	5.67 bp	doesn't fit	53.3 bp −$533	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	−0.0352%	1h	0.04374	−0.580%	$63K	$90K	25x	as long as short
dYdX STRK-USDlong	0.0000%	1h	0.04399	long leg	$21K	$24K	5x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.240%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0048%	4h	0.04399	−0.011%	$778K	$729K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04399	−0.008%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04402	+0.057%	$15.2M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04402	+0.062%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04402	+0.048%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04399	−0.016%	$12.7M	$51.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04395	−0.102%	$15.4M	$21.2M	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	0.04396	−0.080%	$4.9M	$24.2M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04399	−0.011%	$592K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04400	+0.011%	$11.7M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04399	−0.011%	$1.5M	$2.0M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04397	−0.052%	$3.1M	$4.2M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04398	−0.034%	—	$30.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04399	−0.011%	$25K	$154K	10x	as long as short
Variational Omni STRKshort	+0.0100%	4h	0.04393	−0.159%	$259K	$1.6M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04417	+0.403%	$191K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04499	+2.262%	$1K	$815K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04396	−0.076%	$122K	$636K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0204%	1h	0.04404	+0.102%	$8K	$24K	25x	as long as short
Lighter STRK	+0.0296%	1h	0.04411	+0.261%	$272K	$541K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0337%	1h	0.04412	+0.279%	$470K	$500K	20x	as long as short