Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bybit against Extended−0.021%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$830.830% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.021%, 7d avg +0.035%

Together, before fees+0.193%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.056% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STRK-USD	0.04400	0.0104	pay 0.0013% / 1h	15m 05s	$122K	$626K	10x
Short	Bybit STRKUSDT	0.04399	0.0100	get 0.0050% / 4h	2h 15m	$15.6M	$21.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$0.84
Price spread: −0.021% → +0.035%: −$5.56
Slippage, 4 orders: −$67.02
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$89.43
Costs to cover: 0.830%
Break-even: never at this rate

Slippage from Extended: live order book, 8 min ago; Bybit: live order book, 3 min ago.

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 Extended live order book, 8 min ago	5.65 bp	20.3 bp −$20	131.9 bp −$1,319	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.40 bp	17.7 bp −$18	51.9 bp −$519	doesn't fit	doesn't fit

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	0.04400	+0.002%	$63K	$91K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04405	+0.110%	$21K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04407	+0.161%	$8K	$24K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.229%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04402	+0.046%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04407	+0.161%	$15.1M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04407	+0.150%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04405	+0.106%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04402	+0.046%	$12.7M	$50.2M	75x	as long as short
Bybit STRKUSDTshort	+0.0100%	4h	0.04399	−0.021%	$15.6M	$21.1M	50x

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	0.04400	+0.002%	$4.9M	$23.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04407	+0.161%	$591K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04404	+0.093%	$11.6M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04402	+0.047%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04400	+0.002%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04402	+0.047%	—	$25.9M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04402	+0.047%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04401	+0.020%	$359K	$1.7M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04407	+0.161%	$190K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04505	+2.388%	$2K	$816K	20x	as long as short
Extended STRK-USDlong	+0.0104%	1h	0.04400	long leg	$122K	$626K	10x
BloFin STRK-USDT	+0.0123%	4h	0.04401	+0.024%	$785K	$726K	75x	as long as short
Lighter STRK	+0.0264%	1h	0.04414	+0.320%	$272K	$541K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0337%	1h	0.04413	+0.292%	$469K	$491K	20x	as long as short