Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.021%

Price spread now: GRVT against Extended−0.185%7-day average +0.304% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1111.111% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+3.723%+$372 · spread now −0.185%, 7d avg +0.304%

Together, before fees+3.673%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$367 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: GRVT is 0.490% cheaper against Extended than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of +0.304%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STRK-USD	0.04334	0.0104	pay 0.0013% / 1h	7m 33s	$121K	$660K	10x
Short	GRVT STRK_USDT_Perp	0.04326	0.0100	get 0.0050% / 4h	2h 07m	$185K	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$0.84
Price spread: −0.185% → +0.304%: −$48.95
Slippage, 4 orders: −$97.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$160.94
Costs to cover: 1.111%
Break-even: never at this rate

Slippage from Extended: live order book, 60 min ago; GRVT: live order book, 1 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, 60 min ago	4.59 bp	19.7 bp −$20	124.8 bp −$1,248	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	11.55 bp	23.9 bp −$24	107.1 bp −$1,071	doesn't fit	doesn't fit

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	−1.304%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0305%	1h	0.04335	+0.036%	$455K	$529K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04335	+0.026%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.995%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04333	−0.016%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04338	+0.103%	$14.7M	$7.0M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04337	+0.072%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04337	+0.085%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04334	+0.016%	$12.4M	$46.9M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04331	−0.058%	$15.0M	$20.9M	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	0.04334	+0.011%	$4.7M	$21.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04334	+0.011%	$589K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04334	+0.011%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04335	+0.034%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04335	+0.043%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04335	+0.034%	—	$26.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04335	+0.034%	$24K	$146K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04332	−0.041%	$368K	$2.0M	—	as long as short
GRVT STRK_USDT_Perpshort	+0.0100%	4h	0.04326	−0.185%	$185K	$3.6M	10x
SunX STRK-USDT	+0.0100%	4h	0.04439	+2.434%	$1K	$839K	20x	as long as short
Extended STRK-USDlong	+0.0104%	1h	0.04334	long leg	$121K	$660K	10x
Lighter STRK	+0.0208%	1h	0.04345	+0.265%	$265K	$507K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0673%	1h	0.04339	+0.126%	$8K	$44K	25x	as long as short