Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.036%

Price spread now: Hyperliquid against Gate+0.162%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1381.378% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.350%+$35 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.162%, 7d avg +0.123%

Together, before fees+0.258%+ Points / potential airdropHyperliquid: Season 2 · farm board+$26 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: Hyperliquid is 0.039% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STRK_USDT	0.04315	0.0100	pay 0.0050% / 4h	2h 52m	$578K	$1.3M	50x
Short	Hyperliquid STRK	0.04322	0.0100	get 0.0013% / 1h	52m 15s	$14.6M	$7.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.162%Rate

Funding earned: $0
Price spread: +0.162% → +0.123%: $3.9
Slippage, 4 orders: −$113.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$133.86
Costs to cover: 1.378%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Hyperliquid: live order book, 11 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 Gate live order book, 5 min ago	3.48 bp	58.2 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	3.45 bp	17.8 bp −$18	41.3 bp −$413	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	−0.0560%	1h	0.04294	−0.487%	$60K	$92K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0306%	1h	0.04318	+0.080%	$457K	$529K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04314	−0.027%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.497%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04312	−0.061%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04322	+0.162%	$14.6M	$7.2M	5x
Aster STRKUSDT	+0.0100%	4h	0.04315	−0.010%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04315	−0.002%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04316	+0.013%	$12.3M	$48.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04312	−0.070%	$15.0M	$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	0.04316	+0.023%	$4.7M	$22.3M	50x	as long as short
Gate STRK_USDTlong	+0.0100%	4h	0.04315	long leg	$578K	$1.3M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04317	+0.046%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04316	+0.023%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04315	−0.007%	$3.0M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04313	−0.046%	—	$726K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04314	−0.023%	$23K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04301	−0.328%	$349K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04297	−0.418%	$185K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04420	+2.433%	$2K	$847K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04315	+0.010%	$119K	$663K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04310	−0.116%	$747K	$821K	75x	as long as short
Lighter STRK	+0.0424%	1h	0.04322	+0.162%	$264K	$504K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.1140%	1h	0.04323	+0.185%	$8K	$44K	25x	as long as short