Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Bybit against GRVT−0.350%80s7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$650.651% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days+0.239%+$24 · spread now −0.350%, 7d avg −0.125%

Together, before fees+0.279%+ Points / potential airdropGRVT: Active · farm board+$28 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 0.224% cheaper against GRVT than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.125%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT STRK_USDT_Perp	0.04377	0.0100	pay 0.0050% / 4h	10m 22s	$188K	$3.6M	10x
Short	Bybit STRKUSDT	0.04362	0.0100	get 0.0050% / 4h	10m 22s	$15.3M	$21.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now −0.350%Rate

Funding earned: $0
Price spread: −0.350% → −0.125%: −$22.44
Slippage, 4 orders: −$45.12
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$87.56
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 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 GRVT live order book, 4 min ago	7.99 bp	17.2 bp −$17	94.9 bp −$949	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.14 bp	13.4 bp −$13	42.3 bp −$423	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	−0.0584%	1h	0.04342	−0.807%	$62K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04372	−0.124%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.825%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0057%	4h	0.04369	−0.190%	$746K	$727K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04370	−0.176%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04374	−0.075%	$14.9M	$7.5M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04371	−0.155%	$33K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04372	−0.117%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04365	−0.280%	$12.5M	$49.5M	75x	as long as short
Bybit STRKUSDTshort	+0.0100%	4h	0.04362	−0.350%	$15.3M	$21.5M	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	0.04367	−0.235%	$4.9M	$23.1M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04370	−0.167%	$584K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04370	−0.167%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04370	−0.167%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04367	−0.247%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04367	−0.235%	—	$723K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04366	−0.258%	$24K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04363	−0.330%	$352K	$2.0M	—	as long as short
GRVT STRK_USDT_Perplong	+0.0100%	4h	0.04377	long leg	$188K	$3.6M	10x
SunX STRK-USDT	+0.0100%	4h	0.04470	+2.118%	$1K	$835K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04367	−0.243%	$121K	$625K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0506%	1h	0.04368	−0.218%	$467K	$515K	20x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0665%	1h	0.04375	−0.053%	$8K	$44K	25x	as long as short
Lighter STRK	+0.0672%	1h	0.04380	+0.062%	$271K	$507K	5x	as long as short