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: Extended against GRVT+0.046%92s7-day average −0.304% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as 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−$1111.111% of the position

Long on GRVT Short on Extended

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)−3.584%−$358 · spread now +0.046%, 7d avg −0.304%

Together, before fees−3.534%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$353 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: Extended is 0.350% dearer against GRVT than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.304%. The two prices were read 92 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	0.04332	0.0100	pay 0.0050% / 4h	2h 07m	$189K	$3.6M	10x
Short	Extended STRK-USD	0.04334	0.0104	get 0.0013% / 1h	7m 49s	$121K	$660K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0.84
Price spread: +0.046% → −0.304%: $35.04
Slippage, 4 orders: −$97.14
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$75.26
Costs to cover: 1.111%
Break-even: 634.2 days

Slippage from GRVT: live order book, 1 min ago; Extended: live order book, 60 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, 1 min ago	11.55 bp	47.8 bp −$48	2031.2 bp −$20.3K	doesn't fit	doesn't fit
Sell Extended live order book, 60 min ago	4.59 bp	19.7 bp −$20	149.7 bp −$1,497	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	−1.270%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0305%	1h	0.04335	+0.071%	$455K	$529K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04331	−0.020%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.036%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04328	−0.098%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04339	+0.162%	$14.7M	$7.0M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04335	+0.075%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04332	+0.002%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04336	+0.090%	$12.4M	$47.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04332	0.000%	$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	0.04337	+0.115%	$4.7M	$21.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04334	+0.046%	$589K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04334	+0.046%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04335	+0.069%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04337	+0.104%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04336	+0.092%	—	$26.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04335	+0.069%	$24K	$146K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04332	−0.006%	$368K	$2.0M	—	as long as short
GRVT STRK_USDT_Perplong	+0.0100%	4h	0.04332	long leg	$189K	$3.6M	10x
SunX STRK-USDT	+0.0100%	4h	0.04439	+2.470%	$1K	$839K	20x	as long as short
Extended STRK-USDshort	+0.0104%	1h	0.04334	+0.046%	$121K	$660K	10x
Lighter STRK	+0.0208%	1h	0.04342	+0.231%	$265K	$507K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0673%	1h	0.04339	+0.162%	$8K	$44K	25x	as long as short