Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Gate against GRVT−0.252%51s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as 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−$1241.242% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days+0.293%+$29 · spread now −0.252%, 7d avg −0.047%

Together, before fees+0.316%+ Points / potential airdropGRVT: Active · farm board+$32 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: Gate is 0.205% cheaper against GRVT than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.047%. The two prices were read 51 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	0.04364	0.0100	pay 0.0050% / 4h	3h 46m	$189K	$3.5M	10x
Short	Gate STRK_USDT	0.04353	0.0100	get 0.0050% / 4h	3h 46m	$581K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.252%Rate

Funding earned: $0
Price spread: −0.252% → −0.047%: −$20.53
Slippage, 4 orders: −$100.23
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$144.76
Costs to cover: 1.242%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Gate: 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 GRVT live order book, 2 min ago	9.19 bp	21.1 bp −$21	81.0 bp −$810	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.45 bp	36.3 bp −$36	483.6 bp −$4,836	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	−0.0576%	1h	0.04342	−0.504%	$62K	$95K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0401%	1h	0.04356	−0.193%	$464K	$517K	20x	as long as short
Bybit STRKUSDT	−0.0302%	4h	0.04346	−0.412%	$15.3M	$21.5M	50x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04355	−0.214%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.178%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04353	−0.249%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04355	−0.206%	$14.8M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04357	−0.158%	$33K	$346K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04357	−0.167%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04350	−0.321%	$12.4M	$49.1M	75x	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	0.04350	−0.321%	$4.8M	$22.8M	50x	as long as short
Gate STRK_USDTshort	+0.0100%	4h	0.04353	−0.252%	$581K	$1.4M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04354	−0.229%	$12.4M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04355	−0.206%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04354	−0.225%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04352	−0.275%	—	$26.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04355	−0.206%	$24K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04360	−0.096%	$352K	$2.0M	—	as long as short
GRVT STRK_USDT_Perplong	+0.0100%	4h	0.04364	long leg	$189K	$3.5M	10x
SunX STRK-USDT	+0.0100%	4h	0.04455	+2.085%	$1K	$838K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04352	−0.284%	$123K	$718K	10x	as long as short
BloFin STRK-USDT	+0.0113%	4h	0.04353	−0.252%	$745K	$723K	75x	as long as short
Lighter STRK	+0.0200%	1h	0.04365	+0.023%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0898%	1h	0.04362	−0.046%	$8K	$44K	25x	as long as short