Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Hyperliquid against GRVT+0.092%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on GRVT Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.352%+$35 on $10k

Price spread, last 7 days+0.098%+$10 · spread now +0.092%, 7d avg +0.070%

Together, before fees+0.450%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board+$45 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 0.022% dearer against GRVT than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT STRK_USDT_Perp	0.04333	0.0100	pay 0.0050% / 4h	43m 33s	$184K	$3.5M	10x
Short	Hyperliquid STRK	0.04337	0.0100	get 0.0013% / 1h	43m 33s	$14.3M	$5.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.070%: $2.23
Slippage, 4 orders: −$57.59
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$73.36
Costs to cover: 0.756%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Hyperliquid: live order book, 9 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, 5 min ago	11.52 bp	25.8 bp −$26	91.3 bp −$913	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	2.31 bp	12.7 bp −$13	42.5 bp −$425	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	−0.1224%	1h	0.04271	−1.431%	$70K	$87K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04337	+0.084%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.009%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04346	+0.300%	$258K	$440K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04336	+0.075%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04337	+0.092%	$14.3M	$5.9M	5x
Aster STRKUSDT	+0.0100%	4h	0.04337	+0.092%	$33K	$227K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04341	+0.182%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04337	+0.092%	$12.3M	$43.9M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04336	+0.069%	$15.1M	$20.0M	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	0.04336	+0.069%	$4.7M	$18.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04337	+0.092%	$579K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04336	+0.069%	$11.6M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04335	+0.046%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04338	+0.111%	$3.0M	$3.8M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04337	+0.092%	—	$10.0M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04334	+0.023%	$29K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04337	+0.084%	$426K	$1.9M	—	as long as short
GRVT STRK_USDT_Perplong	+0.0100%	4h	0.04333	long leg	$184K	$3.5M	10x
SunX STRK-USDT	+0.0100%	4h	0.04434	+2.331%	$1K	$880K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04336	+0.065%	$120K	$874K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0332%	1h	0.04338	+0.126%	$452K	$560K	20x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04335	+0.046%	$671K	$776K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0442%	1h	0.04339	+0.138%	$8K	$43K	25x	as long as short