Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.105%

Price spread now: Lighter against GRVT+0.206%7-day average −0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$870.867% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.429%+$43 on $10k

Price spread, last 4 days (all we have)−3.202%−$320 · spread now +0.206%, 7d avg −0.138%

Together, before fees−2.773%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$277 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.344% dearer against GRVT than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT STRK_USDT_Perp	0.04388	0.0100	pay 0.0050% / 4h	2h 02m	$190K	$3.5M	10x
Short	Lighter STRK	0.04397	0.0256	get 0.0032% / 1h	2m 53s	$271K	$542K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.206%Rate

Funding earned: $32.76
Price spread: +0.206% → −0.138%: $34.36
Slippage, 4 orders: −$77.74
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.62
Costs to cover: 0.867%
Break-even: 11.2 days

Slippage from GRVT: live order book, 6 min ago; Lighter: live order book, 12 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, 6 min ago	3.41 bp	18.4 bp −$18	342.0 bp −$3,420	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	9.06 bp	25.1 bp −$25	70.0 bp −$700	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	−0.0352%	1h	0.04374	−0.318%	$62K	$94K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04389	+0.018%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.543%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04385	−0.071%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04393	+0.115%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04387	−0.022%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04390	+0.044%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04385	−0.068%	$12.7M	$50.1M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04380	−0.182%	$15.4M	$21.3M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04383	−0.113%	$4.9M	$23.6M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04385	−0.068%	$587K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04386	−0.045%	$12.2M	$2.3M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04386	−0.045%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04387	−0.015%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04383	−0.113%	—	$722K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04386	−0.045%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04386	−0.049%	$258K	$1.8M	—	as long as short
GRVT STRK_USDT_Perplong	+0.0100%	4h	0.04388	long leg	$190K	$3.5M	10x
SunX STRK-USDT	+0.0100%	4h	0.04490	+2.325%	$2K	$820K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04384	−0.092%	$121K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0151%	4h	0.04386	−0.045%	$770K	$725K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0206%	1h	0.04390	+0.046%	$8K	$24K	25x	as long as short
Lighter STRKshort	+0.0256%	1h	0.04397	+0.206%	$271K	$542K	5x
Kraken Futures PF_STRKUSD	+0.0338%	1h	0.04395	+0.170%	$468K	$490K	20x	as long as short