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: Variational Omni against GRVT−0.132%7-day average −0.073% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.132%, 7d avg −0.073%

Together, before fees+0.064%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board+$6 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: Variational Omni is 0.060% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT STRK_USDT_Perp	0.04354	0.0100	pay 0.0050% / 4h	3h 42m	$190K	$3.5M	10x
Short	Variational Omni STRK	0.04348	0.0100	get 0.0050% / 4h	3h 42m	$351K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.073%: −$5.98
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.98
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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	10.34 bp	19.8 bp −$20	81.6 bp −$816	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	4.61 bp	doesn't fit	43.7 bp −$437	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	−0.266%	$62K	$95K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0401%	1h	0.04355	+0.028%	$464K	$517K	20x	as long as short
Bybit STRKUSDT	−0.0131%	4h	0.04347	−0.151%	$15.3M	$21.5M	50x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04355	+0.024%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.456%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04355	+0.023%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04355	+0.032%	$14.8M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04353	−0.024%	$33K	$346K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04357	+0.083%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04351	−0.059%	$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	−0.083%	$4.8M	$22.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04350	−0.083%	$580K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04351	−0.060%	$12.4M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04354	+0.009%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04350	−0.089%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04351	−0.060%	—	$26.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04352	−0.037%	$24K	$147K	10x	as long as short
Variational Omni STRKshort	+0.0100%	4h	0.04348	−0.132%	$351K	$2.0M	—
GRVT STRK_USDT_Perplong	+0.0100%	4h	0.04354	long leg	$190K	$3.5M	10x
SunX STRK-USDT	+0.0100%	4h	0.04455	+2.329%	$1K	$838K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04350	−0.092%	$121K	$757K	10x	as long as short
BloFin STRK-USDT	+0.0150%	4h	0.04350	−0.083%	$747K	$719K	75x	as long as short
Lighter STRK	+0.0200%	1h	0.04364	+0.239%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.1127%	1h	0.04362	+0.193%	$8K	$44K	25x	as long as short