Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%

Price spread now: Binance against Hyperliquid−0.139%7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.139%, 7d avg −0.159%

Together, before fees−0.332%+ Points / potential airdropHyperliquid: Season 2 · farm board−$33 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: Binance is 0.020% dearer against Hyperliquid than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04310	0.0100	pay 0.0013% / 1h	34m 13s	$14.5M	$6.3M	5x
Short	Binance STRKUSDT	0.04304	0.0100	get 0.0050% / 4h	3h 34m	$12.3M	$44.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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 HyperliquidbpFee BinancebpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.159%: $2.03
Slippage, 4 orders: −$38.11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$55.08
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Binance: live order book, 8 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 Hyperliquid live order book, 9 min ago	3.47 bp	16.3 bp −$16	43.4 bp −$434	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.16 bp	12.2 bp −$12	38.7 bp −$387	368.5 bp −$36.8K	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	−0.1032%	1h	0.04289	−0.487%	$75K	$98K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04308	−0.053%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04307	−0.070%	$8K	$44K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.633%	$3K	$38K	5.5x	as long as short
Kraken Futures PF_STRKUSD	+0.0059%	1h	0.04308	−0.057%	$454K	$570K	20x	as long as short
Bybit STRKUSDT	+0.0071%	4h	0.04301	−0.209%	$15.1M	$20.1M	50x	as long as short
Lighter STRK	+0.0096%	1h	0.04314	+0.093%	$263K	$464K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04306	−0.102%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04310	long leg	$14.5M	$6.3M	5x
Aster STRKUSDT	+0.0100%	4h	0.04305	−0.107%	$33K	$229K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica STRK	+0.0100%	1h	0.04310	0.000%	$43K	$69K	5x	as long as short
Binance STRKUSDTshort	+0.0100%	4h	0.04304	−0.139%	$12.3M	$44.6M	75x
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04304	−0.139%	$4.7M	$19.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04303	−0.162%	$568K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04304	−0.139%	$12.0M	$1.9M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04306	−0.093%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04303	−0.151%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04305	−0.116%	—	$9.2M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04305	−0.116%	$30K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04298	−0.284%	$427K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04299	−0.247%	$190K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04406	+2.227%	$1K	$847K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04302	−0.174%	$119K	$658K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04303	−0.162%	$736K	$773K	75x	as long as short