Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.018%

Price spread now: BloFin against Hyperliquid−0.091%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$560.559% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.249%−$25 on $10k

Price spread, last 3 days (all we have)+1.782%+$178 · spread now −0.091%, 7d avg −0.060%

Together, before fees+1.532%+ Points / potential airdropHyperliquid: Season 2 · farm board+$153 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.031% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04373	0.0100	pay 0.0013% / 1h	10m 35s	$14.9M	$7.5M	5x
Short	BloFin STRK-USDT	0.04369	0.0057	get 0.0029% / 4h	10m 35s	$746K	$727K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$8.99
Price spread: −0.091% → −0.060%: −$3.12
Slippage, 4 orders: −$34.88
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$67.98
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 2 min ago; BloFin: live order book, 66 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, 2 min ago	1.14 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 66 min ago	2.28 bp	13.6 bp −$14	28.5 bp −$285	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	−0.0584%	1h	0.04370	−0.069%	$62K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04372	−0.025%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.939%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDTshort	+0.0057%	4h	0.04369	−0.091%	$746K	$727K	75x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04370	−0.078%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04373	long leg	$14.9M	$7.5M	5x
Aster STRKUSDT	+0.0100%	4h	0.04372	−0.018%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04372	−0.018%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04369	−0.091%	$12.5M	$49.5M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04366	−0.160%	$15.3M	$21.5M	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	0.04369	−0.091%	$4.8M	$23.1M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04370	−0.069%	$584K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04370	−0.069%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04370	−0.069%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04368	−0.114%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04368	−0.114%	—	$723K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04366	−0.160%	$24K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04363	−0.232%	$352K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04377	+0.098%	$188K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04469	+2.195%	$1K	$834K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04368	−0.111%	$121K	$625K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0506%	1h	0.04368	−0.114%	$467K	$515K	20x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0666%	1h	0.04373	0.000%	$8K	$44K	25x	as long as short
Lighter STRK	+0.0680%	1h	0.04380	+0.160%	$271K	$507K	5x	as long as short