STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.058%

Price spread now: Lighter against Hyperliquid+0.184%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$650.655% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.379%−$38 · spread now +0.184%, 7d avg −0.026%

Together, before fees−0.310%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.210% dearer against Hyperliquid than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04352	0.0100	pay 0.0013% / 1h	44m 02s	$14.8M	$7.4M	5x
Short	Lighter STRK	0.04360	0.0184	get 0.0023% / 1h	44m 02s	$265K	$506K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.184%Rate

Funding earned: $17.64
Price spread: +0.184% → −0.026%: $20.99
Slippage, 4 orders: −$56.48
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.86
Costs to cover: 0.655%
Break-even: 17.7 days

Slippage from Hyperliquid: live order book, 9 min ago; Lighter: live order book, 21 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	2.29 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 21 min ago	9.13 bp	20.0 bp −$20	69.9 bp −$699	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	−0.230%	$62K	$95K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0401%	1h	0.04352	+0.007%	$464K	$517K	20x	as long as short
Bybit STRKUSDT	−0.0171%	4h	0.04347	−0.115%	$15.3M	$21.5M	50x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04355	+0.061%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.498%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0054%	4h	0.04356	+0.092%	$747K	$723K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04349	−0.070%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04352	long leg	$14.8M	$7.4M	5x
Aster STRKUSDT	+0.0100%	4h	0.04352	−0.008%	$33K	$346K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04351	−0.023%	$43K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04352	0.000%	$12.4M	$49.1M	75x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04353	+0.023%	$4.8M	$22.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04350	−0.046%	$581K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04349	−0.069%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04351	−0.023%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04349	−0.062%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04347	−0.115%	—	$730K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04349	−0.069%	$24K	$147K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04348	−0.096%	$351K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04364	+0.276%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04448	+2.206%	$1K	$838K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04348	−0.101%	$125K	$744K	10x	as long as short
Lighter STRKshort	+0.0184%	1h	0.04360	+0.184%	$265K	$506K	5x
Deribit STRK_USDC-PERPETUAL	+0.0899%	1h	0.04355	+0.069%	$8K	$44K	25x	as long as short