Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.042%

Price spread now: OKX against Hyperliquid−0.250%7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$650.652% of the position

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.332%−$33 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.250%, 7d avg −0.131%

Together, before fees−0.258%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 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: OKX is 0.119% cheaper against Hyperliquid than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04397	0.0100	pay 0.0013% / 1h	34m 24s	$14.9M	$7.5M	5x
Short	OKX STRK-USDT-SWAP	0.04386	0.0100	get 0.0050% / 4h	34m 24s	$4.9M	$23.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.250%Rate

Funding earned: $0
Price spread: −0.250% → −0.131%: −$11.94
Slippage, 4 orders: −$46.24
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$77.18
Costs to cover: 0.652%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; OKX: live order book, 4 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, 8 min ago	1.13 bp	11.6 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.27 bp	15.5 bp −$15	134.7 bp −$1,347	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	0.04391	−0.136%	$62K	$96K	25x	as long as short
dYdX STRK-USD	+0.0001%	1h	0.04393	−0.080%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.306%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04389	−0.177%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04397	long leg	$14.9M	$7.5M	5x
Aster STRKUSDT	+0.0100%	4h	0.04392	−0.117%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04393	−0.098%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04389	−0.177%	$12.6M	$49.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04389	−0.182%	$15.5M	$21.4M	50x	as long as short
OKX STRK-USDT-SWAPshort	+0.0100%	4h	0.04386	−0.250%	$4.9M	$23.3M	50x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04390	−0.159%	$588K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04390	−0.159%	$12.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04391	−0.136%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04389	−0.186%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04389	−0.182%	—	$721K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04393	−0.080%	$358K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04395	−0.053%	$193K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04501	+2.365%	$2K	$834K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04389	−0.188%	$122K	$625K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0123%	1h	0.04389	−0.182%	$25K	$148K	10x	as long as short
BloFin STRK-USDT	+0.0123%	4h	0.04388	−0.205%	$749K	$724K	75x	as long as short
Kraken Futures PF_STRKUSD	+0.0504%	1h	0.04392	−0.124%	$470K	$512K	20x	as long as short
Lighter STRK	+0.0640%	1h	0.04404	+0.159%	$272K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0661%	1h	0.04396	−0.023%	$2K	$34K	25x	as long as short