Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Aster against Injective−12.945%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 12.945% cheaper against Injective than usual: you would sell low and buy high (spread −12.945% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,294 on $10k: about 22 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective STRK/USDC PERP	0.05070	0.0033	pay 0.0004% / 1h	40m 45s	$3K	$38K	5.5x
Short	Aster STRKUSDT	0.04414	0.0100	get 0.0050% / 4h	2h 40m	$35K	$374K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −12.945%Rate

Funding earned: $14
Price spread: −12.945% → 0.000%: −$1,294.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$1,288.48
Costs to cover: 0.080%
Break-even: 651.2 days

Slippage unknown: Injective: no order-book sample; Aster: live order book, 46 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 Injective no order-book sample	—	—	—	—	—
Sell Aster live order book, 46 min ago	12.37 bp	25.1 bp −$25	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0352%	1h	0.04374	−13.728%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04413	−12.961%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERPlong	+0.0033%	1h	0.05070	long leg	$3K	$38K	5.5x
BloFin STRK-USDT	+0.0045%	4h	0.04413	−12.959%	$781K	$723K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04413	−12.965%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04416	−12.899%	$15.2M	$7.3M	5x	as long as short
Aster STRKUSDTshort	+0.0100%	4h	0.04414	−12.945%	$35K	$374K	10x
Pacifica STRK	+0.0100%	1h	0.04412	−12.986%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04414	−12.939%	$12.7M	$50.4M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04406	−13.097%	$15.4M	$21.0M	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	0.04407	−13.077%	$4.9M	$23.9M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04418	−12.860%	$594K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04414	−12.939%	$11.7M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04411	−12.998%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04410	−13.010%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04410	−13.018%	—	$30.2M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04411	−12.998%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04391	−13.402%	$264K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04397	−13.274%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04515	−10.947%	$1K	$811K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04408	−13.050%	$122K	$626K	10x	as long as short
Lighter STRK	+0.0176%	1h	0.04424	−12.742%	$273K	$541K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0203%	1h	0.04416	−12.899%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.0336%	1h	0.04424	−12.750%	$471K	$494K	20x	as long as short