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: Binance against Injective−12.919%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 Binance

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—needs both histories

Funding pays, the price is against you. Binance is 12.919% cheaper against Injective than usual: you would sell low and buy high (spread −12.919% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,292 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	58m 35s	$3K	$38K	5.5x
Short	Binance STRKUSDT	0.04415	0.0100	get 0.0050% / 4h	2h 58m	$12.8M	$51.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −12.919%Rate

Funding earned: $14
Price spread: −12.919% → 0.000%: −$1,291.91
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,287.93
Costs to cover: 0.100%
Break-even: 651.0 days

Slippage unknown: Injective: no order-book sample; Binance: live order book, 14 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 Binance live order book, 14 min ago	1.13 bp	13.8 bp −$14	37.7 bp −$377	407.1 bp −$40.7K	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	0.04387	−13.471%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04417	−12.890%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERPlong	+0.0033%	1h	0.05070	long leg	$3K	$38K	5.5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04414	−12.935%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04417	−12.880%	$15.2M	$7.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04416	−12.890%	$35K	$382K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04417	−12.870%	$42K	$49K	5x	as long as short
Binance STRKUSDTshort	+0.0100%	4h	0.04415	−12.919%	$12.8M	$51.7M	75x
Bybit STRKUSDT	+0.0100%	4h	0.04412	−12.978%	$15.5M	$21.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04413	−12.959%	$4.9M	$24.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04415	−12.919%	$594K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04416	−12.899%	$11.7M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04413	−12.959%	$1.5M	$2.0M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04414	−12.945%	$3.1M	$4.2M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04413	−12.959%	—	$723K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04418	−12.860%	$26K	$158K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04412	−12.987%	$260K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04427	−12.683%	$192K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04517	−10.907%	$2K	$818K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04412	−12.978%	$122K	$637K	10x	as long as short
BloFin STRK-USDT	+0.0115%	4h	0.04416	−12.899%	$781K	$733K	75x	as long as short
Lighter STRK	+0.0160%	1h	0.04426	−12.702%	$273K	$541K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0336%	1h	0.04425	−12.724%	$471K	$514K	20x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0429%	1h	0.04422	−12.781%	$8K	$34K	25x	as long as short