Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: BingX against Injective−13.136%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 BingX

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. BingX is 13.136% cheaper against Injective than usual: you would sell low and buy high (spread −13.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,314 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	51m 05s	$3K	$38K	5.5x
Short	BingX STRK-USDC	0.04404	0.0100	get 0.0050% / 4h	1h 51m	—	$723K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −13.136%Rate

Funding earned: $14
Price spread: −13.136% → 0.000%: −$1,313.61
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1,309.63
Costs to cover: 0.100%
Break-even: 661.8 days

Slippage unknown: Injective: no order-book sample; BingX: live order book, 68 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 BingX live order book, 68 min ago	2.27 bp	17.3 bp −$17	37.2 bp −$372	264.3 bp −$26.4K	658.9 bp −$329.4K

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	−0.0592%	1h	0.04399	−13.235%	$63K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04408	−13.056%	$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	+0.0093%	4h	0.04407	−13.077%	$761K	$728K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04402	−13.178%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04408	−13.057%	$15.2M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04406	−13.103%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04407	−13.087%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04398	−13.264%	$12.7M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04392	−13.373%	$15.5M	$21.4M	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	0.04390	−13.412%	$4.9M	$23.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04410	−13.018%	$590K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04405	−13.116%	$12.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04403	−13.156%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04404	−13.144%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDCshort	+0.0100%	4h	0.04404	−13.136%	—	$723K	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04405	−13.116%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04418	−12.858%	$359K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04427	−12.675%	$192K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04508	−11.085%	$2K	$822K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04401	−13.199%	$122K	$626K	10x	as long as short
Lighter STRK	+0.0560%	1h	0.04415	−12.919%	$272K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0658%	1h	0.04410	−13.018%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.1162%	1h	0.04417	−12.877%	$470K	$490K	20x	as long as short