Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Bitget against Injective−14.647%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 Bitget

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. Bitget is 14.647% cheaper against Injective than usual: you would sell low and buy high (spread −14.647% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,465 on $10k: about years 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	20m 49s	$3K	$38K	5.5x
Short	Bitget STRKUSDT	0.04327	0.0100	get 0.0050% / 4h	3h 20m	$3.0M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −14.647%Rate

Funding earned: $14
Price spread: −14.647% → 0.000%: −$1,464.69
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,462.71
Costs to cover: 0.120%
Break-even: 738.4 days

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.07 bp	18.1 bp −$18	33.7 bp −$337	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	−0.0576%	1h	0.04327	−14.655%	$61K	$94K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0402%	1h	0.04338	−14.435%	$461K	$523K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04342	−14.366%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERPlong	+0.0033%	1h	0.05070	long leg	$3K	$38K	5.5x
BloFin STRK-USDT	+0.0042%	4h	0.04337	−14.458%	$749K	$715K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04333	−14.533%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04329	−14.615%	$14.7M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04335	−14.499%	$33K	$346K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04338	−14.438%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04332	−14.550%	$12.3M	$48.7M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04324	−14.714%	$15.1M	$21.5M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04325	−14.694%	$4.8M	$22.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04327	−14.655%	$576K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04336	−14.477%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04337	−14.458%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDTshort	+0.0100%	4h	0.04327	−14.647%	$3.0M	$4.0M	75x
BingX STRK-USDC	+0.0100%	4h	0.04330	−14.596%	—	$728K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04334	−14.517%	$24K	$147K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04334	−14.521%	$352K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04349	−14.226%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04438	−12.465%	$2K	$840K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04337	−14.467%	$123K	$659K	10x	as long as short
Lighter STRK	+0.0360%	1h	0.04346	−14.280%	$264K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0903%	1h	0.04341	−14.379%	$8K	$44K	25x	as long as short