Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.043%

Price spread now: BloFin against Injective−13.097%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 BloFin

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. BloFin is 13.097% cheaper against Injective than usual: you would sell low and buy high (spread −13.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,310 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	56m 03s	$3K	$38K	5.5x
Short	BloFin STRK-USDT	0.04406	0.0090	get 0.0045% / 4h	56m 03s	$755K	$725K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −13.097%Rate

Funding earned: $11.83
Price spread: −13.097% → 0.000%: −$1,309.66
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1,309.86
Costs to cover: 0.120%
Break-even: 782.3 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 21 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 BloFin live order book, 21 min ago	2.28 bp	13.6 bp −$14	28.5 bp −$285	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	−0.0584%	1h	0.04396	−13.294%	$63K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04409	−13.041%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERPlong	+0.0033%	1h	0.05070	long leg	$3K	$38K	5.5x
Bybit STRKUSDT	+0.0053%	4h	0.04410	−13.018%	$15.6M	$21.4M	50x	as long as short
BloFin STRK-USDTshort	+0.0090%	4h	0.04406	−13.097%	$755K	$725K	75x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04406	−13.097%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04416	−12.899%	$15.1M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04415	−12.917%	$34K	$361K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04410	−13.018%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04414	−12.940%	$12.6M	$49.8M	75x	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	0.04410	−13.018%	$4.9M	$23.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04410	−13.018%	$589K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04413	−12.959%	$12.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04415	−12.919%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04414	−12.947%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04411	−12.998%	—	$721K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04372	−13.769%	$258K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04379	−13.620%	$194K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04514	−10.966%	$1K	$831K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04411	−13.007%	$122K	$626K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0300%	1h	0.04414	−12.939%	$25K	$148K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0501%	1h	0.04418	−12.864%	$473K	$512K	20x	as long as short
Lighter STRK	+0.0616%	1h	0.04426	−12.702%	$273K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.1109%	1h	0.04422	−12.781%	$2K	$34K	25x	as long as short