Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%
Price spread now: Bybit against Injective−13.412%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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. Bybit is 13.412% cheaper against Injective than usual: you would sell low and buy high (spread −13.412% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,341 on $10k: about 22 months of funding at the current rate (+$2 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| 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 | 14m 34s | $3K | $38K | 5.5x |
| Short | Bybit STRKUSDT | 0.04390 | 0.0100 | get 0.0050% / 4h | 2h 14m | $15.5M | $21.3M | 50x |
Injective STRK/USDC PERP
Bybit STRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: −13.412% → 0.000%
- −$1,341.22
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,338.24
- Costs to cover
- 0.110%
- Break-even
- 676.1 days
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago | 3.40 bp | 17.7 bp −$18 | 51.9 bp −$519 | 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 | 0.04400 | −13.215% | $63K | $91K | 25x | as long as short |
| dYdX STRK-USD | 0.0000% | 1h | 0.04400 | −13.223% | $21K | $24K | 5x | as long as short |
| Deribit STRK_USDC-PERPETUAL | 0.0000% | 1h | 0.04407 | −13.077% | $8K | $24K | 25x | 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 | 0.04396 | −13.296% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRK | +0.0100% | 1h | 0.04402 | −13.176% | $15.1M | $7.2M | 5x | as long as short |
| Aster STRKUSDT | +0.0100% | 4h | 0.04397 | −13.267% | $35K | $363K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04399 | −13.225% | $44K | $69K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04392 | −13.363% | $12.7M | $50.2M | 75x | as long as short |
| Bybit STRKUSDTshort | +0.0100% | 4h | 0.04390 | −13.412% | $15.5M | $21.3M | 50x |
Coinbase International STRK-PERP-INTX
dYdX STRK-USD
Deribit STRK_USDC-PERPETUAL
Paradex STRK-USD-PERP
Hyperliquid STRK
Aster STRKUSDT
Pacifica STRK
Binance STRKUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX STRK-USDT-SWAP | +0.0100% | 4h | 0.04389 | −13.432% | $4.9M | $23.7M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04386 | −13.491% | $588K | $1.5M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04386 | −13.491% | $11.6M | $2.2M | 100x | as long as short |
| KuCoin STRKUSDTM | +0.0100% | 4h | 0.04387 | −13.471% | $1.5M | $1.9M | 50x | as long as short |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04385 | −13.519% | $3.1M | $4.1M | 75x | as long as short |
| BingX STRK-USDT | +0.0100% | 4h | 0.04387 | −13.471% | — | $25.9M | — | as long as short |
| Backpack STRK_USDC_PERP | +0.0100% | 1h | 0.04402 | −13.176% | $25K | $152K | 10x | as long as short |
| Variational Omni STRK | +0.0100% | 4h | 0.04401 | −13.199% | $359K | $1.7M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04407 | −13.076% | $190K | $3.5M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04505 | −11.144% | $2K | $816K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04385 | −13.514% | $121K | $626K | 10x | as long as short |
| BloFin STRK-USDT | +0.0123% | 4h | 0.04401 | −13.195% | $785K | $726K | 75x | as long as short |
| Lighter STRK | +0.0264% | 1h | 0.04408 | −13.057% | $272K | $541K | 5x | as long as short |
| Kraken Futures PF_STRKUSD | +0.0337% | 1h | 0.04413 | −12.963% | $469K | $491K | 20x | as long as short |
OKX STRK-USDT-SWAP
Gate STRK_USDT
MEXC STRK_USDT
KuCoin STRKUSDTM
Bitget STRKUSDT
BingX STRK-USDT
Backpack STRK_USDC_PERP
Variational Omni STRK
GRVT STRK_USDT_Perp
SunX STRK-USDT
Extended STRK-USD
BloFin STRK-USDT
Lighter STRK
Kraken Futures PF_STRKUSD