Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Paradex against Injective−14.874%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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 14.874% cheaper against Injective than usual: you would sell low and buy high (spread −14.874% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,487 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	39m 56s	$3K	$38K	5.5x
Short	Paradex STRK-USD-PERP	0.04316	0.0100	get 0.0100% / 8h	5h 39m	$8K	$144	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −14.874%Rate

Funding earned: $13.98
Price spread: −14.874% → 0.000%: −$1,487.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1,477.42
Costs to cover: 0.040%
Break-even: 746.9 days

Slippage unknown: Injective: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Injective and Paradex: 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	−0.0952%	1h	0.04280	−15.582%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0370%	1h	0.04316	−14.876%	$453K	$529K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04316	−14.878%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERPlong	+0.0033%	1h	0.05070	long leg	$3K	$38K	5.5x
Lighter STRK	+0.0096%	1h	0.04324	−14.714%	$264K	$503K	5x	as long as short
Paradex STRK-USD-PERPshort	+0.0100%	8h	0.04316	−14.874%	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04318	−14.832%	$14.6M	$7.0M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04317	−14.850%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04317	−14.860%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04315	−14.885%	$12.3M	$46.2M	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	0.04312	−14.951%	$15.0M	$20.8M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04316	−14.872%	$4.7M	$20.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04314	−14.911%	$579K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04315	−14.892%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04316	−14.872%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04317	−14.860%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04315	−14.892%	—	$26.1M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04315	−14.892%	$24K	$137K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04310	−14.997%	$387K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04322	−14.759%	$187K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04414	−12.939%	$2K	$835K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04313	−14.934%	$119K	$665K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04308	−15.030%	$756K	$828K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0445%	1h	0.04319	−14.813%	$8K	$44K	25x	as long as short