Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.074%

Price spread now: Aster against Lighter−0.195%7-day average −0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$850.850% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.425%−$42 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.195%, 7d avg −0.123%

Together, before fees−0.267%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.072% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04252	0.0096	pay 0.0012% / 1h	40m 47s	$253K	$442K	5x
Short	Aster STRKUSDT	0.04244	0.0100	get 0.0050% / 4h	2h 40m	$33K	$229K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.195%Rate

Funding earned: $0.84
Price spread: −0.195% → −0.123%: −$7.21
Slippage, 4 orders: −$77.02
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$91.38
Costs to cover: 0.850%
Break-even: 768.5 days

Slippage from Lighter: live order book, 64 min ago; Aster: live order book, 6 min ago.

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 Lighter live order book, 64 min ago	8.07 bp	24.7 bp −$25	66.2 bp −$662	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	11.76 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit

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	−0.0904%	1h	0.04246	−0.141%	$70K	$100K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0192%	1h	0.04246	−0.145%	$444K	$583K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04247	−0.114%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04246	−0.141%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.238%	$3K	$38K	5.5x	as long as short
Lighter STRKlong	+0.0096%	1h	0.04252	long leg	$253K	$442K	5x
Paradex STRK-USD-PERP	+0.0099%	8h	0.04248	−0.099%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04247	−0.118%	$14.1M	$6.4M	5x	as long as short
Aster STRKUSDTshort	+0.0100%	4h	0.04244	−0.195%	$33K	$229K	10x
Pacifica STRK	+0.0100%	1h	0.04248	−0.096%	$42K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04243	−0.210%	$11.9M	$44.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04240	−0.282%	$14.8M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04245	−0.165%	$4.6M	$19.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04242	−0.235%	$561K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04245	−0.165%	$11.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04248	−0.094%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04243	−0.214%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04245	−0.165%	—	$9.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04242	−0.235%	$26K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04239	−0.298%	$417K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04257	+0.119%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04346	+2.211%	$1K	$865K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04242	−0.227%	$121K	$471K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04241	−0.259%	$689K	$753K	75x	as long as short