STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.076%

Price spread now: Backpack against Lighter−0.231%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$790.785% of the position

Long on Lighter Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.231%, 7d avg −0.083%

Together, before fees+0.389%+ Points / potential airdropLighter: Season 3 · farm board+$39 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: Backpack is 0.148% cheaper against Lighter than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04324	0.0096	pay 0.0012% / 1h	5m 01s	$264K	$502K	5x
Short	Backpack STRK_USDC_PERP	0.04314	0.0100	get 0.0013% / 1h	5m 01s	$30K	$143K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.231%Rate

Funding earned: $0.84
Price spread: −0.231% → −0.083%: −$14.79
Slippage, 4 orders: −$68.5
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$92.45
Costs to cover: 0.785%
Break-even: 777.4 days

Slippage from Lighter: live order book, 45 min ago; Backpack: live order book, 53 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, 45 min ago	8.06 bp	25.9 bp −$26	65.0 bp −$650	doesn't fit	doesn't fit
Sell Backpack live order book, 53 min ago	2.31 bp	21.8 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	−0.0976%	1h	0.04303	−0.486%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0136%	1h	0.04318	−0.148%	$458K	$548K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04320	−0.086%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.253%	$3K	$38K	5.5x	as long as short
Lighter STRKlong	+0.0096%	1h	0.04324	long leg	$264K	$502K	5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04320	−0.090%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04320	−0.093%	$14.5M	$6.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04319	−0.110%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04320	−0.093%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04313	−0.256%	$12.4M	$44.6M	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	0.04309	−0.347%	$15.2M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04310	−0.324%	$4.7M	$19.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04313	−0.254%	$565K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04313	−0.254%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04316	−0.185%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04314	−0.236%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04313	−0.254%	—	$729K	—	as long as short
Backpack STRK_USDC_PERPshort	+0.0100%	1h	0.04314	−0.231%	$30K	$143K	10x
Variational Omni STRK	+0.0100%	4h	0.04312	−0.283%	$428K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04318	−0.139%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04422	+2.266%	$2K	$844K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04310	−0.318%	$121K	$659K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0213%	1h	0.04320	−0.093%	$8K	$44K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04317	−0.162%	$765K	$791K	75x	as long as short