Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.085%

Price spread now: Binance against Lighter−0.292%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.386%−$39 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now −0.292%, 7d avg −0.096%

Together, before fees−0.201%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Binance is 0.196% cheaper against Lighter than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.096%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04412	0.0256	pay 0.0032% / 1h	48m 35s	$272K	$541K	5x
Short	Binance STRKUSDT	0.04399	0.0100	get 0.0050% / 4h	2h 48m	$12.7M	$50.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.292%Rate

Funding earned: −$32.76
Price spread: −0.292% → −0.096%: −$19.59
Slippage, 4 orders: −$56.15
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$118.5
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from Lighter: live order book, 36 min ago; Binance: live order book, 9 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, 36 min ago	13.41 bp	23.5 bp −$24	63.8 bp −$638	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.13 bp	12.8 bp −$13	39.1 bp −$391	417.0 bp −$41.7K	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	−0.0352%	1h	0.04374	−0.861%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04404	−0.180%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.914%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04402	−0.225%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04403	−0.204%	$15.2M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04403	−0.208%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04403	−0.202%	$42K	$49K	5x	as long as short
Binance STRKUSDTshort	+0.0100%	4h	0.04399	−0.292%	$12.7M	$50.6M	75x
Bybit STRKUSDT	+0.0100%	4h	0.04395	−0.385%	$15.4M	$21.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04396	−0.363%	$4.9M	$24.0M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04397	−0.340%	$592K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04403	−0.204%	$11.6M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04398	−0.317%	$1.5M	$2.0M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04400	−0.267%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04398	−0.317%	—	$30.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04401	−0.249%	$25K	$153K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04393	−0.441%	$259K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04398	−0.317%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04505	+2.108%	$2K	$815K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04397	−0.337%	$122K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0154%	4h	0.04402	−0.227%	$778K	$721K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0204%	1h	0.04407	−0.113%	$8K	$24K	25x	as long as short
Lighter STRKlong	+0.0256%	1h	0.04412	long leg	$272K	$541K	5x
Kraken Futures PF_STRKUSD	+0.0337%	1h	0.04408	−0.095%	$469K	$496K	20x	as long as short