Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.095%

Price spread now: Bitget against Lighter−0.292%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$960.963% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.389%−$39 on $10k

Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.292%, 7d avg −0.089%

Together, before fees−0.182%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.203% cheaper against Lighter than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.089%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04312	0.0344	pay 0.0043% / 1h	55m 16s	$262K	$503K	5x
Short	Bitget STRKUSDT	0.04299	0.0100	get 0.0050% / 4h	2h 55m	$3.0M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.292%Rate

Funding earned: −$51.24
Price spread: −0.292% → −0.089%: −$20.28
Slippage, 4 orders: −$84.27
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$167.79
Costs to cover: 0.963%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Bitget: live order book, 3 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, 5 min ago	18.48 bp	36.3 bp −$36	73.3 bp −$733	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.51 bp	22.1 bp −$22	41.9 bp −$419	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	−0.0560%	1h	0.04294	−0.417%	$60K	$92K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0307%	1h	0.04304	−0.197%	$456K	$529K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04305	−0.168%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.579%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04306	−0.140%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04308	−0.093%	$14.6M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04303	−0.198%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04307	−0.116%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04303	−0.218%	$12.2M	$48.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04301	−0.255%	$15.0M	$21.5M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04304	−0.186%	$4.7M	$22.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04300	−0.278%	$576K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04300	−0.278%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04304	−0.186%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDTshort	+0.0100%	4h	0.04299	−0.292%	$3.0M	$4.0M	75x
BingX STRK-USDT	+0.0100%	4h	0.04300	−0.278%	—	$26.4M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04301	−0.255%	$23K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04301	−0.259%	$349K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04309	−0.069%	$192K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04403	+2.110%	$2K	$847K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04299	−0.295%	$119K	$663K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04306	−0.139%	$743K	$820K	75x	as long as short
Lighter STRKlong	+0.0344%	1h	0.04312	long leg	$262K	$503K	5x
Deribit STRK_USDC-PERPETUAL	+0.0680%	1h	0.04306	−0.139%	$8K	$44K	25x	as long as short