Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.092%

Price spread now: Gate against Lighter−0.316%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1201.197% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.409%−$41 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.316%, 7d avg −0.101%

Together, before fees−0.351%+ Points / potential airdropLighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.216% cheaper against Lighter than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04424	0.0160	pay 0.0020% / 1h	57m 59s	$273K	$541K	5x
Short	Gate STRK_USDT	0.04410	0.0100	get 0.0050% / 4h	2h 57m	$593K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.316%Rate

Funding earned: −$12.6
Price spread: −0.316% → −0.101%: −$21.57
Slippage, 4 orders: −$104.74
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$153.91
Costs to cover: 1.197%
Break-even: never at this rate

Slippage from Lighter: live order book, 26 min ago; Gate: live order book, 5 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, 26 min ago	13.41 bp	23.5 bp −$24	63.8 bp −$638	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.52 bp	43.4 bp −$43	279.3 bp −$2,793	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	−0.0352%	1h	0.04387	−0.836%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04417	−0.170%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.602%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04414	−0.222%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04412	−0.271%	$15.2M	$7.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04413	−0.242%	$35K	$382K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04417	−0.147%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04408	−0.360%	$12.7M	$51.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04407	−0.384%	$15.5M	$21.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04407	−0.384%	$4.9M	$24.6M	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_USDTshort	+0.0100%	4h	0.04410	−0.316%	$593K	$1.4M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04409	−0.339%	$11.7M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04408	−0.362%	$1.5M	$2.0M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04409	−0.344%	$3.1M	$4.2M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04410	−0.316%	—	$723K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04409	−0.339%	$26K	$158K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04412	−0.281%	$260K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04427	+0.067%	$192K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04517	+2.102%	$2K	$818K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04407	−0.373%	$122K	$637K	10x	as long as short
BloFin STRK-USDT	+0.0115%	4h	0.04416	−0.181%	$781K	$733K	75x	as long as short
Lighter STRKlong	+0.0160%	1h	0.04424	long leg	$273K	$541K	5x
Kraken Futures PF_STRKUSD	+0.0337%	1h	0.04420	−0.102%	$470K	$514K	20x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0430%	1h	0.04417	−0.158%	$8K	$34K	25x	as long as short