Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.085%

Price spread now: KuCoin against Lighter−0.181%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1000.998% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.506%−$51 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.181%, 7d avg −0.056%

Together, before fees−0.569%+ Points / potential airdropLighter: Season 3 · farm board−$57 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.125% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04432	0.0224	pay 0.0028% / 1h	21m 31s	$273K	$541K	5x
Short	KuCoin STRKUSDTM	0.04424	0.0100	get 0.0050% / 4h	2h 21m	$1.5M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.181%Rate

Funding earned: −$26.04
Price spread: −0.181% → −0.056%: −$12.48
Slippage, 4 orders: −$87.79
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$138.31
Costs to cover: 0.998%
Break-even: never at this rate

Slippage from Lighter: live order book, 63 min ago; KuCoin: 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, 63 min ago	13.41 bp	23.5 bp −$24	63.8 bp −$638	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	4.51 bp	25.6 bp −$26	73.8 bp −$738	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	0.04425	−0.158%	$63K	$91K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04427	−0.122%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.395%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04419	−0.285%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04422	−0.226%	$15.2M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04423	−0.203%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04425	−0.165%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04419	−0.293%	$12.8M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04417	−0.338%	$15.7M	$21.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04417	−0.338%	$4.9M	$23.8M	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	0.04420	−0.271%	$593K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04424	−0.181%	$11.7M	$2.2M	100x	as long as short
KuCoin STRKUSDTMshort	+0.0100%	4h	0.04424	−0.181%	$1.5M	$1.9M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04419	−0.305%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04419	−0.293%	—	$723K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04424	−0.181%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04439	+0.166%	$360K	$1.7M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04429	−0.074%	$191K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04530	+2.211%	$2K	$816K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04418	−0.316%	$123K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0124%	4h	0.04429	−0.068%	$786K	$727K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0202%	1h	0.04431	−0.023%	$8K	$24K	25x	as long as short
Lighter STRKlong	+0.0224%	1h	0.04432	long leg	$273K	$541K	5x
Kraken Futures PF_STRKUSD	+0.0335%	1h	0.04438	+0.127%	$472K	$492K	20x	as long as short