Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h −0.090%

Price spread now: MEXC against Lighter−0.228%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.392%−$39 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.228%, 7d avg −0.074%

Together, before fees−0.331%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and MEXC is 0.154% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.074%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04390	0.0640	pay 0.0080% / 1h	0m 41s	$271K	$507K	5x
Short	MEXC STRK_USDT	0.04380	0.0100	get 0.0050% / 4h	0m 41s	$12.4M	$2.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.228%Rate

Funding earned: −$113.4
Price spread: −0.228% → −0.074%: −$15.41
Slippage, 4 orders: −$46.33
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$179.14
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; MEXC: 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, 4 min ago	9.13 bp	18.3 bp −$18	59.8 bp −$598	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.14 bp	4.9 bp −$5	22.1 bp −$221	89.7 bp −$8,974	204.6 bp −$102.3K

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	−0.0584%	1h	0.04342	−1.093%	$62K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04378	−0.269%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.490%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04379	−0.258%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04383	−0.159%	$14.9M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04382	−0.183%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04380	−0.228%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04382	−0.188%	$12.5M	$49.3M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04374	−0.364%	$15.4M	$21.5M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04378	−0.273%	$4.9M	$23.0M	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	0.04380	−0.228%	$586K	$1.4M	50x	as long as short
MEXC STRK_USDTshort	+0.0100%	4h	0.04380	−0.228%	$12.4M	$2.2M	100x
KuCoin STRKUSDTM	+0.0100%	4h	0.04380	−0.228%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04378	−0.282%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04377	−0.296%	—	$26.4M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04377	−0.296%	$25K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04369	−0.480%	$353K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04369	−0.483%	$192K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04477	+1.982%	$2K	$835K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04379	−0.253%	$121K	$625K	10x	as long as short
BloFin STRK-USDT	+0.0119%	4h	0.04377	−0.296%	$749K	$728K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0435%	1h	0.04382	−0.182%	$8K	$44K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.0505%	1h	0.04378	−0.278%	$468K	$515K	20x	as long as short
Lighter STRKlong	+0.0640%	1h	0.04390	long leg	$271K	$507K	5x