Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.095%

Price spread now: OKX against Lighter−0.230%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$710.709% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.401%−$40 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.230%, 7d avg −0.075%

Together, before fees−0.371%+ Points / potential airdropLighter: Season 3 · farm board−$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and OKX is 0.156% cheaper against Lighter than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04341	0.0424	pay 0.0053% / 1h	12m 33s	$264K	$506K	5x
Short	OKX STRK-USDT-SWAP	0.04331	0.0100	get 0.0050% / 4h	3h 12m	$4.8M	$22.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.230%Rate

Funding earned: −$68.04
Price spread: −0.230% → −0.075%: −$15.56
Slippage, 4 orders: −$60.95
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$154.55
Costs to cover: 0.709%
Break-even: never at this rate

Slippage from Lighter: live order book, 53 min ago; OKX: live order book, 1 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, 53 min ago	9.13 bp	18.3 bp −$18	59.8 bp −$598	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.15 bp	18.8 bp −$19	109.9 bp −$1,099	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	−0.0576%	1h	0.04313	−0.645%	$61K	$94K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0403%	1h	0.04333	−0.180%	$462K	$526K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04334	−0.169%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.793%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04328	−0.294%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04336	−0.115%	$14.7M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04332	−0.206%	$33K	$335K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04332	−0.214%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04330	−0.253%	$12.3M	$48.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04327	−0.323%	$15.1M	$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-SWAPshort	+0.0100%	4h	0.04331	−0.230%	$4.8M	$22.5M	50x
Gate STRK_USDT	+0.0100%	4h	0.04330	−0.253%	$579K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04329	−0.276%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04332	−0.207%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04329	−0.274%	$3.0M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04329	−0.276%	—	$26.4M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04332	−0.207%	$23K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04323	−0.419%	$351K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04332	−0.207%	$185K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04436	+2.188%	$1K	$844K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04329	−0.287%	$120K	$663K	10x	as long as short
BloFin STRK-USDT	+0.0314%	4h	0.04336	−0.115%	$743K	$782K	75x	as long as short
Lighter STRKlong	+0.0424%	1h	0.04341	long leg	$264K	$506K	5x
Deribit STRK_USDC-PERPETUAL	+0.0673%	1h	0.04338	−0.069%	$8K	$44K	25x	as long as short