Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.092%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.092%, 7d avg −0.001%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.091% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STRK_USDT	0.04333	0.0100	pay 0.0050% / 4h	28m 00s	$12.2M	$2.0M	100x
Short	BingX STRK-USDT	0.04329	0.0100	get 0.0050% / 4h	28m 00s	—	$26.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.001%: −$9.14
Slippage, 4 orders: −$34.06
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$57.2
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 11 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 MEXC live order book, 5 min ago	1.15 bp	9.0 bp −$9	30.0 bp −$300	97.1 bp −$9,706	209.1 bp −$104.6K
Sell BingX live order book, 11 min ago	3.48 bp	15.3 bp −$15	35.7 bp −$357	293.1 bp −$29.3K	744.6 bp −$372.3K

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	−0.0976%	1h	0.04332	−0.023%	$75K	$99K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0136%	1h	0.04334	+0.033%	$459K	$551K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04338	+0.120%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.009%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04338	+0.115%	$265K	$501K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04334	+0.032%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04334	+0.023%	$14.6M	$6.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04331	−0.044%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04339	+0.148%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04332	−0.016%	$12.4M	$45.1M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04327	−0.138%	$15.2M	$20.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04331	−0.046%	$4.7M	$20.2M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04326	−0.162%	$567K	$1.4M	50x	as long as short
MEXC STRK_USDTlong	+0.0100%	4h	0.04333	long leg	$12.2M	$2.0M	100x
KuCoin STRKUSDTM	+0.0100%	4h	0.04332	−0.023%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04331	−0.046%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDTshort	+0.0100%	4h	0.04329	−0.092%	—	$26.1M	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04328	−0.115%	$30K	$145K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04338	+0.121%	$430K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04350	+0.394%	$191K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04439	+2.446%	$2K	$843K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04331	−0.038%	$120K	$659K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04345	+0.277%	$756K	$836K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0443%	1h	0.04333	0.000%	$8K	$44K	25x	as long as short