Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against MEXC−0.159%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.130%+$13 · spread now −0.159%, 7d avg −0.051%

Together, before fees+0.128%+$13 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: Bybit is 0.108% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STRK_USDT	0.04398	0.0100	pay 0.0050% / 4h	2h 47m	$11.6M	$2.2M	100x
Short	Bybit STRKUSDT	0.04391	0.0100	get 0.0050% / 4h	2h 47m	$15.4M	$21.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.159%Rate

Funding earned: $0
Price spread: −0.159% → −0.051%: −$10.83
Slippage, 4 orders: −$37.15
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$62.97
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: 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 MEXC live order book, 1 min ago	1.14 bp	5.7 bp −$6	22.7 bp −$227	96.2 bp −$9,618	210.4 bp −$105.2K
Sell Bybit live order book, 1 min ago	1.14 bp	18.5 bp −$18	62.8 bp −$628	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	0.04374	−0.546%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04397	−0.023%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.280%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04394	−0.099%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04401	+0.068%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04399	+0.029%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04398	+0.005%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04396	−0.041%	$12.7M	$50.5M	75x	as long as short
Bybit STRKUSDTshort	+0.0100%	4h	0.04391	−0.159%	$15.4M	$21.1M	50x
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04395	−0.068%	$4.9M	$23.9M	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	0.04398	0.000%	$592K	$1.4M	50x	as long as short
MEXC STRK_USDTlong	+0.0100%	4h	0.04398	long leg	$11.6M	$2.2M	100x
KuCoin STRKUSDTM	+0.0100%	4h	0.04395	−0.068%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04395	−0.068%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04394	−0.091%	—	$30.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04397	−0.023%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04393	−0.125%	$259K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04399	+0.024%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04501	+2.342%	$1K	$811K	20x	as long as short
BloFin STRK-USDT	+0.0104%	4h	0.04399	+0.023%	$778K	$721K	75x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04394	−0.089%	$122K	$626K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0205%	1h	0.04402	+0.091%	$8K	$24K	25x	as long as short
Lighter STRK	+0.0232%	1h	0.04407	+0.205%	$272K	$541K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0338%	1h	0.04405	+0.165%	$469K	$495K	20x	as long as short