Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: Hyperliquid against MEXC+0.116%7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.330%+$33 on $10k

Price spread, last 7 days+0.049%+$5 · spread now +0.116%, 7d avg +0.149%

Together, before fees+0.379%+ Points / potential airdropHyperliquid: Season 2 · farm board+$38 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: Hyperliquid is 0.033% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STRK_USDT	0.04311	0.0100	pay 0.0050% / 4h	3h 32m	$12.1M	$2.0M	100x
Short	Hyperliquid STRK	0.04316	0.0100	get 0.0013% / 1h	32m 51s	$14.5M	$6.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → +0.149%: −$3.32
Slippage, 4 orders: −$36.69
Fee MEXC: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$53
Costs to cover: 0.497%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Hyperliquid: live order book, 10 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	1.16 bp	9.6 bp −$10	25.3 bp −$253	90.4 bp −$9,045	190.3 bp −$95.1K
Sell Hyperliquid live order book, 10 min ago	3.47 bp	14.6 bp −$15	33.4 bp −$334	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	−0.1032%	1h	0.04289	−0.510%	$75K	$98K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04308	−0.076%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.606%	$3K	$38K	5.5x	as long as short
Kraken Futures PF_STRKUSD	+0.0059%	1h	0.04314	+0.073%	$454K	$570K	20x	as long as short
Lighter STRK	+0.0096%	1h	0.04321	+0.232%	$264K	$464K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04307	−0.096%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04316	+0.116%	$14.5M	$6.3M	5x
Aster STRKUSDT	+0.0100%	4h	0.04311	+0.002%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04310	−0.023%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04312	+0.023%	$12.3M	$44.7M	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	0.04309	−0.046%	$15.2M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04311	0.000%	$4.7M	$19.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04309	−0.046%	$568K	$1.4M	50x	as long as short
MEXC STRK_USDTlong	+0.0100%	4h	0.04311	long leg	$12.1M	$2.0M	100x
KuCoin STRKUSDTM	+0.0100%	4h	0.04311	0.000%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04314	+0.067%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04311	0.000%	—	$9.2M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04312	+0.023%	$30K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04298	−0.307%	$427K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04308	−0.070%	$190K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04414	+2.389%	$1K	$847K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04309	−0.041%	$119K	$658K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0214%	1h	0.04316	+0.116%	$8K	$44K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04313	+0.046%	$735K	$775K	75x	as long as short