Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against MEXC+16.793%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 16.793% dearer against MEXC than usual: you sell high and buy low (spread +16.793% now, against zero (this spread has no 7-day history yet)): +$1,679 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STRK_USDT	0.04341	0.0100	pay 0.0050% / 4h	50m 41s	$12.2M	$2.0M	100x
Short	Injective STRK/USDC PERP	0.05070	0.0033	get 0.0004% / 1h	50m 41s	$3K	$38K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +16.793%Rate

Funding earned: −$14
Price spread: +16.793% → 0.000%: $1,679.34
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,661.32
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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, 3 min ago	1.15 bp	8.4 bp −$8	23.7 bp −$237	92.4 bp −$9,242	154.4 bp −$77.2K
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.04290	−1.175%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0136%	1h	0.04337	−0.088%	$452K	$524K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04341	−0.008%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERPshort	+0.0033%	1h	0.05070	+16.793%	$3K	$38K	5.5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04335	−0.142%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04346	+0.115%	$14.6M	$6.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04344	+0.074%	$33K	$269K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04341	+0.007%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04336	−0.123%	$12.4M	$45.5M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04333	−0.184%	$15.3M	$20.4M	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-SWAP	+0.0100%	4h	0.04335	−0.138%	$4.7M	$20.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04340	−0.023%	$569K	$1.3M	50x	as long as short
MEXC STRK_USDTlong	+0.0100%	4h	0.04341	long leg	$12.2M	$2.0M	100x
KuCoin STRKUSDTM	+0.0100%	4h	0.04343	+0.046%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04342	+0.018%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04342	+0.023%	—	$730K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04333	−0.190%	$429K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04345	+0.103%	$189K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04437	+2.211%	$2K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04341	−0.003%	$120K	$663K	10x	as long as short
Lighter STRK	+0.0144%	1h	0.04345	+0.092%	$265K	$501K	5x	as long as short
Backpack STRK_USDC_PERP	+0.0190%	1h	0.04336	−0.115%	$30K	$144K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0211%	1h	0.04339	−0.046%	$8K	$43K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04336	−0.115%	$761K	$833K	75x	as long as short