Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0078%/8h= −8.6% APRpaid last 24h 0.000%

Price spread now: Bybit against Pacifica−0.137%7-day average — · you buy dearer than you sell

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

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.137% cheaper against Pacifica than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica STRK	0.04387	0.0100	pay 0.0013% / 1h	0m 25s	$44K	$69K	5x
Short	Bybit STRKUSDT	0.04381	0.0022	get 0.0011% / 4h	1h 00m	$15.4M	$21.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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 PacificabpFee BybitbpOrdersPrice spread, now −0.137%Rate

Funding earned: −$16.43
Price spread: −0.137% → 0.000%: −$13.68
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$49.11
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Bybit: live order book, 3 min ago. 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 Pacifica no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	1.14 bp	14.8 bp −$15	48.1 bp −$481	doesn't fit	doesn't fit

Pacifica: 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	−0.0592%	1h	0.04355	−0.729%	$62K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04385	−0.038%	$20K	$24K	5x	as long as short
Bybit STRKUSDTshort	+0.0022%	4h	0.04381	−0.137%	$15.4M	$21.4M	50x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.569%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0060%	4h	0.04378	−0.205%	$753K	$717K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04385	−0.046%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04385	−0.046%	$15.0M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04387	−0.002%	$34K	$361K	10x	as long as short
Pacifica STRKlong	+0.0100%	1h	0.04387	long leg	$44K	$69K	5x
Binance STRKUSDT	+0.0100%	4h	0.04385	−0.046%	$12.6M	$49.8M	75x	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	0.04382	−0.114%	$4.9M	$23.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04386	−0.023%	$585K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04385	−0.046%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04385	−0.046%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04387	−0.002%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04384	−0.068%	—	$26.1M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04381	−0.137%	$25K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04364	−0.526%	$258K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04370	−0.387%	$194K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04479	+2.097%	$1K	$830K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04383	−0.100%	$121K	$626K	10x	as long as short
Lighter STRK	+0.0352%	1h	0.04397	+0.228%	$271K	$541K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0664%	1h	0.04382	−0.114%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.1172%	1h	0.04379	−0.193%	$469K	$511K	20x	as long as short