Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0342%/8h= +37.5% APRpaid last 24h +0.135%

Price spread now: Deribit against Paradex−0.031%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Deribit is 0.031% cheaper against Paradex than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex STRK-USD-PERP	0.04338	0.0100	pay 0.0100% / 8h	1h 37m	$8K	$144	20x
Short	Deribit STRK_USDC-PERPETUAL	0.04337	0.0442	get 0.0055% / 1h	37m 08s	$8K	$43K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.031%Rate

Funding earned: $71.91
Price spread: −0.031% → 0.000%: −$3.15
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $57.76
Costs to cover: 0.110%
Break-even: 1.4 days

Slippage unknown: Paradex: no order-book sample; Deribit: 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Paradex and Deribit: 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	−0.0992%	1h	0.04309	−0.677%	$70K	$103K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0049%	1h	0.04337	−0.031%	$448K	$599K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04336	−0.048%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.864%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04341	+0.061%	$259K	$442K	5x	as long as short
Paradex STRK-USD-PERPlong	+0.0100%	8h	0.04338	long leg	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04337	−0.031%	$14.3M	$6.1M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04336	−0.055%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04340	+0.028%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04333	−0.116%	$12.3M	$44.6M	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	0.04333	−0.124%	$15.1M	$20.3M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04333	−0.124%	$4.7M	$19.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04335	−0.078%	$581K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04334	−0.101%	$11.5M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04337	−0.031%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04332	−0.156%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04334	−0.101%	—	$10.1M	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04333	−0.130%	$426K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04334	−0.092%	$184K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04439	+2.320%	$2K	$878K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04332	−0.137%	$121K	$482K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0170%	1h	0.04333	−0.124%	$29K	$146K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04332	−0.147%	$676K	$783K	75x	as long as short
Deribit STRK_USDC-PERPETUALshort	+0.0442%	1h	0.04337	−0.031%	$8K	$43K	25x