Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.080%

Price spread now: dYdX against Paradex+0.012%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on dYdX

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex STRK-USD-PERP	0.04312	0.0100	pay 0.0100% / 8h	7h 56m	$8K	$144	20x
Short	dYdX STRK-USD	0.04313	0	get 0.0000% / 1h	56m 08s	$20K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$20.99
Price spread: +0.012% → 0.000%: $1.22
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$33.77
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; dYdX: 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 dYdX no order-book sample	—	—	—	—	—

Paradex and dYdX: 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	−0.1448%	1h	0.04263	−1.143%	$69K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0330%	1h	0.04308	−0.106%	$448K	$486K	20x	as long as short
dYdX STRK-USDshort	0.0000%	1h	0.04313	+0.012%	$20K	$24K	5x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.571%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04310	−0.053%	$256K	$439K	5x	as long as short
Paradex STRK-USD-PERPlong	+0.0100%	8h	0.04312	long leg	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04313	+0.017%	$14.1M	$5.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04306	−0.146%	$33K	$212K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04316	+0.089%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04304	−0.201%	$12.3M	$43.1M	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	0.04300	−0.285%	$14.9M	$19.6M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04302	−0.238%	$4.6M	$18.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04310	−0.053%	$571K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04305	−0.169%	$11.4M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04307	−0.123%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04303	−0.206%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04301	−0.262%	—	$735K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04294	−0.426%	$418K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04304	−0.192%	$184K	$3.4M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04414	+2.359%	$1K	$886K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04307	−0.114%	$120K	$878K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0170%	1h	0.04300	−0.285%	$27K	$143K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04308	−0.099%	$654K	$766K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0446%	1h	0.04312	−0.007%	$8K	$43K	25x	as long as short