Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.010%

Price spread now: Hyperliquid against Paradex+0.214%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.214% dearer against Paradex than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex STRK-USD-PERP	0.04238	0.0099	pay 0.0099% / 8h	2h 39m	$8K	$144	20x
Short	Hyperliquid STRK	0.04247	0.0100	get 0.0013% / 1h	39m 10s	$14.1M	$6.4M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.214%Rate

Funding earned: $0.18
Price spread: +0.214% → 0.000%: $21.44
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $8.62
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 4 min ago	1.18 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit

Paradex: 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	−0.0904%	1h	0.04231	−0.163%	$69K	$99K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0192%	1h	0.04244	+0.134%	$444K	$583K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04243	+0.124%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04244	+0.144%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.634%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04252	+0.332%	$253K	$442K	5x	as long as short
Paradex STRK-USD-PERPlong	+0.0099%	8h	0.04238	long leg	$8K	$144	20x
Hyperliquid STRKshort	+0.0100%	1h	0.04247	+0.214%	$14.1M	$6.4M	5x
Aster STRKUSDT	+0.0100%	4h	0.04243	+0.123%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04244	+0.148%	$42K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04243	+0.120%	$11.9M	$44.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04239	+0.026%	$14.8M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04244	+0.144%	$4.6M	$19.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04242	+0.096%	$560K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04244	+0.144%	$11.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04245	+0.167%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04244	+0.141%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04243	+0.120%	—	$726K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04243	+0.120%	$26K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04239	+0.034%	$417K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04246	+0.180%	$185K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04339	+2.385%	$2K	$865K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04241	+0.083%	$121K	$471K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04243	+0.120%	$689K	$753K	75x	as long as short