Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Paradex+16.990%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 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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 16.990% dearer against Paradex than usual: you sell high and buy low (spread +16.990% now, against zero (this spread has no 7-day history yet)): +$1,699 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	Paradex STRK-USD-PERP	0.04334	0.0100	pay 0.0100% / 8h	7h 14m	$8K	$144	20x
Short	Injective STRK/USDC PERP	0.05070	0.0033	get 0.0004% / 1h	14m 37s	$3K	$38K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +16.990%Rate

Funding earned: −$14
Price spread: +16.990% → 0.000%: $1,699.01
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,680.99
Costs to cover: 0.040%
Break-even: from the start

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

Paradex and 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	−0.0576%	1h	0.04313	−0.478%	$61K	$94K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0402%	1h	0.04336	+0.060%	$462K	$526K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04333	−0.013%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERPshort	+0.0033%	1h	0.05070	+16.990%	$3K	$38K	5.5x
Paradex STRK-USD-PERPlong	+0.0100%	8h	0.04334	long leg	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04341	+0.168%	$14.7M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04336	+0.054%	$33K	$335K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04336	+0.048%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04335	+0.032%	$12.3M	$48.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04332	−0.039%	$15.1M	$21.5M	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	+0.030%	$4.8M	$22.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04336	+0.053%	$580K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04335	+0.030%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04337	+0.076%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04334	0.000%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04336	+0.053%	—	$26.4M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04333	−0.016%	$23K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04323	−0.251%	$351K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04324	−0.216%	$185K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04436	+2.361%	$1K	$843K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04335	+0.020%	$119K	$663K	10x	as long as short
BloFin STRK-USDT	+0.0237%	4h	0.04331	−0.062%	$744K	$781K	75x	as long as short
Lighter STRK	+0.0408%	1h	0.04345	+0.261%	$264K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0903%	1h	0.04340	+0.145%	$8K	$44K	25x	as long as short