Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.094%

Price spread now: Lighter against Paradex+0.315%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.315% dearer against Paradex than usual: you sell high and buy low, +$31 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	0.04309	0.0100	pay 0.0100% / 8h	5h 38m	$8K	$144	20x
Short	Lighter STRK	0.04323	0.0096	get 0.0012% / 1h	38m 51s	$264K	$503K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.315%Rate

Funding earned: −$0.82
Price spread: +0.315% → 0.000%: $31.48
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $26.66
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 16 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 Lighter live order book, 16 min ago	11.56 bp	14.0 bp −$14	70.1 bp −$701	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	−0.0952%	1h	0.04280	−0.683%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0370%	1h	0.04314	+0.112%	$453K	$529K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04312	+0.063%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.649%	$3K	$38K	5.5x	as long as short
Lighter STRKshort	+0.0096%	1h	0.04323	+0.315%	$264K	$503K	5x
Paradex STRK-USD-PERPlong	+0.0100%	8h	0.04309	long leg	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04319	+0.222%	$14.6M	$6.9M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04317	+0.168%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04314	+0.108%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04319	+0.214%	$12.3M	$46.2M	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	0.04318	+0.199%	$15.1M	$20.8M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04321	+0.268%	$4.7M	$20.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04313	+0.083%	$579K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04316	+0.152%	$12.2M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04317	+0.176%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04316	+0.155%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04318	+0.199%	—	$26.1M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04315	+0.129%	$24K	$137K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04310	+0.005%	$387K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04322	+0.285%	$187K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04410	+2.334%	$1K	$835K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04314	+0.113%	$119K	$660K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04315	+0.129%	$758K	$829K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0445%	1h	0.04319	+0.222%	$8K	$44K	25x	as long as short