Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX−2.374%7-day average −2.468% · you buy dearer than you sell

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 3 days (all we have)−2.169%−$217 · spread now −2.374%, 7d avg −2.468%

Together, before fees−2.180%−$218 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.094% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −2.468%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STRK-USDT	0.04507	0.0100	pay 0.0050% / 4h	2h 16m	$2K	$816K	20x
Short	Bybit STRKUSDT	0.04400	0.0100	get 0.0050% / 4h	2h 16m	$15.6M	$21.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −2.374%Rate

Funding earned: $0
Price spread: −2.374% → −2.468%: $9.39
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$9.61
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 65 min ago; Bybit: live order book, 2 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 SunX live order book, 65 min ago	258.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.40 bp	17.7 bp −$18	51.9 bp −$519	doesn't fit	doesn't fit

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	−0.0352%	1h	0.04400	−2.374%	$63K	$91K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04410	−2.146%	$21K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04407	−2.219%	$8K	$24K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+12.492%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0056%	4h	0.04408	−2.197%	$786K	$728K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04404	−2.290%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04407	−2.219%	$15.2M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04406	−2.237%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04408	−2.199%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04402	−2.330%	$12.7M	$50.2M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDTshort	+0.0100%	4h	0.04400	−2.374%	$15.6M	$21.1M	50x
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04403	−2.308%	$4.9M	$23.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04407	−2.219%	$591K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04404	−2.285%	$11.6M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04402	−2.330%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04407	−2.214%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04403	−2.308%	—	$25.9M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04402	−2.330%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04416	−2.024%	$359K	$1.7M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04412	−2.104%	$190K	$3.5M	10x	as long as short
SunX STRK-USDTlong	+0.0100%	4h	0.04507	long leg	$2K	$816K	20x
Extended STRK-USD	+0.0104%	1h	0.04402	−2.320%	$122K	$626K	10x	as long as short
Lighter STRK	+0.0256%	1h	0.04414	−2.063%	$272K	$541K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0337%	1h	0.04414	−2.053%	$470K	$491K	20x	as long as short