Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0105%/8h= +11.4% APRpaid last 24h +0.177%

Price spread now: Deribit against SunX−2.200%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 2.200% cheaper against SunX than usual: you would sell low and buy high (spread −2.200% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$220 on $10k: about 2 months of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STRK-USDT	0.04501	0.0100	pay 0.0050% / 4h	2h 52m	$1K	$815K	20x
Short	Deribit STRK_USDC-PERPETUAL	0.04402	0.0205	get 0.0026% / 1h	52m 11s	$8K	$24K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −2.200%Rate

Funding earned: $21.96
Price spread: −2.200% → 0.000%: −$219.95
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$213
Costs to cover: 0.150%
Break-even: 74.9 days

Slippage unknown: SunX: live order book, 29 min ago; Deribit: 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 SunX live order book, 29 min ago	258.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0352%	1h	0.04374	−2.822%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04404	−2.155%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+12.642%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04398	−2.279%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04400	−2.244%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04401	−2.221%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04403	−2.182%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04396	−2.331%	$12.7M	$51.1M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04392	−2.422%	$15.4M	$21.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04392	−2.422%	$4.9M	$24.3M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04399	−2.266%	$592K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04398	−2.288%	$11.7M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04395	−2.355%	$1.5M	$2.0M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04397	−2.308%	$3.1M	$4.2M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04396	−2.333%	—	$30.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04397	−2.311%	$25K	$154K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04405	−2.122%	$260K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04417	−1.861%	$191K	$3.5M	10x	as long as short
SunX STRK-USDTlong	+0.0100%	4h	0.04501	long leg	$1K	$815K	20x
Extended STRK-USD	+0.0104%	1h	0.04395	−2.353%	$122K	$636K	10x	as long as short
BloFin STRK-USDT	+0.0122%	4h	0.04401	−2.222%	$777K	$729K	75x	as long as short
Deribit STRK_USDC-PERPETUALshort	+0.0205%	1h	0.04402	−2.200%	$8K	$24K	25x
Lighter STRK	+0.0336%	1h	0.04409	−2.044%	$272K	$541K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0337%	1h	0.04411	−2.000%	$469K	$506K	20x	as long as short