Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.238%

Price spread now: dYdX against SunX−2.353%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 dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 2.353% cheaper against SunX than usual: you would sell low and buy high (−$235 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STRK-USDT	0.04430	0.0100	pay 0.0050% / 4h	2h 28m	$2K	$842K	20x
Short	dYdX STRK-USD	0.04326	0	get 0.0000% / 1h	28m 42s	$20K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −2.353%Rate

Funding earned: −$21
Price spread: −2.353% → 0.000%: −$235.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$274.29
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 13 min ago; dYdX: 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, 13 min ago	253.55 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 23 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	−0.0560%	1h	0.04277	−3.454%	$60K	$87K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0306%	1h	0.04323	−2.422%	$454K	$539K	20x	as long as short
dYdX STRK-USDshort	0.0000%	1h	0.04326	−2.353%	$20K	$24K	5x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.447%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04323	−2.422%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04325	−2.370%	$14.6M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04326	−2.343%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04325	−2.368%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04322	−2.437%	$12.3M	$47.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04319	−2.506%	$15.0M	$21.1M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04325	−2.370%	$4.7M	$21.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04326	−2.348%	$588K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04323	−2.415%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04326	−2.348%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04325	−2.366%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04322	−2.438%	—	$26.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04323	−2.415%	$23K	$146K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04322	−2.442%	$332K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04318	−2.528%	$187K	$3.6M	10x	as long as short
SunX STRK-USDTlong	+0.0100%	4h	0.04430	long leg	$2K	$842K	20x
Extended STRK-USD	+0.0104%	1h	0.04322	−2.430%	$121K	$661K	10x	as long as short
Lighter STRK	+0.0240%	1h	0.04331	−2.235%	$264K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0444%	1h	0.04325	−2.370%	$8K	$44K	25x	as long as short