Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against SunX+12.342%61s7-day average — · you sell dearer than you buy

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

Long on SunX 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—needs both histories

The price spread pays, funding is against you. Injective is 12.342% dearer against SunX than usual: you sell high and buy low (spread +12.342% now, against zero (this spread has no 7-day history yet)): +$1,234 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 months. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STRK-USDT	0.04513	0.0100	pay 0.0050% / 4h	2h 55m	$2K	$818K	20x
Short	Injective STRK/USDC PERP	0.05070	0.0033	get 0.0004% / 1h	55m 52s	$3K	$38K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +12.342%Rate

Funding earned: −$14
Price spread: +12.342% → 0.000%: $1,234.21
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,212.19
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 26 min ago; 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 SunX live order book, 26 min ago	258.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0352%	1h	0.04387	−2.792%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04412	−2.249%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERPshort	+0.0033%	1h	0.05070	+12.342%	$3K	$38K	5.5x
BloFin STRK-USDT	+0.0058%	4h	0.04408	−2.327%	$789K	$732K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04410	−2.291%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04413	−2.216%	$15.2M	$7.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04412	−2.229%	$35K	$382K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04412	−2.231%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04413	−2.216%	$12.8M	$51.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04408	−2.327%	$15.5M	$21.2M	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	0.04409	−2.304%	$4.9M	$24.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04410	−2.282%	$593K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04410	−2.282%	$11.7M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04407	−2.349%	$1.5M	$2.0M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04410	−2.289%	$3.1M	$4.2M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04411	−2.260%	—	$30.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04410	−2.282%	$26K	$153K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04412	−2.248%	$260K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04417	−2.127%	$191K	$3.5M	10x	as long as short
SunX STRK-USDTlong	+0.0100%	4h	0.04513	long leg	$2K	$818K	20x
Extended STRK-USD	+0.0104%	1h	0.04407	−2.349%	$122K	$636K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0337%	1h	0.04419	−2.091%	$470K	$507K	20x	as long as short
Lighter STRK	+0.0368%	1h	0.04421	−2.039%	$273K	$541K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0657%	1h	0.04415	−2.172%	$8K	$24K	25x	as long as short