Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.085%

Price spread now: Lighter against SunX−1.999%7-day average −2.258% · you buy dearer than you sell

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.377%+$38 on $10k

Price spread, last 3 days (all we have)−2.303%−$230 · spread now −1.999%, 7d avg −2.258%

Together, before fees−1.926%+ Points / potential airdropLighter: Season 3 · farm board−$193 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.259% dearer against SunX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −2.258%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STRK-USDT	0.04503	0.0100	pay 0.0050% / 4h	2h 48m	$2K	$812K	20x
Short	Lighter STRK	0.04413	0.0256	get 0.0032% / 1h	48m 06s	$272K	$541K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −1.999%Rate

Funding earned: $32.76
Price spread: −1.999% → −2.258%: $25.92
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $50.68
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 34 min ago; Lighter: live order book, 36 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, 34 min ago	258.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 36 min ago	13.41 bp	18.6 bp −$19	68.7 bp −$687	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	0.04374	−2.865%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04404	−2.198%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+12.592%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04402	−2.241%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04405	−2.176%	$15.2M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04406	−2.156%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04403	−2.219%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04401	−2.274%	$12.7M	$50.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04395	−2.398%	$15.4M	$21.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04395	−2.398%	$4.9M	$24.0M	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	0.04398	−2.332%	$592K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04402	−2.243%	$11.6M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04398	−2.332%	$1.5M	$2.0M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04396	−2.376%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04400	−2.287%	—	$724K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04402	−2.243%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04393	−2.453%	$259K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04398	−2.332%	$189K	$3.5M	10x	as long as short
SunX STRK-USDTlong	+0.0100%	4h	0.04503	long leg	$2K	$812K	20x
Extended STRK-USD	+0.0104%	1h	0.04394	−2.418%	$122K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0154%	4h	0.04402	−2.243%	$778K	$721K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0204%	1h	0.04408	−2.110%	$8K	$24K	25x	as long as short
Lighter STRKshort	+0.0256%	1h	0.04413	−1.999%	$272K	$541K	5x
Kraken Futures PF_STRKUSD	+0.0337%	1h	0.04408	−2.106%	$469K	$495K	20x	as long as short