Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.186%

Price spread now: Deribit against Variational Omni+0.233%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.233% dearer against Variational Omni than usual: you sell high and buy low (spread +0.233% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRK	0.04432	0.0100	pay 0.0050% / 4h	3h 06m	$360K	$1.5M	—
Short	Deribit STRK_USDC-PERPETUAL	0.04442	0	get 0.0000% / 1h	6m 46s	$8K	$34K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now +0.233%Rate

Funding earned: −$21
Price spread: +0.233% → 0.000%: $23.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$4.66
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago	5.65 bp	doesn't fit	46.4 bp −$464	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	−0.0304%	1h	0.04415	−0.376%	$63K	$91K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0234%	1h	0.04443	+0.248%	$473K	$515K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04436	+0.100%	$21K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUALshort	0.0000%	1h	0.04442	+0.233%	$8K	$34K	25x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.404%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0096%	4h	0.04437	+0.121%	$794K	$739K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04433	+0.035%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04439	+0.166%	$15.3M	$7.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04435	+0.073%	$35K	$382K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04437	+0.121%	$43K	$49K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04433	+0.030%	$12.9M	$51.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04431	−0.015%	$15.6M	$21.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04429	−0.060%	$4.9M	$24.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04436	+0.098%	$597K	$1.6M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04435	+0.075%	$11.7M	$2.3M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04433	+0.030%	$1.5M	$2.0M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04433	+0.028%	$3.1M	$4.2M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04433	+0.030%	—	$30.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04434	+0.053%	$26K	$158K	10x	as long as short
Variational Omni STRKlong	+0.0100%	4h	0.04432	long leg	$360K	$1.5M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04426	−0.128%	$192K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04539	+2.422%	$2K	$817K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04429	−0.058%	$123K	$636K	10x	as long as short
Lighter STRK	+0.0232%	1h	0.04444	+0.279%	$274K	$606K	5x	as long as short