Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Variational Omni+0.288%7-day average −0.125% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−3.943%−$394 · spread now +0.288%, 7d avg −0.125%

Together, before fees−3.935%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$394 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.413% dearer against Variational Omni than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRK	0.04283	0.0100	pay 0.0050% / 4h	14m 51s	$417K	$1.9M	—
Short	Extended STRK-USD	0.04295	0.0104	get 0.0013% / 1h	14m 51s	$119K	$876K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.288%Rate

Funding earned: $0.84
Price spread: +0.288% → −0.125%: $41.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $37.16
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Extended: live order book, 23 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 Variational Omni RFQ quote, 4 min ago	4.68 bp	doesn't fit	56.1 bp −$561	doesn't fit	doesn't fit
Sell Extended live order book, 23 min ago	4.64 bp	20.1 bp −$20	141.7 bp −$1,417	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	−0.1224%	1h	0.04247	−0.837%	$69K	$86K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04289	+0.147%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04288	+0.121%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.379%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04293	+0.237%	$255K	$441K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04285	+0.054%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04302	+0.447%	$14.1M	$5.9M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04299	+0.380%	$33K	$212K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04288	+0.121%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04296	+0.315%	$12.2M	$43.3M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04294	+0.261%	$14.9M	$19.7M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04296	+0.307%	$4.6M	$18.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04295	+0.284%	$571K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04295	+0.284%	$11.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04293	+0.237%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04297	+0.335%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04295	+0.284%	—	$9.7M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04292	+0.214%	$28K	$143K	10x	as long as short
Variational Omni STRKlong	+0.0100%	4h	0.04283	long leg	$417K	$1.9M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04284	+0.039%	$183K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04385	+2.385%	$2K	$884K	20x	as long as short
Extended STRK-USDshort	+0.0104%	1h	0.04295	+0.288%	$119K	$876K	10x
Kraken Futures PF_STRKUSD	+0.0336%	1h	0.04286	+0.079%	$445K	$501K	20x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04282	−0.020%	$654K	$765K	75x	as long as short