Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.049%

Price spread now: Hyperliquid against Variational Omni+0.005%7-day average +0.159% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.305%+$31 on $10k

Price spread, last 7 days+0.210%+$21 · spread now +0.005%, 7d avg +0.159%

Together, before fees+0.515%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$52 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: Hyperliquid is 0.154% cheaper against Variational Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRK	0.04416	0.0100	pay 0.0050% / 4h	2h 18m	$359K	$1.7M	—
Short	Hyperliquid STRK	0.04416	0.0100	get 0.0013% / 1h	18m 37s	$15.2M	$7.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.159%: −$15.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$24.4
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; Hyperliquid: live order book, 4 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, just now	5.67 bp	doesn't fit	64.6 bp −$646	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	1.13 bp	11.2 bp −$11	32.7 bp −$327	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	0.04405	−0.244%	$63K	$91K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04414	−0.044%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.816%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04411	−0.116%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04416	+0.005%	$15.2M	$7.2M	5x
Aster STRKUSDT	+0.0100%	4h	0.04411	−0.103%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04414	−0.035%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04412	−0.083%	$12.7M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04410	−0.130%	$15.6M	$21.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04410	−0.130%	$4.9M	$23.7M	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	0.04410	−0.130%	$592K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04414	−0.040%	$11.6M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04412	−0.085%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04413	−0.065%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04410	−0.130%	—	$723K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04413	−0.062%	$25K	$152K	10x	as long as short
Variational Omni STRKlong	+0.0100%	4h	0.04416	long leg	$359K	$1.7M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04429	+0.294%	$191K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04517	+2.293%	$2K	$816K	20x	as long as short
BloFin STRK-USDT	+0.0102%	4h	0.04416	+0.005%	$784K	$729K	75x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04409	−0.152%	$122K	$626K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0203%	1h	0.04416	+0.005%	$8K	$24K	25x	as long as short
Lighter STRK	+0.0248%	1h	0.04423	+0.164%	$273K	$541K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0336%	1h	0.04425	+0.207%	$471K	$491K	20x	as long as short