Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.092%

Price spread now: Lighter against Variational Omni+0.214%7-day average +0.043% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.363%+$36 on $10k

Price spread, last 4 days (all we have)−1.911%−$191 · spread now +0.214%, 7d avg +0.043%

Together, before fees−1.548%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$155 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Lighter is 0.171% dearer against Variational Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRK	0.04412	0.0100	pay 0.0050% / 4h	2h 56m	$260K	$1.6M	—
Short	Lighter STRK	0.04421	0.0368	get 0.0046% / 1h	56m 10s	$273K	$541K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.214%Rate

Funding earned: $56.28
Price spread: +0.214% → +0.043%: $17.1
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $73.38
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 28 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, 3 min ago	5.66 bp	doesn't fit	44.2 bp −$442	doesn't fit	doesn't fit
Sell Lighter live order book, 28 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	0.04387	−0.557%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04412	−0.001%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.925%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0058%	4h	0.04408	−0.081%	$789K	$732K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04410	−0.044%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04413	+0.033%	$15.2M	$7.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04413	+0.023%	$35K	$382K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04412	+0.017%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04410	−0.039%	$12.7M	$51.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04406	−0.126%	$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	0.04407	−0.104%	$4.9M	$24.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04410	−0.036%	$593K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04410	−0.036%	$11.7M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04407	−0.104%	$1.5M	$2.0M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04410	−0.042%	$3.1M	$4.2M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04406	−0.126%	—	$30.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04410	−0.036%	$26K	$153K	10x	as long as short
Variational Omni STRKlong	+0.0100%	4h	0.04412	long leg	$260K	$1.6M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04417	+0.123%	$191K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04513	+2.299%	$2K	$818K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04408	−0.080%	$122K	$636K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0337%	1h	0.04419	+0.161%	$470K	$507K	20x	as long as short
Lighter STRKshort	+0.0368%	1h	0.04421	+0.214%	$273K	$541K	5x
Deribit STRK_USDC-PERPETUAL	+0.0657%	1h	0.04415	+0.078%	$8K	$24K	25x	as long as short