Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.097%

Price spread now: Lighter against Aster+0.171%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1381.383% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.424%+$42 on $10k

Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.171%, 7d avg +0.122%

Together, before fees+0.255%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.050% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster STRKUSDT	0.04337	0.0100	pay 0.0050% / 4h	2h 20m	$33K	$328K	10x
Short	Lighter STRK	0.04344	0.0216	get 0.0027% / 1h	20m 49s	$265K	$506K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.171%Rate

Funding earned: $24.36
Price spread: +0.171% → +0.122%: $4.97
Slippage, 4 orders: −$130.32
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$109
Costs to cover: 1.383%
Break-even: 38.3 days

Slippage from Aster: live order book, 46 min ago; Lighter: live order book, 39 min ago.

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 Aster live order book, 46 min ago	16.07 bp	47.4 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 39 min ago	18.48 bp	23.2 bp −$23	88.0 bp −$880	doesn't fit	doesn't fit

STRK on 23 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	−0.0560%	1h	0.04277	−1.374%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0305%	1h	0.04336	−0.020%	$455K	$538K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04347	+0.246%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.913%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04343	+0.156%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04336	−0.013%	$14.7M	$7.1M	5x	as long as short
Aster STRKUSDTlong	+0.0100%	4h	0.04337	long leg	$33K	$328K	10x
Pacifica STRK	+0.0100%	1h	0.04348	+0.266%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04332	−0.102%	$12.3M	$47.4M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04329	−0.175%	$15.0M	$21.0M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04332	−0.105%	$4.7M	$21.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04340	+0.079%	$590K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04334	−0.059%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04337	+0.010%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04333	−0.087%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04336	−0.013%	—	$26.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04332	−0.105%	$24K	$146K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04334	−0.066%	$333K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04343	+0.147%	$186K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04443	+2.454%	$2K	$841K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04332	−0.098%	$121K	$661K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0211%	1h	0.04341	+0.102%	$8K	$44K	25x	as long as short
Lighter STRKshort	+0.0216%	1h	0.04344	+0.171%	$265K	$506K	5x