STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0300%/8h= +32.8% APRnext payment +$0.37 per $10,000 · paid last 24h +0.055%

Price spread now: Lighter against Backpack+0.296%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$800.801% of the position

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.302%−$30 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.296%, 7d avg +0.078%

Together, before fees−0.485%+ Points / potential airdropLighter: Season 3 · farm board−$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.218% dearer against Backpack than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.078%. Mind the row above: over the last 7 days funding on this pair cost −0.302%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack STRK_USDC_PERP	0.04394	0.0100	pay 0.0013% / 1h	28m 36s	$25K	$150K	10x
Short	Lighter STRK	0.04407	0.0400	get 0.0050% / 1h	28m 36s	$272K	$540K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now +0.296%Rate

Funding earned: $63
Price spread: +0.296% → +0.078%: $21.78
Slippage, 4 orders: −$70.06
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.72
Costs to cover: 0.801%
Break-even: 6.5 days

Slippage from Backpack: live order book, 54 min ago; Lighter: live order book, 47 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 Backpack live order book, 54 min ago	5.65 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 47 min ago	9.06 bp	25.1 bp −$25	70.0 bp −$700	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	−0.0592%	1h	0.04378	−0.364%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04397	+0.062%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.385%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0096%	4h	0.04391	−0.068%	$752K	$725K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04396	+0.040%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04400	+0.137%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04397	+0.059%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04398	+0.091%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04397	+0.063%	$12.7M	$50.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04392	−0.046%	$15.5M	$21.4M	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	0.04392	−0.046%	$4.9M	$23.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04396	+0.046%	$586K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04397	+0.068%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04393	−0.023%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04395	+0.020%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04393	−0.023%	—	$26.0M	—	as long as short
Backpack STRK_USDC_PERPlong	+0.0100%	1h	0.04394	long leg	$25K	$150K	10x
Variational Omni STRK	+0.0100%	4h	0.04382	−0.274%	$259K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04386	−0.183%	$194K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04493	+2.253%	$1K	$825K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04395	+0.014%	$121K	$626K	10x	as long as short
Lighter STRKshort	+0.0400%	1h	0.04407	+0.296%	$272K	$540K	5x
Deribit STRK_USDC-PERPETUAL	+0.0433%	1h	0.04398	+0.091%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.1167%	1h	0.04398	+0.101%	$477K	$496K	20x	as long as short