Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.055%

Price spread now: Lighter against BingX+0.163%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.395%+$39 on $10k

Price spread, last 4 days (all we have)−0.766%−$77 · spread now +0.163%, 7d avg +0.091%

Together, before fees−0.372%+ Points / potential airdropLighter: Season 3 · farm board−$37 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: Lighter is 0.072% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STRK-USDC	0.04302	0.0100	pay 0.0050% / 4h	2h 58m	—	$733K	—
Short	Lighter STRK	0.04309	0.0096	get 0.0012% / 1h	58m 11s	$256K	$436K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.163%Rate

Funding earned: −$0.84
Price spread: +0.163% → +0.091%: $7.21
Slippage, 4 orders: −$78.96
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$82.59
Costs to cover: 0.890%
Break-even: never at this rate

Slippage from BingX: live order book, 45 min ago; Lighter: live order book, 26 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 BingX live order book, 45 min ago	2.32 bp	19.1 bp −$19	38.9 bp −$389	258.6 bp −$25.9K	680.9 bp −$340.5K
Sell Lighter live order book, 26 min ago	11.62 bp	22.7 bp −$23	68.0 bp −$680	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	−0.1704%	1h	0.04257	−1.046%	$68K	$87K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0180%	1h	0.04303	+0.021%	$455K	$476K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04303	+0.031%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.852%	$3K	$38K	5.5x	as long as short
Bybit STRKUSDT	+0.0057%	4h	0.04296	−0.139%	$14.9M	$19.3M	50x	as long as short
Lighter STRKshort	+0.0096%	1h	0.04309	+0.163%	$256K	$436K	5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04298	−0.086%	$8K	$938	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04309	+0.163%	$14.1M	$5.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04301	−0.029%	$33K	$215K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04303	+0.033%	$41K	$68K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04300	−0.043%	$12.2M	$42.2M	75x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04299	−0.070%	$4.6M	$18.1M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04304	+0.046%	$564K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04303	+0.023%	$11.4M	$1.9M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04307	+0.116%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04303	+0.023%	$3.0M	$3.6M	75x	as long as short
BingX STRK-USDClong	+0.0100%	4h	0.04302	long leg	—	$733K	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04301	−0.023%	$27K	$141K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04299	−0.077%	$425K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04307	+0.116%	$189K	$3.4M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04398	+2.232%	$2K	$888K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04300	−0.039%	$120K	$875K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04307	+0.116%	$644K	$703K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0447%	1h	0.04306	+0.093%	$7K	$33K	25x	as long as short