Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.042%

Price spread now: Injective against BloFin+17.036%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 17.036% dearer against BloFin than usual: you sell high and buy low (spread +17.036% now, against zero (this spread has no 7-day history yet)): +$1,704 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin STRK-USDT	0.04332	0.0340	pay 0.0170% / 4h	1h 06m	$751K	$839K	75x
Short	Injective STRK/USDC PERP	0.05070	0.0033	get 0.0004% / 1h	6m 08s	$3K	$38K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +17.036%Rate

Funding earned: −$64.4
Price spread: +17.036% → 0.000%: $1,703.6
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,627.18
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 36 min ago; Injective: no order-book sample. 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 BloFin live order book, 36 min ago	4.64 bp	14.3 bp −$14	32.4 bp −$324	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0952%	1h	0.04312	−0.462%	$75K	$100K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0369%	1h	0.04322	−0.228%	$451K	$537K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04332	−0.008%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERPshort	+0.0033%	1h	0.05070	+17.036%	$3K	$38K	5.5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04322	−0.227%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04323	−0.208%	$14.6M	$6.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04319	−0.301%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04330	−0.051%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04317	−0.346%	$12.4M	$46.1M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04314	−0.416%	$15.1M	$20.7M	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	0.04316	−0.369%	$4.7M	$20.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04315	−0.392%	$569K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04319	−0.300%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04320	−0.277%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04319	−0.307%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04318	−0.323%	—	$730K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04318	−0.323%	$32K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04316	−0.377%	$427K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04338	+0.140%	$189K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04425	+2.147%	$1K	$840K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04316	−0.361%	$122K	$665K	10x	as long as short
Lighter STRK	+0.0152%	1h	0.04329	−0.069%	$264K	$505K	5x	as long as short
BloFin STRK-USDTlong	+0.0340%	4h	0.04332	long leg	$751K	$839K	75x
Deribit STRK_USDC-PERPETUAL	+0.0445%	1h	0.04322	−0.231%	$8K	$44K	25x	as long as short