Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Bybit+17.962%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 17.962% dearer against Bybit than usual: you sell high and buy low (spread +17.962% now, against zero (this spread has no 7-day history yet)): +$1,796 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STRKUSDT	0.04298	0.0100	pay 0.0050% / 4h	2h 47m	$15.0M	$21.5M	50x
Short	Injective STRK/USDC PERP	0.05070	0.0033	get 0.0004% / 1h	47m 13s	$3K	$38K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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 BybitbpFee InjectivebpOrdersPrice spread, now +17.962%Rate

Funding earned: −$14
Price spread: +17.962% → 0.000%: $1,796.18
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,771.16
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.16 bp	15.3 bp −$15	53.4 bp −$534	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	−0.0560%	1h	0.04294	−0.093%	$60K	$92K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0307%	1h	0.04302	+0.083%	$456K	$534K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04311	+0.306%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERPshort	+0.0033%	1h	0.05070	+17.962%	$3K	$38K	5.5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04307	+0.221%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04310	+0.279%	$14.6M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04306	+0.196%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04309	+0.263%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04300	+0.047%	$12.2M	$48.5M	75x	as long as short
Bybit STRKUSDTlong	+0.0100%	4h	0.04298	long leg	$15.0M	$21.5M	50x

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	0.04301	+0.070%	$4.7M	$22.1M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04307	+0.209%	$577K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04302	+0.093%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04307	+0.209%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04303	+0.107%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04302	+0.093%	—	$726K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04310	+0.279%	$23K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04311	+0.299%	$351K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04317	+0.432%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04410	+2.606%	$1K	$846K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04299	+0.033%	$119K	$659K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04315	+0.396%	$749K	$822K	75x	as long as short
Lighter STRK	+0.0368%	1h	0.04311	+0.302%	$263K	$504K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0680%	1h	0.04306	+0.186%	$8K	$43K	25x	as long as short