Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h −0.144%

Price spread now: Paradex against Deribit−0.084%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.084% cheaper against Deribit than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit STRK_USDC-PERPETUAL	0.04269	0	get 0.0000% / 1h	48m 25s	$8K	$43K	25x
Short	Paradex STRK-USD-PERP	0.04265	0.0099	get 0.0099% / 8h	2h 48m	$8K	$144	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now −0.084%Rate

Funding earned: $20.85
Price spread: −0.084% → 0.000%: −$8.45
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $1.4
Costs to cover: 0.110%
Break-even: 6.5 days

Slippage unknown: Deribit: no order-book sample; Paradex: 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 Deribit no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Deribit and Paradex: 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	−0.0904%	1h	0.04235	−0.796%	$69K	$99K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0191%	1h	0.04266	−0.061%	$447K	$582K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04267	−0.043%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUALlong	0.0000%	1h	0.04269	long leg	$8K	$43K	25x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.763%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04273	+0.094%	$255K	$442K	5x	as long as short
Paradex STRK-USD-PERPshort	+0.0099%	8h	0.04265	−0.084%	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04267	−0.047%	$14.2M	$6.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04266	−0.071%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04269	−0.005%	$42K	$69K	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	0.04265	−0.082%	$12.0M	$44.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04261	−0.187%	$14.9M	$20.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04268	−0.023%	$4.6M	$19.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04264	−0.117%	$566K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04265	−0.094%	$11.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04267	−0.047%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04266	−0.077%	$3.1M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04265	−0.094%	—	$724K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04264	−0.117%	$26K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04265	−0.099%	$419K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04268	−0.033%	$183K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04367	+2.296%	$2K	$864K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04265	−0.098%	$121K	$474K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04263	−0.141%	$695K	$757K	75x	as long as short