Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0342%/8h= −37.5% APRpaid last 24h −0.166%

Price spread now: SunX against Deribit+2.237%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on SunX

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—needs both histories

The price spread pays, funding is against you. SunX is 2.237% dearer against Deribit than usual: you sell high and buy low (spread +2.237% now, against zero (this spread has no 7-day history yet)): +$224 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit STRK_USDC-PERPETUAL	0.04337	0.0442	pay 0.0055% / 1h	6m 25s	$8K	$44K	25x
Short	SunX STRK-USDT	0.04434	0.0100	get 0.0050% / 4h	1h 06m	$2K	$840K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.237%Rate

Funding earned: −$71.86
Price spread: +2.237% → 0.000%: $223.66
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $136.79
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; SunX: live order book, 26 min ago. 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 SunX live order book, 26 min ago	258.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Deribit: 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	−0.576%	$75K	$100K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0368%	1h	0.04335	−0.048%	$452K	$537K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04332	−0.124%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.901%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04322	−0.342%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04328	−0.208%	$14.6M	$6.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04325	−0.266%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04330	−0.166%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04319	−0.415%	$12.4M	$46.1M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04316	−0.484%	$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	0.04323	−0.323%	$4.7M	$20.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04324	−0.300%	$576K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04321	−0.369%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04327	−0.231%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04324	−0.307%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04320	−0.392%	—	$26.1M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04331	−0.138%	$24K	$138K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04343	+0.130%	$432K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04338	+0.025%	$189K	$3.6M	10x	as long as short
SunX STRK-USDTshort	+0.0100%	4h	0.04434	+2.237%	$2K	$840K	20x
Extended STRK-USD	+0.0104%	1h	0.04321	−0.360%	$122K	$665K	10x	as long as short
Lighter STRK	+0.0152%	1h	0.04340	+0.069%	$265K	$505K	5x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04332	−0.115%	$751K	$839K	75x	as long as short
Deribit STRK_USDC-PERPETUALlong	+0.0442%	1h	0.04337	long leg	$8K	$44K	25x