Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.135%

Price spread now: Bybit against dYdX−0.162%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 6 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

Funding pays, the price is against you. Bybit is 0.162% cheaper against dYdX than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 5.4 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	dYdX STRK-USD	0.04249	0	get 0.0000% / 1h	33m 03s	$20K	$24K	5x
Short	Bybit STRKUSDT	0.04242	0.0100	get 0.0050% / 4h	2h 33m	$14.8M	$20.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against dYdX. 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 dYdXbpFee BybitbpOrdersPrice spread, now −0.162%Rate

Funding earned: $21
Price spread: −0.162% → 0.000%: −$16.15
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$16.15
Costs to cover: 0.210%
Break-even: 12.4 days

Slippage unknown: dYdX: no order-book sample; Bybit: live order book, just now. 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 dYdX no order-book sample	—	—	—	—	—
Sell Bybit live order book, just now	2.36 bp	17.8 bp −$18	55.8 bp −$558	doesn't fit	doesn't fit

dYdX: 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	0.04225	−0.562%	$69K	$99K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0192%	1h	0.04248	−0.021%	$444K	$583K	20x	as long as short
dYdX STRK-USDlong	0.0000%	1h	0.04249	long leg	$20K	$24K	5x
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04249	+0.003%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.326%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04253	+0.097%	$253K	$443K	5x	as long as short
Paradex STRK-USD-PERP	+0.0099%	8h	0.04246	−0.068%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04248	−0.020%	$14.1M	$6.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04244	−0.115%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04251	+0.048%	$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	0.04244	−0.107%	$11.9M	$44.7M	75x	as long as short
Bybit STRKUSDTshort	+0.0100%	4h	0.04242	−0.162%	$14.8M	$20.1M	50x
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04247	−0.044%	$4.6M	$19.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04244	−0.114%	$560K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04245	−0.091%	$11.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04249	+0.003%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04245	−0.096%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04245	−0.091%	—	$10.1M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04246	−0.067%	$26K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04267	+0.423%	$419K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04264	+0.356%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04348	+2.333%	$2K	$866K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04244	−0.112%	$121K	$471K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04243	−0.138%	$686K	$760K	75x	as long as short