Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Hyperliquid against Gate+0.208%7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1251.251% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.350%+$35 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.208%, 7d avg +0.124%

Together, before fees+0.237%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.083% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.124%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STRK_USDT	0.04334	0.0100	pay 0.0050% / 4h	51m 37s	$568K	$1.3M	50x
Short	Hyperliquid STRK	0.04343	0.0100	get 0.0013% / 1h	51m 37s	$14.6M	$6.7M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → +0.124%: $8.33
Slippage, 4 orders: −$101.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$116.74
Costs to cover: 1.251%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; Hyperliquid: live order book, 11 min ago.

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 Gate live order book, 6 min ago	3.46 bp	34.6 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	2.31 bp	16.1 bp −$16	38.2 bp −$382	doesn't fit	doesn't fit

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	−0.0976%	1h	0.04290	−1.015%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0136%	1h	0.04340	+0.136%	$453K	$527K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04341	+0.153%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.982%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04335	+0.019%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04343	+0.208%	$14.6M	$6.7M	5x
Aster STRKUSDT	+0.0100%	4h	0.04344	+0.232%	$33K	$269K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04341	+0.168%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04338	+0.087%	$12.4M	$45.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04334	0.000%	$15.3M	$20.5M	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	0.04338	+0.092%	$4.7M	$20.5M	50x	as long as short
Gate STRK_USDTlong	+0.0100%	4h	0.04334	long leg	$568K	$1.3M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04339	+0.115%	$12.2M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04341	+0.162%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04338	+0.088%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04337	+0.069%	—	$729K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04352	+0.410%	$430K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04341	+0.162%	$188K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04444	+2.538%	$1K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04336	+0.048%	$120K	$663K	10x	as long as short
Lighter STRK	+0.0184%	1h	0.04349	+0.346%	$265K	$501K	5x	as long as short
Backpack STRK_USDC_PERP	+0.0274%	1h	0.04339	+0.115%	$30K	$144K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04344	+0.231%	$762K	$841K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0441%	1h	0.04345	+0.254%	$8K	$43K	25x	as long as short