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: Gate against Hyperliquid−0.301%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

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

costs, in and out, $10k−$990.989% of the position

Long on Hyperliquid Short on Gate

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+0.194%+$19 · spread now −0.301%, 7d avg −0.125%

Together, before fees−0.156%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 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: Gate is 0.176% cheaper against Hyperliquid than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04326	0.0100	pay 0.0013% / 1h	2m 06s	$14.5M	$6.3M	5x
Short	Gate STRK_USDT	0.04313	0.0100	get 0.0050% / 4h	2m 06s	$565K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. 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 HyperliquidbpFee GatebpOrdersPrice spread, now −0.301%Rate

Funding earned: $0
Price spread: −0.301% → −0.125%: −$17.58
Slippage, 4 orders: −$74.92
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$116.5
Costs to cover: 0.989%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Gate: live order book, 5 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 Hyperliquid live order book, 11 min ago	1.15 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.16 bp	35.0 bp −$35	290.3 bp −$2,903	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	0.04303	−0.532%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0136%	1h	0.04323	−0.081%	$458K	$548K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04322	−0.087%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.198%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04329	+0.069%	$264K	$502K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04318	−0.184%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04326	long leg	$14.5M	$6.3M	5x
Aster STRKUSDT	+0.0100%	4h	0.04322	−0.092%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04320	−0.139%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04320	−0.139%	$12.4M	$44.6M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04317	−0.208%	$15.2M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04320	−0.139%	$4.7M	$19.7M	50x	as long as short
Gate STRK_USDTshort	+0.0100%	4h	0.04313	−0.301%	$565K	$1.4M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04318	−0.185%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04321	−0.116%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04319	−0.160%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04319	−0.162%	—	$728K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04321	−0.116%	$30K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04312	−0.330%	$428K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04318	−0.185%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04420	+2.173%	$1K	$844K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04319	−0.155%	$121K	$659K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0213%	1h	0.04325	−0.023%	$8K	$44K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04315	−0.254%	$765K	$790K	75x	as long as short