Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: Paradex against Injective−15.201%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 15.201% cheaper against Injective than usual: you would sell low and buy high (spread −15.201% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,520 on $10k: about years of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective STRK/USDC PERP	0.05070	0.0033	pay 0.0004% / 1h	0m 56s	$3K	$38K	5.5x
Short	Paradex STRK-USD-PERP	0.04299	0.0100	get 0.0100% / 8h	1h 00m	$8K	$144	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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 InjectivebpFee ParadexbpOrdersPrice spread, now −15.201%Rate

Funding earned: $13.98
Price spread: −15.201% → 0.000%: −$1,520.1
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1,510.14
Costs to cover: 0.040%
Break-even: 763.1 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Injective 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	−0.0992%	1h	0.04271	−15.759%	$70K	$88K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0050%	1h	0.04300	−15.179%	$447K	$583K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04305	−15.086%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04301	−15.168%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERPlong	+0.0033%	1h	0.05070	long leg	$3K	$38K	5.5x
Lighter STRK	+0.0096%	1h	0.04307	−15.049%	$256K	$444K	5x	as long as short
Paradex STRK-USD-PERPshort	+0.0100%	8h	0.04299	−15.201%	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04305	−15.089%	$14.2M	$6.0M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04302	−15.140%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04304	−15.112%	$43K	$65K	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	0.04297	−15.245%	$12.2M	$44.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04296	−15.266%	$15.0M	$20.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04297	−15.247%	$4.6M	$18.9M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04296	−15.266%	$576K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04298	−15.227%	$11.5M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04301	−15.168%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04299	−15.197%	$3.0M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04298	−15.227%	—	$733K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04298	−15.227%	$29K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04310	−14.995%	$423K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04307	−15.045%	$187K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04399	−13.235%	$1K	$880K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04296	−15.260%	$127K	$491K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04296	−15.266%	$671K	$776K	75x	as long as short