Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: SunX against Injective−10.552%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 SunX

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—needs both histories

Funding pays, the price is against you. SunX is 10.552% cheaper against Injective than usual: you would sell low and buy high (spread −10.552% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,055 on $10k: about 18 months 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	38m 24s	$3K	$38K	5.5x
Short	SunX STRK-USDT	0.04535	0.0100	get 0.0050% / 4h	3h 38m	$1K	$804K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −10.552%Rate

Funding earned: $14
Price spread: −10.552% → 0.000%: −$1,055.23
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$1,049.25
Costs to cover: 0.080%
Break-even: 531.6 days

Slippage unknown: Injective: no order-book sample; SunX: live order book, 4 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 Injective no order-book sample	—	—	—	—	—
Sell SunX live order book, 4 min ago	251.88 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Injective: 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	−0.0304%	1h	0.04426	−12.702%	$65K	$90K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0234%	1h	0.04436	−12.507%	$473K	$506K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04432	−12.586%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERPlong	+0.0033%	1h	0.05070	long leg	$3K	$38K	5.5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04424	−12.732%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04432	−12.584%	$15.4M	$7.6M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04429	−12.638%	$35K	$387K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04428	−12.653%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04431	−12.612%	$12.7M	$52.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04429	−12.643%	$15.5M	$21.2M	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	0.04430	−12.623%	$4.9M	$25.0M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04426	−12.702%	$604K	$1.6M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04429	−12.643%	$11.8M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04426	−12.702%	$1.5M	$2.0M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04427	−12.688%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04431	−12.604%	—	$723K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04430	−12.623%	$25K	$158K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04416	−12.909%	$255K	$1.4M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04408	−13.051%	$190K	$3.4M	10x	as long as short
SunX STRK-USDTshort	+0.0100%	4h	0.04535	−10.552%	$1K	$804K	20x
BloFin STRK-USDT	+0.0102%	4h	0.04428	−12.663%	$780K	$736K	75x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04425	−12.727%	$122K	$636K	10x	as long as short
Lighter STRK	+0.0328%	1h	0.04437	−12.485%	$274K	$605K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0878%	1h	0.04438	−12.465%	$8K	$34K	25x	as long as short