Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.058%

Price spread now: Binance against Lighter−0.181%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$630.632% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.404%−$40 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.181%, 7d avg −0.109%

Together, before fees−0.297%+ Points / potential airdropLighter: Season 3 · farm board−$30 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: Binance is 0.072% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04295	0.0096	pay 0.0012% / 1h	19m 19s	$255K	$441K	5x
Short	Binance STRKUSDT	0.04287	0.0100	get 0.0050% / 4h	19m 19s	$12.2M	$43.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.181%Rate

Funding earned: $0.84
Price spread: −0.181% → −0.109%: −$7.21
Slippage, 4 orders: −$53.17
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.54
Costs to cover: 0.632%
Break-even: 586.5 days

Slippage from Lighter: live order book, 10 min ago; Binance: live order book, 8 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 Lighter live order book, 10 min ago	8.14 bp	26.4 bp −$26	65.4 bp −$654	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.17 bp	13.4 bp −$13	38.2 bp −$382	313.2 bp −$31.3K	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	−0.1224%	1h	0.04247	−1.118%	$69K	$86K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04282	−0.298%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.044%	$3K	$38K	5.5x	as long as short
Lighter STRKlong	+0.0096%	1h	0.04295	long leg	$255K	$441K	5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04280	−0.347%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04287	−0.186%	$14.1M	$5.9M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04290	−0.110%	$33K	$212K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04282	−0.298%	$42K	$65K	5x	as long as short
Binance STRKUSDTshort	+0.0100%	4h	0.04287	−0.181%	$12.2M	$43.4M	75x
Bybit STRKUSDT	+0.0100%	4h	0.04283	−0.279%	$14.8M	$19.7M	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	0.04283	−0.279%	$4.6M	$18.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04285	−0.233%	$570K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04283	−0.279%	$11.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04285	−0.233%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04287	−0.191%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04284	−0.256%	—	$9.8M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04277	−0.419%	$27K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04277	−0.425%	$416K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04278	−0.402%	$183K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04385	+2.095%	$2K	$882K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04282	−0.294%	$119K	$876K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0217%	1h	0.04288	−0.163%	$8K	$43K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.0336%	1h	0.04289	−0.144%	$446K	$505K	20x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04278	−0.396%	$658K	$764K	75x	as long as short