Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.097%

Price spread now: BingX against Lighter−0.255%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$940.938% of the position

Long on Lighter Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.393%−$39 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BingX is 0.255% cheaper against Lighter than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04312	0.0304	pay 0.0038% / 1h	45m 35s	$263K	$504K	5x
Short	BingX STRK-USDT	0.04301	0.0100	get 0.0050% / 4h	2h 45m	—	$26.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.255%Rate

Funding earned: −$42.84
Price spread: −0.255% → 0.000%: −$25.51
Slippage, 4 orders: −$83.8
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$162.15
Costs to cover: 0.938%
Break-even: never at this rate

Slippage from Lighter: live order book, 15 min ago; BingX: 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, 15 min ago	18.48 bp	36.3 bp −$36	73.3 bp −$733	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	4.64 bp	15.9 bp −$16	42.2 bp −$422	304.0 bp −$30.4K	725.8 bp −$362.9K

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	−0.0560%	1h	0.04294	−0.417%	$60K	$92K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0307%	1h	0.04304	−0.196%	$456K	$534K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04303	−0.213%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.579%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04300	−0.289%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04306	−0.139%	$14.6M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04304	−0.186%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04304	−0.188%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04300	−0.278%	$12.2M	$48.5M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04298	−0.325%	$15.0M	$21.5M	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	0.04302	−0.232%	$4.7M	$22.1M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04304	−0.186%	$576K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04301	−0.255%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04303	−0.209%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04301	−0.257%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDTshort	+0.0100%	4h	0.04301	−0.255%	—	$26.4M	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04302	−0.232%	$23K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04294	−0.421%	$356K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04317	+0.106%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04404	+2.134%	$2K	$846K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04298	−0.315%	$119K	$659K	10x	as long as short
Lighter STRKlong	+0.0304%	1h	0.04312	long leg	$263K	$504K	5x
BloFin STRK-USDT	+0.0340%	4h	0.04315	+0.070%	$749K	$822K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0679%	1h	0.04308	−0.093%	$8K	$43K	25x	as long as short