Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.007%

Price spread now: BloFin against Lighter−0.449%60s7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.640% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.334%−$33 on $10k

Price spread, last 4 days (all we have)+2.995%+$299 · spread now −0.449%, 7d avg −0.066%

Together, before fees+2.661%+ Points / potential airdropLighter: Season 3 · farm board+$266 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.382% cheaper against Lighter than usual: you would sell low and buy high (spread −0.449% now, against its 7-day average of −0.066%). If the spread goes back, that is −$38 on $10k: about 5.2 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.334%, so the current rate has only just turned in your favour. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04235	0.0096	pay 0.0012% / 1h	6m 00s	$247K	$432K	5x
Short	BloFin STRK-USDT	0.04216	0.0340	get 0.0170% / 4h	1h 06m	$614K	$696K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now −0.449%Rate

Funding earned: $51.24
Price spread: −0.449% → −0.066%: −$38.24
Slippage, 4 orders: −$52
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51
Costs to cover: 0.640%
Break-even: 14.0 days

Slippage from Lighter: live order book, 32 min ago; BloFin: live order book, 39 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, 32 min ago	8.26 bp	21.1 bp −$21	61.5 bp −$615	doesn't fit	doesn't fit
Sell BloFin live order book, 39 min ago	4.72 bp	13.0 bp −$13	28.9 bp −$289	doesn't fit	doesn't fit

STRK on 24 exchanges

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	−0.1744%	1h	0.04168	−1.582%	$67K	$70K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0679%	1h	0.04231	−0.090%	$448K	$459K	20x	as long as short
Bybit STRKUSDT	−0.0485%	4h	0.04224	−0.260%	$14.3M	$19.2M	50x	as long as short
Variational Omni STRK	−0.0259%	4h	0.04208	−0.627%	$413K	$1.8M	—	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.717%	$3K	$38K	5.5x	as long as short
Backpack STRK_USDC_PERP	+0.0046%	1h	0.04228	−0.165%	$30K	$140K	10x	as long as short
Lighter STRKlong	+0.0096%	1h	0.04235	long leg	$247K	$432K	5x
Paradex STRK-USD-PERP	+0.0099%	8h	0.04221	−0.330%	$8K	$2K	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04233	−0.047%	$13.7M	$5.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04229	−0.148%	$32K	$169K	10x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica STRK	+0.0100%	1h	0.04225	−0.236%	$39K	$71K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04228	−0.158%	$11.9M	$40.1M	75x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04227	−0.189%	$4.4M	$16.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04227	−0.189%	$540K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04228	−0.165%	$11.3M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04232	−0.071%	$1.5M	$1.6M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04229	−0.142%	$2.9M	$3.4M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04227	−0.189%	—	$9.5M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04217	−0.425%	$182K	$3.4M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04326	+2.149%	$2K	$890K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04227	−0.186%	$117K	$868K	10x	as long as short
dYdX STRK-USD	+0.0171%	1h	0.04224	−0.263%	$20K	$19	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0223%	1h	0.04233	−0.047%	$3K	$43K	25x	as long as short
BloFin STRK-USDTshort	+0.0340%	4h	0.04216	−0.449%	$614K	$696K	75x