STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.092%

Price spread now: Extended against Lighter−0.238%7-day average −0.201% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$800.804% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.396%−$40 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.238%, 7d avg −0.201%

Together, before fees−0.468%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$47 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: Extended is 0.036% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.201%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04356	0.0096	pay 0.0012% / 1h	18m 25s	$266K	$501K	5x
Short	Extended STRK-USD	0.04346	0.0104	get 0.0013% / 1h	18m 25s	$120K	$659K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.238%Rate

Funding earned: $1.68
Price spread: −0.238% → −0.201%: −$3.64
Slippage, 4 orders: −$75.38
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$82.34
Costs to cover: 0.804%
Break-even: 350.1 days

Slippage from Lighter: live order book, 32 min ago; Extended: 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	8.06 bp	25.9 bp −$26	65.0 bp −$650	doesn't fit	doesn't fit
Sell Extended live order book, 39 min ago	4.63 bp	20.0 bp −$20	155.7 bp −$1,557	doesn't fit	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	−0.0976%	1h	0.04311	−1.033%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0135%	1h	0.04354	−0.041%	$461K	$551K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04349	−0.169%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.391%	$3K	$38K	5.5x	as long as short
Lighter STRKlong	+0.0096%	1h	0.04356	long leg	$266K	$501K	5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04346	−0.228%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04354	−0.046%	$14.6M	$6.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04349	−0.152%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04349	−0.172%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04347	−0.207%	$12.5M	$44.7M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04342	−0.321%	$15.3M	$20.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04345	−0.253%	$4.7M	$20.1M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04344	−0.275%	$570K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04347	−0.207%	$12.2M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04348	−0.184%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04346	−0.232%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04346	−0.230%	—	$9.2M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04349	−0.161%	$30K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04339	−0.397%	$430K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04340	−0.367%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04453	+2.227%	$2K	$843K	20x	as long as short
Extended STRK-USDshort	+0.0104%	1h	0.04346	−0.238%	$120K	$659K	10x
BloFin STRK-USDT	+0.0340%	4h	0.04347	−0.207%	$773K	$805K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0440%	1h	0.04352	−0.092%	$8K	$44K	25x	as long as short