Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0508%/8h= −55.6% APRpaid last 24h −0.090%

Price spread now: KuCoin against Lighter−0.227%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$980.982% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.511%−$51 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.227%, 7d avg −0.062%

Together, before fees−0.500%+ Points / potential airdropLighter: Season 3 · farm board−$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.165% cheaper against Lighter than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04412	0.0608	pay 0.0076% / 1h	39m 02s	$272K	$506K	5x
Short	KuCoin STRKUSDTM	0.04402	0.0100	get 0.0050% / 4h	39m 02s	$1.5M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.227%Rate

Funding earned: −$106.68
Price spread: −0.227% → −0.062%: −$16.51
Slippage, 4 orders: −$86.24
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$221.43
Costs to cover: 0.982%
Break-even: never at this rate

Slippage from Lighter: live order book, 31 min ago; KuCoin: live order book, 2 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, 31 min ago	12.54 bp	22.5 bp −$23	56.2 bp −$562	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.55 bp	29.2 bp −$29	80.0 bp −$800	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	−0.0584%	1h	0.04391	−0.476%	$62K	$96K	25x	as long as short
dYdX STRK-USD	+0.0001%	1h	0.04401	−0.244%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.914%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0065%	4h	0.04404	−0.181%	$752K	$725K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04401	−0.253%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04409	−0.068%	$15.0M	$7.5M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04402	−0.219%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04403	−0.209%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04402	−0.227%	$12.6M	$49.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04400	−0.272%	$15.6M	$21.4M	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	0.04400	−0.272%	$4.9M	$23.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04397	−0.340%	$589K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04401	−0.249%	$12.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTMshort	+0.0100%	4h	0.04402	−0.227%	$1.5M	$1.9M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04400	−0.279%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04400	−0.272%	—	$26.4M	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04396	−0.364%	$359K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04401	−0.242%	$188K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04505	+2.108%	$2K	$834K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04400	−0.278%	$122K	$625K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0159%	1h	0.04402	−0.227%	$25K	$148K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0502%	1h	0.04402	−0.227%	$471K	$512K	20x	as long as short
Lighter STRKlong	+0.0608%	1h	0.04412	long leg	$272K	$506K	5x
Deribit STRK_USDC-PERPETUAL	+0.0658%	1h	0.04407	−0.113%	$2K	$34K	25x	as long as short