Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h −0.090%

Price spread now: MEXC against Lighter−0.339%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.392%−$39 on $10k

Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.339%, 7d avg −0.074%

Together, before fees−0.219%+ Points / potential airdropLighter: Season 3 · farm board−$22 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 MEXC is 0.266% cheaper against Lighter than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.074%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04419	0.0616	pay 0.0077% / 1h	45m 13s	$273K	$506K	5x
Short	MEXC STRK_USDT	0.04404	0.0100	get 0.0050% / 4h	45m 13s	$12.4M	$2.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.339%Rate

Funding earned: −$108.36
Price spread: −0.339% → −0.074%: −$26.58
Slippage, 4 orders: −$50.28
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$189.22
Costs to cover: 0.543%
Break-even: never at this rate

Slippage from Lighter: live order book, 25 min ago; MEXC: live order book, 3 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, 25 min ago	12.54 bp	22.5 bp −$23	56.2 bp −$562	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.13 bp	5.0 bp −$5	18.0 bp −$180	85.2 bp −$8,517	165.8 bp −$82.9K

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	−0.0584%	1h	0.04396	−0.520%	$63K	$96K	25x	as long as short
dYdX STRK-USD	+0.0001%	1h	0.04407	−0.262%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.732%	$3K	$38K	5.5x	as long as short
Bybit STRKUSDT	+0.0092%	4h	0.04401	−0.407%	$15.6M	$21.4M	50x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04405	−0.324%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04406	−0.294%	$15.0M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04406	−0.291%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04409	−0.217%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04403	−0.362%	$12.6M	$49.7M	75x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04401	−0.407%	$4.9M	$23.5M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04406	−0.294%	$592K	$1.4M	50x	as long as short
MEXC STRK_USDTshort	+0.0100%	4h	0.04404	−0.339%	$12.4M	$2.1M	100x
KuCoin STRKUSDTM	+0.0100%	4h	0.04405	−0.317%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04403	−0.373%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04403	−0.362%	—	$26.4M	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04401	−0.408%	$359K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04415	−0.080%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04505	+1.946%	$2K	$833K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04400	−0.437%	$122K	$625K	10x	as long as short
BloFin STRK-USDT	+0.0153%	4h	0.04407	−0.272%	$746K	$719K	75x	as long as short
Backpack STRK_USDC_PERP	+0.0218%	1h	0.04407	−0.272%	$25K	$148K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0431%	1h	0.04407	−0.272%	$2K	$34K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.0502%	1h	0.04404	−0.334%	$472K	$512K	20x	as long as short
Lighter STRKlong	+0.0616%	1h	0.04419	long leg	$273K	$506K	5x