Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.094%

Price spread now: Paradex against Lighter−0.119%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.119% cheaper against Lighter than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04332	0.0096	pay 0.0012% / 1h	40m 12s	$264K	$501K	5x
Short	Paradex STRK-USD-PERP	0.04327	0.0100	get 0.0100% / 8h	4h 40m	$8K	$144	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.119%Rate

Funding earned: $0.83
Price spread: −0.119% → 0.000%: −$11.9
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$15.07
Costs to cover: 0.040%
Break-even: 133.4 days

Slippage unknown: Lighter: live order book, 10 min ago; Paradex: no order-book sample. Net counts fees only.

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, 10 min ago	8.06 bp	25.9 bp −$26	65.0 bp −$650	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.04290	−0.970%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0136%	1h	0.04325	−0.163%	$451K	$524K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04331	−0.019%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.036%	$3K	$38K	5.5x	as long as short
Lighter STRKlong	+0.0096%	1h	0.04332	long leg	$264K	$501K	5x
Paradex STRK-USD-PERPshort	+0.0100%	8h	0.04327	−0.119%	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04325	−0.162%	$14.6M	$6.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04331	−0.017%	$33K	$269K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04330	−0.046%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04322	−0.231%	$12.4M	$45.3M	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	0.04318	−0.323%	$15.2M	$20.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04321	−0.254%	$4.7M	$20.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04320	−0.277%	$568K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04324	−0.185%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04324	−0.185%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04324	−0.175%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04321	−0.254%	—	$26.1M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04323	−0.208%	$30K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04314	−0.422%	$427K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04322	−0.231%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04428	+2.216%	$1K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04323	−0.199%	$119K	$659K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0212%	1h	0.04328	−0.092%	$8K	$43K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04317	−0.346%	$755K	$823K	75x	as long as short