Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: Hyperliquid against OKX+0.047%7-day average +0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$580.579% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.332%+$33 on $10k

Price spread, last 7 days+0.130%+$13 · spread now +0.047%, 7d avg +0.129%

Together, before fees+0.462%+ Points / potential airdropHyperliquid: Season 2 · farm board+$46 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: Hyperliquid is 0.082% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.129%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STRK-USDT-SWAP	0.04246	0.0100	pay 0.0050% / 4h	3h 02m	$4.6M	$19.5M	50x
Short	Hyperliquid STRK	0.04248	0.0100	get 0.0013% / 1h	2m 25s	$14.1M	$6.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.129%: −$8.22
Slippage, 4 orders: −$38.88
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$66.09
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Hyperliquid: live order book, 10 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 OKX live order book, 1 min ago	1.18 bp	14.7 bp −$15	52.1 bp −$521	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	2.33 bp	6.8 bp −$7	28.0 bp −$280	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	−0.1032%	1h	0.04228	−0.424%	$69K	$99K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04249	+0.074%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04253	+0.165%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.407%	$3K	$38K	5.5x	as long as short
Kraken Futures PF_STRKUSD	+0.0060%	1h	0.04248	+0.057%	$446K	$581K	20x	as long as short
Lighter STRK	+0.0096%	1h	0.04255	+0.212%	$254K	$473K	5x	as long as short
Paradex STRK-USD-PERP	+0.0099%	8h	0.04247	+0.022%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04248	+0.047%	$14.1M	$6.5M	5x
Aster STRKUSDT	+0.0100%	4h	0.04245	−0.025%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04250	+0.094%	$42K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04245	−0.015%	$12.0M	$45.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04243	−0.071%	$14.8M	$20.2M	50x	as long as short
OKX STRK-USDT-SWAPlong	+0.0100%	4h	0.04246	long leg	$4.6M	$19.5M	50x
Gate STRK_USDT	+0.0100%	4h	0.04245	−0.024%	$557K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04246	0.000%	$11.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04246	0.000%	$1.4M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04246	−0.007%	$3.1M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04245	−0.024%	—	$724K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04248	+0.047%	$27K	$145K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04255	+0.206%	$418K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04253	+0.165%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04349	+2.426%	$2K	$860K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04243	−0.061%	$119K	$472K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04254	+0.188%	$720K	$754K	75x	as long as short