Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Paradex+0.033%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Extended

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 airdropParadex: Active · Extended: 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: Extended is 0.033% dearer against Paradex than usual: you sell high and buy low, +$3 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	Paradex STRK-USD-PERP	0.04273	0.0100	pay 0.0100% / 8h	7h 27m	$8K	$938	20x
Short	Extended STRK-USD	0.04274	0.0104	get 0.0013% / 1h	27m 53s	$120K	$869K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Paradex. 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 ParadexbpFee ExtendedbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0.85
Price spread: +0.033% → 0.000%: $3.28
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$4.87
Costs to cover: 0.090%
Break-even: 47.0 days

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 5 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Extended live order book, 5 min ago	5.86 bp	21.6 bp −$22	140.1 bp −$1,401	doesn't fit	doesn't fit

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	−0.1448%	1h	0.04256	−0.399%	$68K	$87K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0333%	1h	0.04274	+0.031%	$444K	$473K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04273	−0.005%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.651%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04282	+0.209%	$254K	$439K	5x	as long as short
Paradex STRK-USD-PERPlong	+0.0100%	8h	0.04273	long leg	$8K	$938	20x
Hyperliquid STRK	+0.0100%	1h	0.04282	+0.209%	$14.0M	$5.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04280	+0.162%	$33K	$215K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04275	+0.043%	$41K	$68K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04279	+0.139%	$12.2M	$42.9M	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	0.04272	−0.025%	$14.8M	$19.6M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04275	+0.046%	$4.6M	$18.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04273	−0.001%	$563K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04277	+0.092%	$11.3M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04278	+0.116%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04277	+0.088%	$3.0M	$3.6M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04274	+0.022%	—	$734K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04276	+0.069%	$27K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04262	−0.263%	$417K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04269	−0.095%	$184K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04367	+2.199%	$1K	$889K	20x	as long as short
Extended STRK-USDshort	+0.0104%	1h	0.04274	+0.033%	$120K	$869K	10x
Deribit STRK_USDC-PERPETUAL	+0.0218%	1h	0.04278	+0.116%	$7K	$44K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04269	−0.095%	$646K	$757K	75x	as long as short