Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h +0.074%

Price spread now: Lighter against Paradex+0.355%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.355% dearer against Paradex than usual: you sell high and buy low, +$36 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	0.04271	0.0099	pay 0.0099% / 8h	2h 03m	$8K	$144	20x
Short	Lighter STRK	0.04286	0.0096	get 0.0012% / 1h	3m 02s	$255K	$443K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.355%Rate

Funding earned: −$0.72
Price spread: +0.355% → 0.000%: $35.53
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $30.81
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 37 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 Lighter live order book, 37 min ago	11.77 bp	27.2 bp −$27	83.4 bp −$834	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	−0.0904%	1h	0.04276	+0.121%	$70K	$102K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0190%	1h	0.04283	+0.287%	$443K	$593K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04277	+0.150%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.712%	$3K	$38K	5.5x	as long as short
Lighter STRKshort	+0.0096%	1h	0.04286	+0.355%	$255K	$443K	5x
Paradex STRK-USD-PERPlong	+0.0099%	8h	0.04271	long leg	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04283	+0.285%	$14.2M	$6.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04277	+0.153%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04276	+0.119%	$42K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04276	+0.130%	$12.1M	$44.4M	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	0.04274	+0.074%	$14.9M	$20.0M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04278	+0.168%	$4.6M	$19.2M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04276	+0.121%	$579K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04278	+0.168%	$11.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04280	+0.215%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04277	+0.154%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04278	+0.168%	—	$727K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04278	+0.168%	$28K	$145K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04272	+0.022%	$415K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04279	+0.182%	$182K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04376	+2.463%	$2K	$869K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04276	+0.129%	$120K	$472K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04270	−0.019%	$685K	$763K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0451%	1h	0.04282	+0.262%	$8K	$43K	25x	as long as short