Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Hyperliquid against Variational Omni+0.054%7-day average +0.160% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.307%+$31 on $10k

Price spread, last 7 days+0.119%+$12 · spread now +0.054%, 7d avg +0.160%

Together, before fees+0.426%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$43 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 0.106% cheaper against Variational Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.160%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRK	0.04337	0.0100	pay 0.0050% / 4h	43m 13s	$426K	$1.9M	—
Short	Hyperliquid STRK	0.04339	0.0100	get 0.0013% / 1h	43m 13s	$14.3M	$5.9M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.160%: −$10.57
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$19.57
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Hyperliquid: live order book, 10 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 Variational Omni RFQ quote, 1 min ago	5.77 bp	doesn't fit	61.2 bp −$612	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	2.31 bp	12.7 bp −$13	42.5 bp −$425	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	−0.1224%	1h	0.04271	−1.514%	$70K	$87K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04337	−0.001%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.910%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04336	−0.015%	$257K	$440K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04336	−0.009%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04339	+0.054%	$14.3M	$5.9M	5x
Aster STRKUSDT	+0.0100%	4h	0.04331	−0.130%	$33K	$227K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04341	+0.098%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04329	−0.180%	$12.3M	$43.9M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04327	−0.223%	$15.1M	$20.0M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04329	−0.177%	$4.7M	$18.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04336	−0.015%	$578K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04331	−0.130%	$11.5M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04338	+0.031%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04333	−0.089%	$3.0M	$3.8M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04333	−0.084%	—	$10.0M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04334	−0.061%	$29K	$144K	10x	as long as short
Variational Omni STRKlong	+0.0100%	4h	0.04337	long leg	$426K	$1.9M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04333	−0.084%	$184K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04432	+2.199%	$1K	$880K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04329	−0.169%	$120K	$874K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0212%	1h	0.04335	−0.038%	$8K	$43K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.0333%	1h	0.04332	−0.113%	$451K	$548K	20x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04330	−0.153%	$670K	$775K	75x	as long as short