Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.085%

Price spread now: Lighter against Variational Omni+0.744%7-day average +0.047% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.366%+$37 on $10k

Price spread, last 4 days (all we have)−4.231%−$423 · spread now +0.744%, 7d avg +0.047%

Together, before fees−3.864%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$386 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.697% dearer against Variational Omni than usual: you sell high and buy low: +$70 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRK	0.04381	0.0100	pay 0.0050% / 4h	2h 08m	$258K	$1.8M	—
Short	Lighter STRK	0.04414	0.0256	get 0.0032% / 1h	8m 37s	$272K	$542K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now +0.744%Rate

Funding earned: $32.76
Price spread: +0.744% → +0.047%: $69.73
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $102.49
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; Lighter: live order book, 7 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, just now	5.69 bp	doesn't fit	42.1 bp −$421	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	9.06 bp	25.1 bp −$25	70.0 bp −$700	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	−0.0352%	1h	0.04374	−0.169%	$62K	$94K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04402	+0.478%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.717%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04403	+0.493%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04409	+0.630%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04404	+0.520%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04405	+0.541%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04405	+0.539%	$12.7M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04400	+0.425%	$15.4M	$21.3M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04401	+0.448%	$4.9M	$23.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04406	+0.562%	$591K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04405	+0.539%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04403	+0.493%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04403	+0.500%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04403	+0.493%	—	$25.9M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04403	+0.493%	$25K	$152K	10x	as long as short
Variational Omni STRKlong	+0.0100%	4h	0.04381	long leg	$258K	$1.8M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04386	+0.114%	$193K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04500	+2.707%	$2K	$819K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04402	+0.471%	$121K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0132%	4h	0.04400	+0.425%	$773K	$728K	75x	as long as short
Lighter STRKshort	+0.0256%	1h	0.04414	+0.744%	$272K	$542K	5x
Kraken Futures PF_STRKUSD	+0.0338%	1h	0.04406	+0.570%	$469K	$491K	20x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0431%	1h	0.04407	+0.585%	$8K	$24K	25x	as long as short