Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= −0.1% APRpaid last 24h −0.003%

Price spread now: Paradex against Backpack+0.016%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Paradex

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 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack STRK_USDC_PERP	0.04202	0.0100	pay 0.0013% / 1h	50m 24s	$30K	$139K	10x
Short	Paradex STRK-USD-PERP	0.04203	0.0100	get 0.0100% / 8h	4h 50m	$8K	$2K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Backpack. 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 BackpackbpFee ParadexbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$0.1
Price spread: +0.016% → 0.000%: $1.56
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.54
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 56 min ago; Paradex: no order-book sample. 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 Backpack live order book, 56 min ago	1.18 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 exchanges

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	−0.1728%	1h	0.04168	−0.809%	$67K	$70K	25x	as long as short
Bybit STRKUSDT	−0.0483%	4h	0.04203	+0.024%	$14.2M	$19.1M	50x	as long as short
Kraken Futures PF_STRKUSD	−0.0411%	1h	0.04205	+0.072%	$448K	$484K	20x	as long as short
Variational Omni STRK	−0.0343%	4h	0.04201	−0.015%	$412K	$1.8M	—	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+20.657%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04210	+0.190%	$245K	$428K	5x	as long as short
Paradex STRK-USD-PERPshort	+0.0100%	8h	0.04203	+0.016%	$8K	$2K	20x
Hyperliquid STRK	+0.0100%	1h	0.04213	+0.262%	$13.6M	$5.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04210	+0.186%	$32K	$169K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04206	+0.090%	$39K	$71K	5x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04212	+0.229%	$11.9M	$39.8M	75x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04208	+0.143%	$4.4M	$16.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04207	+0.119%	$538K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04210	+0.190%	$11.2M	$1.9M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04211	+0.214%	$1.5M	$1.6M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04211	+0.209%	$2.9M	$3.4M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04208	+0.143%	—	$731K	—	as long as short
Backpack STRK_USDC_PERPlong	+0.0100%	1h	0.04202	long leg	$30K	$139K	10x
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04223	+0.500%	$181K	$3.4M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04307	+2.499%	$2K	$889K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04203	+0.028%	$117K	$868K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04206	+0.095%	$618K	$674K	75x	as long as short
dYdX STRK-USD	+0.0354%	1h	0.04207	+0.128%	$20K	$19	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0701%	1h	0.04209	+0.167%	$3K	$43K	25x	as long as short