Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Hyperliquid against Binance+0.138%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$620.615% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.330%+$33 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.138%, 7d avg +0.159%

Together, before fees+0.322%+ Points / potential airdropHyperliquid: Season 2 · farm board+$32 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 0.022% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STRKUSDT	0.04331	0.0100	pay 0.0050% / 4h	0m 03s	$12.4M	$44.6M	75x
Short	Hyperliquid STRK	0.04337	0.0100	get 0.0013% / 1h	0m 03s	$14.6M	$6.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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 BinancebpFee HyperliquidbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.159%: −$2.16
Slippage, 4 orders: −$42.52
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$63.68
Costs to cover: 0.615%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Hyperliquid: live order book, 3 min ago.

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 Binance live order book, 12 min ago	1.15 bp	14.4 bp −$14	45.8 bp −$458	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	2.31 bp	14.1 bp −$14	36.4 bp −$364	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	−0.0976%	1h	0.04303	−0.647%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0136%	1h	0.04335	+0.101%	$460K	$548K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04326	−0.123%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.062%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04340	+0.207%	$265K	$502K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04328	−0.063%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04337	+0.138%	$14.6M	$6.3M	5x
Aster STRKUSDT	+0.0100%	4h	0.04335	+0.084%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04330	−0.028%	$43K	$69K	5x	as long as short
Binance STRKUSDTlong	+0.0100%	4h	0.04331	long leg	$12.4M	$44.6M	75x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04328	−0.070%	$15.2M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04333	+0.045%	$4.7M	$19.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04333	+0.045%	$568K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04333	+0.045%	$12.2M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04336	+0.115%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04333	+0.036%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04334	+0.069%	—	$728K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04335	+0.092%	$30K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04320	−0.261%	$429K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04319	−0.285%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04429	+2.262%	$1K	$844K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04332	+0.029%	$121K	$659K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04324	−0.162%	$764K	$788K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0442%	1h	0.04336	+0.115%	$8K	$44K	25x	as long as short