Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.238%

Price spread now: dYdX against BingX+0.304%7-day average — · you sell dearer than you buy

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

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.304% dearer against BingX than usual: you sell high and buy low (spread +0.304% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STRK-USDC	0.04325	0.0100	pay 0.0050% / 4h	2h 00m	—	$730K	—
Short	dYdX STRK-USD	0.04338	0	get 0.0000% / 1h	0m 06s	$20K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BingX. 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 BingXbpFee dYdXbpOrdersPrice spread, now +0.304%Rate

Funding earned: −$21
Price spread: +0.304% → 0.000%: $30.36
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$10.64
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BingX: live order book, 74 min ago; dYdX: 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 BingX live order book, 74 min ago	2.31 bp	17.5 bp −$17	39.0 bp −$390	267.3 bp −$26.7K	658.1 bp −$329.0K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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 23 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	−0.0560%	1h	0.04277	−1.110%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0305%	1h	0.04328	+0.075%	$455K	$530K	20x	as long as short
dYdX STRK-USDshort	0.0000%	1h	0.04338	+0.304%	$20K	$24K	5x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.225%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04333	+0.190%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04330	+0.116%	$14.6M	$7.1M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04330	+0.117%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04338	+0.308%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04327	+0.046%	$12.3M	$46.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04326	+0.023%	$15.0M	$20.8M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04330	+0.116%	$4.7M	$21.2M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04327	+0.046%	$586K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04326	+0.023%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04329	+0.092%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04327	+0.044%	$3.0M	$3.8M	75x	as long as short
BingX STRK-USDClong	+0.0100%	4h	0.04325	long leg	—	$730K	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04325	0.000%	$24K	$145K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04334	+0.214%	$368K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04334	+0.205%	$191K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04430	+2.428%	$1K	$838K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04329	+0.103%	$120K	$665K	10x	as long as short
Lighter STRK	+0.0168%	1h	0.04337	+0.277%	$265K	$507K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0443%	1h	0.04333	+0.185%	$8K	$44K	25x	as long as short