Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against BingX+14.550%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 Injective

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—needs both histories

The price spread pays, funding is against you. Injective is 14.550% dearer against BingX than usual: you sell high and buy low (spread +14.550% now, against zero (this spread has no 7-day history yet)): +$1,455 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 24 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STRK-USDT	0.04426	0.0100	pay 0.0050% / 4h	2h 22m	—	$25.9M	—
Short	Injective STRK/USDC PERP	0.05070	0.0033	get 0.0004% / 1h	22m 36s	$3K	$38K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +14.550%Rate

Funding earned: −$14
Price spread: +14.550% → 0.000%: $1,455.04
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,431.02
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 11 min ago; Injective: 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, 11 min ago	4.53 bp	16.5 bp −$16	36.2 bp −$362	371.8 bp −$37.2K	766.7 bp −$383.4K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 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	0.04425	−0.023%	$63K	$91K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04431	+0.109%	$21K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04435	+0.203%	$8K	$24K	25x	as long as short
Injective STRK/USDC PERPshort	+0.0033%	1h	0.05070	+14.550%	$3K	$38K	5.5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04425	−0.026%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04433	+0.158%	$15.2M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04429	+0.063%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04430	+0.090%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04424	−0.045%	$12.8M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04422	−0.090%	$15.7M	$21.1M	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	0.04423	−0.068%	$4.9M	$23.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04430	+0.090%	$594K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04428	+0.045%	$11.7M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04431	+0.113%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04427	+0.014%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDTlong	+0.0100%	4h	0.04426	long leg	—	$25.9M	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04431	+0.113%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04439	+0.302%	$360K	$1.7M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04437	+0.256%	$191K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04536	+2.485%	$2K	$816K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04423	−0.068%	$123K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0124%	4h	0.04429	+0.068%	$786K	$727K	75x	as long as short
Lighter STRK	+0.0224%	1h	0.04438	+0.271%	$274K	$541K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0335%	1h	0.04439	+0.290%	$472K	$492K	20x	as long as short