Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.293%

Price spread now: dYdX against Bybit−0.094%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.094% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STRKUSDT	0.04392	0.0100	pay 0.0050% / 4h	22m 28s	$15.6M	$21.4M	50x
Short	dYdX STRK-USD	0.04388	0.0000	get 0.0000% / 1h	22m 28s	$20K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$20.91
Price spread: −0.094% → 0.000%: −$9.37
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$51.28
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.14 bp	16.0 bp −$16	53.7 bp −$537	doesn't fit	doesn't fit
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 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	−0.0584%	1h	0.04376	−0.364%	$62K	$95K	25x	as long as short
dYdX STRK-USDshort	0.0000%	1h	0.04388	−0.094%	$20K	$24K	5x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.437%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04387	−0.116%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04390	−0.046%	$14.9M	$7.5M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04388	−0.097%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04387	−0.114%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04394	+0.048%	$12.6M	$49.6M	75x	as long as short
Bybit STRKUSDTlong	+0.0100%	4h	0.04392	long leg	$15.6M	$21.4M	50x
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04394	+0.046%	$4.9M	$23.3M	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	0.04385	−0.159%	$587K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04388	−0.091%	$12.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04388	−0.091%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04392	0.000%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04387	−0.114%	—	$26.4M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04387	−0.114%	$25K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04388	−0.091%	$354K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04396	+0.101%	$189K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04487	+2.163%	$2K	$834K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04389	−0.073%	$121K	$625K	10x	as long as short
BloFin STRK-USDT	+0.0150%	4h	0.04386	−0.137%	$744K	$728K	75x	as long as short
Kraken Futures PF_STRKUSD	+0.0504%	1h	0.04389	−0.076%	$470K	$512K	20x	as long as short
Lighter STRK	+0.0704%	1h	0.04398	+0.137%	$272K	$507K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0890%	1h	0.04392	0.000%	$2K	$34K	25x	as long as short