Settings8H · net · $10k
Funding arb · Price arb /

STRK

all STRK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%
Price spread now: Hyperliquid against Bybit+0.185%7-day average +0.202% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$680.681% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.332%+$33 on $10k
Price spread, last 7 days−0.020%−$2 · spread now +0.185%, 7d avg +0.202%
Together, before fees+0.312%+ Points / potential airdropHyperliquid: Season 2 · farm board+$31 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit STRKUSDT0.043250.0100pay 0.0050% / 4h3h 59m$15.2M$20.1M50x
ShortHyperliquid STRK0.043330.0100get 0.0013% / 1h59m 31s$14.6M$6.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.185% → +0.202%
−$1.68
Slippage, 4 orders
−$48.14
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$69.81
Costs to cover
0.681%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago1.16 bp17.1 bp −$1756.2 bp −$562doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago2.31 bp14.1 bp −$1436.4 bp −$364doesn't fitdoesn't fit

STRK on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International STRK-PERP-INTX−0.0976%1h0.04303−0.509%$75K$98K25xas long as short
Kraken Futures PF_STRKUSD−0.0136%1h0.04335+0.241%$460K$548K20xas long as short
dYdX STRK-USD0.0000%1h0.04337+0.282%$20K$24K5xas long as short
Injective STRK/USDC PERP+0.0033%1h0.05070+17.225%$3K$38K5.5xas long as short
Lighter STRK+0.0096%1h0.04342+0.393%$265K$463K5xas long as short
Paradex STRK-USD-PERP+0.0100%8h0.04330+0.127%$8K$14420xas long as short
Hyperliquid STRKshort+0.0100%1h0.04333+0.185%$14.6M$6.3M5x
Aster STRKUSDT+0.0100%4h0.04335+0.242%$33K$229K10xas long as short
Pacifica STRK+0.0100%1h0.04333+0.180%$43K$69K5xas long as short
Binance STRKUSDT+0.0100%4h0.04328+0.067%$12.4M$44.6M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit STRKUSDTlong+0.0100%4h0.04325long leg$15.2M$20.1M50x
OKX STRK-USDT-SWAP+0.0100%4h0.04328+0.069%$4.7M$19.8M50xas long as short
Gate STRK_USDT+0.0100%4h0.04327+0.046%$567K$1.3M50xas long as short
MEXC STRK_USDT+0.0100%4h0.04327+0.046%$12.2M$1.9M100xas long as short
KuCoin STRKUSDTM+0.0100%4h0.04332+0.162%$1.5M$1.8M50xas long as short
Bitget STRKUSDT+0.0100%4h0.04332+0.160%$3.1M$3.7M75xas long as short
BingX STRK-USDT+0.0100%4h0.04330+0.116%$9.2Mas long as short
Backpack STRK_USDC_PERP+0.0100%1h0.04335+0.231%$30K$143K10xas long as short
Variational Omni STRK+0.0100%4h0.04320−0.122%$429K$1.9Mas long as short
GRVT STRK_USDT_Perp+0.0100%4h0.04319−0.146%$186K$3.5M10xas long as short
SunX STRK-USDT+0.0100%4h0.04429+2.405%$1K$844K20xas long as short
Extended STRK-USD+0.0104%1h0.04329+0.100%$121K$659K10xas long as short
BloFin STRK-USDT+0.0340%4h0.04324−0.023%$764K$788K75xas long as short
Deribit STRK_USDC-PERPETUAL+0.0442%1h0.04336+0.254%$8K$44K25xas long as short