Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0343%/8h= −37.5% APRpaid last 24h −0.159%

Price spread now: Bybit against Deribit−0.185%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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 −$10 a day on $10k at the current rate, and Bybit is 0.185% cheaper against Deribit than usual: you would sell low and buy high (−$18 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	Deribit STRK_USDC-PERPETUAL	0.04334	0.0443	pay 0.0055% / 1h	53m 13s	$8K	$44K	25x
Short	Bybit STRKUSDT	0.04326	0.0100	get 0.0050% / 4h	3h 53m	$15.2M	$20.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Deribit. 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 DeribitbpFee BybitbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$71.96
Price spread: −0.185% → 0.000%: −$18.46
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$108.42
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Bybit: live order book, just now. 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 Deribit no order-book sample	—	—	—	—	—
Sell Bybit live order book, just now	2.31 bp	17.3 bp −$17	64.0 bp −$640	doesn't fit	doesn't fit

Deribit: 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	−0.1032%	1h	0.04303	−0.715%	$75K	$98K	25x	as long as short
Gate STRK_USDT	−0.0314%	4h	0.04322	−0.277%	$566K	$1.3M	50x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04326	−0.193%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.982%	$3K	$38K	5.5x	as long as short
Kraken Futures PF_STRKUSD	+0.0059%	1h	0.04333	−0.033%	$459K	$557K	20x	as long as short
Lighter STRK	+0.0096%	1h	0.04339	+0.115%	$265K	$464K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04322	−0.269%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04332	−0.046%	$14.6M	$6.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04327	−0.156%	$33K	$227K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04326	−0.178%	$43K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04330	−0.090%	$12.4M	$44.6M	75x	as long as short
Bybit STRKUSDTshort	+0.0100%	4h	0.04326	−0.185%	$15.2M	$20.1M	50x
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04330	−0.092%	$4.7M	$19.8M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04329	−0.115%	$12.1M	$1.9M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04327	−0.162%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04329	−0.122%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04327	−0.162%	—	$9.2M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04331	−0.069%	$30K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04310	−0.560%	$428K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04313	−0.473%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04428	+2.169%	$2K	$845K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04328	−0.132%	$121K	$659K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04331	−0.069%	$750K	$785K	75x	as long as short
Deribit STRK_USDC-PERPETUALlong	+0.0443%	1h	0.04334	long leg	$8K	$44K	25x