Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.080%

Price spread now: Paradex against dYdX−0.050%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.050% cheaper against dYdX than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX STRK-USD	0.04291	0	get 0.0000% / 1h	12m 38s	$20K	$24K	5x
Short	Paradex STRK-USD-PERP	0.04289	0.0100	get 0.0100% / 8h	12m 38s	$8K	$144	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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 dYdXbpFee ParadexbpOrdersPrice spread, now −0.050%Rate

Funding earned: $20.98
Price spread: −0.050% → 0.000%: −$5
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $1.98
Costs to cover: 0.140%
Break-even: 6.3 days

Slippage unknown: dYdX: no order-book sample; Paradex: 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 dYdX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

dYdX and Paradex: 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	−0.1224%	1h	0.04247	−1.023%	$69K	$86K	25x	as long as short
dYdX STRK-USDlong	0.0000%	1h	0.04291	long leg	$20K	$24K	5x
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04297	+0.142%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.157%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04296	+0.119%	$255K	$441K	5x	as long as short
Paradex STRK-USD-PERPshort	+0.0100%	8h	0.04289	−0.050%	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04293	+0.049%	$14.1M	$5.9M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04292	+0.025%	$33K	$212K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04292	+0.033%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04289	−0.044%	$12.2M	$43.2M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04287	−0.091%	$14.8M	$19.7M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04288	−0.068%	$4.6M	$18.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04290	−0.021%	$570K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04293	+0.049%	$11.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04293	+0.049%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04292	+0.037%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04289	−0.044%	—	$9.7M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04292	+0.026%	$28K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04283	−0.188%	$417K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04287	−0.091%	$183K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04395	+2.426%	$1K	$885K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04288	−0.058%	$119K	$876K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0336%	1h	0.04292	+0.034%	$446K	$499K	20x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04296	+0.119%	$653K	$764K	75x	as long as short