Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.037%

Price spread now: Lighter against Gate+0.190%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.411%+$41 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.190%, 7d avg +0.118%

Together, before fees+0.471%+ Points / potential airdropLighter: Season 3 · farm board+$47 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.072% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STRK_USDT	0.04202	0.0100	pay 0.0050% / 4h	50m 37s	$539K	$1.3M	50x
Short	Lighter STRK	0.04210	0.0096	get 0.0012% / 1h	50m 37s	$245K	$428K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.190%Rate

Funding earned: −$0.84
Price spread: +0.190% → +0.118%: $7.24
Slippage, 4 orders: −$96.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$104.92
Costs to cover: 1.113%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 47 min ago.

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 Gate live order book, 5 min ago	2.37 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 47 min ago	8.26 bp	14.7 bp −$15	64.3 bp −$643	doesn't fit	doesn't fit

STRK on 24 exchanges

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	−0.1728%	1h	0.04168	−0.809%	$67K	$70K	25x	as long as short
Bybit STRKUSDT	−0.0483%	4h	0.04206	+0.095%	$14.3M	$19.1M	50x	as long as short
Kraken Futures PF_STRKUSD	−0.0411%	1h	0.04205	+0.072%	$448K	$484K	20x	as long as short
Variational Omni STRK	−0.0343%	4h	0.04201	−0.015%	$412K	$1.8M	—	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+20.657%	$3K	$38K	5.5x	as long as short
Lighter STRKshort	+0.0096%	1h	0.04210	+0.190%	$245K	$428K	5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04203	+0.016%	$8K	$2K	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04208	+0.143%	$13.6M	$5.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04208	+0.143%	$32K	$169K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04206	+0.090%	$39K	$71K	5x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04209	+0.176%	$11.9M	$39.8M	75x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04209	+0.167%	$4.4M	$16.7M	50x	as long as short
Gate STRK_USDTlong	+0.0100%	4h	0.04202	long leg	$539K	$1.3M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04205	+0.071%	$11.2M	$1.9M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04207	+0.119%	$1.5M	$1.6M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04205	+0.076%	$2.9M	$3.4M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04203	+0.024%	—	$9.4M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04202	0.000%	$30K	$139K	10x	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04223	+0.500%	$181K	$3.4M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04307	+2.499%	$2K	$889K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04203	+0.028%	$117K	$868K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04206	+0.095%	$618K	$674K	75x	as long as short
dYdX STRK-USD	+0.0354%	1h	0.04207	+0.128%	$20K	$19	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0701%	1h	0.04209	+0.167%	$3K	$43K	25x	as long as short