Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.030%

Price spread now: BloFin against Hyperliquid−0.232%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$510.514% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 4 days (all we have)+1.500%+$150 · spread now −0.232%, 7d avg −0.071%

Together, before fees+1.240%+ Points / potential airdropHyperliquid: Season 2 · farm board+$124 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.161% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of −0.071%). If the spread goes back, that is −$16 on $10k: about 2.2 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.260%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04318	0.0100	pay 0.0013% / 1h	56m 49s	$14.2M	$5.8M	5x
Short	BloFin STRK-USDT	0.04308	0.0340	get 0.0170% / 4h	3h 56m	$654K	$766K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Hyperliquid. 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 HyperliquidbpFee BloFinbpOrdersPrice spread, now −0.232%Rate

Funding earned: $50.4
Price spread: −0.232% → −0.071%: −$16.1
Slippage, 4 orders: −$30.36
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$17.06
Costs to cover: 0.514%
Break-even: 9.4 days

Slippage from Hyperliquid: live order book, 6 min ago; BloFin: live order book, 20 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 Hyperliquid live order book, 6 min ago	1.16 bp	10.3 bp −$10	30.7 bp −$307	doesn't fit	doesn't fit
Sell BloFin live order book, 20 min ago	2.33 bp	15.3 bp −$15	27.4 bp −$274	doesn't fit	doesn't fit

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	−0.1448%	1h	0.04263	−1.274%	$69K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0330%	1h	0.04311	−0.167%	$448K	$486K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04313	−0.120%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.415%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04321	+0.069%	$257K	$439K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04308	−0.223%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04318	long leg	$14.2M	$5.8M	5x
Aster STRKUSDT	+0.0100%	4h	0.04315	−0.076%	$33K	$212K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04316	−0.044%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04315	−0.059%	$12.3M	$43.1M	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	0.04311	−0.162%	$14.9M	$19.6M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04313	−0.116%	$4.6M	$18.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04309	−0.208%	$571K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04312	−0.139%	$11.4M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04315	−0.069%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04315	−0.063%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04312	−0.139%	—	$9.7M	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04294	−0.558%	$418K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04304	−0.324%	$184K	$3.4M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04409	+2.107%	$1K	$886K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04311	−0.153%	$120K	$878K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0125%	1h	0.04311	−0.162%	$27K	$143K	10x	as long as short
BloFin STRK-USDTshort	+0.0340%	4h	0.04308	−0.232%	$654K	$766K	75x
Deribit STRK_USDC-PERPETUAL	+0.0446%	1h	0.04315	−0.069%	$8K	$43K	25x	as long as short