Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: MEXC against Hyperliquid−0.047%7-day average −0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 7 days−0.066%−$7 · spread now −0.047%, 7d avg −0.148%

Together, before fees−0.396%+ Points / potential airdropHyperliquid: Season 2 · farm board−$40 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: MEXC is 0.101% dearer against Hyperliquid than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04300	0.0100	pay 0.0013% / 1h	55m 51s	$14.1M	$5.8M	5x
Short	MEXC STRK_USDT	0.04298	0.0100	get 0.0050% / 4h	3h 55m	$11.4M	$2.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.148%: $10.14
Slippage, 4 orders: −$25.39
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$28.24
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; MEXC: live order book, 2 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, 7 min ago	1.16 bp	10.3 bp −$10	30.7 bp −$307	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.16 bp	6.6 bp −$7	16.5 bp −$165	86.3 bp −$8,630	177.0 bp −$88.5K

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	−0.860%	$69K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0330%	1h	0.04308	+0.179%	$448K	$486K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04313	+0.298%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.907%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04310	+0.233%	$256K	$439K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04312	+0.286%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04300	long leg	$14.1M	$5.8M	5x
Aster STRKUSDT	+0.0100%	4h	0.04300	+0.008%	$33K	$212K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04316	+0.374%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04297	−0.070%	$12.2M	$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	0.04293	−0.163%	$14.8M	$19.6M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04294	−0.140%	$4.6M	$18.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04295	−0.116%	$569K	$1.3M	50x	as long as short
MEXC STRK_USDTshort	+0.0100%	4h	0.04298	−0.047%	$11.4M	$2.0M	100x
KuCoin STRKUSDTM	+0.0100%	4h	0.04301	+0.023%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04297	−0.081%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04297	−0.070%	—	$9.7M	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04304	+0.088%	$424K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04304	+0.093%	$184K	$3.4M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04414	+2.651%	$1K	$886K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04294	−0.131%	$120K	$878K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0170%	1h	0.04300	0.000%	$27K	$143K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04308	+0.186%	$654K	$766K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0446%	1h	0.04312	+0.279%	$8K	$43K	25x	as long as short