Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.049%

Price spread now: Pacifica against Hyperliquid−0.045%54s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.045% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04402	0.0100	pay 0.0013% / 1h	44m 46s	$15.1M	$7.3M	5x
Short	Pacifica STRK	0.04400	0.0100	get 0.0013% / 1h	44m 46s	$42K	$49K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → 0.000%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$21.54
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; Pacifica: 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 Hyperliquid live order book, 8 min ago	1.14 bp	13.3 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: 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	−0.0352%	1h	0.04374	−0.636%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04401	−0.023%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.175%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04400	−0.056%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04402	long leg	$15.1M	$7.3M	5x
Aster STRKUSDT	+0.0100%	4h	0.04401	−0.017%	$35K	$374K	10x	as long as short
Pacifica STRKshort	+0.0100%	1h	0.04400	−0.045%	$42K	$49K	5x
Binance STRKUSDT	+0.0100%	4h	0.04398	−0.091%	$12.7M	$50.5M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04391	−0.250%	$15.4M	$21.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04395	−0.159%	$4.9M	$23.9M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04398	−0.091%	$591K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04396	−0.136%	$11.6M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04393	−0.204%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04397	−0.109%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04394	−0.182%	—	$30.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04396	−0.136%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04391	−0.261%	$264K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04396	−0.129%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04502	+2.272%	$1K	$810K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04395	−0.169%	$122K	$626K	10x	as long as short
Lighter STRK	+0.0144%	1h	0.04411	+0.204%	$272K	$541K	5x	as long as short
BloFin STRK-USDT	+0.0148%	4h	0.04402	0.000%	$779K	$722K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0204%	1h	0.04404	+0.045%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.0338%	1h	0.04406	+0.098%	$469K	$495K	20x	as long as short