Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0307%/8h= +33.6% APRpaid last 24h +0.056%

Price spread now: BloFin against Injective−15.464%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

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—needs both histories

Funding pays, the price is against you. BloFin is 15.464% cheaper against Injective than usual: you would sell low and buy high (spread −15.464% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,546 on $10k: about 6 months of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective STRK/USDC PERP	0.05070	0.0033	pay 0.0004% / 1h	20m 12s	$3K	$38K	5.5x
Short	BloFin STRK-USDT	0.04286	0.0340	get 0.0170% / 4h	20m 12s	$660K	$765K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −15.464%Rate

Funding earned: $64.4
Price spread: −15.464% → 0.000%: −$1,546.35
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1,493.97
Costs to cover: 0.120%
Break-even: 169.4 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 61 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 61 min ago	2.31 bp	11.9 bp −$12	30.0 bp −$300	doesn't fit	doesn't fit

Injective: 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	−16.233%	$69K	$86K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04282	−15.539%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04281	−15.562%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERPlong	+0.0033%	1h	0.05070	long leg	$3K	$38K	5.5x
Lighter STRK	+0.0096%	1h	0.04285	−15.483%	$254K	$440K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04279	−15.598%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04282	−15.542%	$14.1M	$5.9M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04280	−15.583%	$33K	$212K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04283	−15.527%	$42K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04277	−15.641%	$12.2M	$43.4M	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	0.04276	−15.661%	$14.8M	$19.7M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04277	−15.641%	$4.6M	$18.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04276	−15.661%	$569K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04277	−15.641%	$11.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04280	−15.582%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04280	−15.588%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04277	−15.641%	—	$735K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04277	−15.641%	$27K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04277	−15.646%	$416K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04261	−15.955%	$184K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04379	−13.629%	$2K	$882K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04275	−15.688%	$119K	$876K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0337%	1h	0.04277	−15.642%	$445K	$506K	20x	as long as short
BloFin STRK-USDTshort	+0.0340%	4h	0.04286	−15.464%	$660K	$765K	75x