Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.097%

Price spread now: Binance against Lighter−0.322%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$860.857% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.403%−$40 on $10k

Price spread, last 4 days (all we have)+0.248%+$25 · spread now −0.322%, 7d avg −0.103%

Together, before fees−0.155%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.218% cheaper against Lighter than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.103%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04352	0.0192	pay 0.0024% / 1h	2m 53s	$266K	$507K	5x
Short	Binance STRKUSDT	0.04338	0.0100	get 0.0050% / 4h	2h 02m	$12.4M	$46.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.322%Rate

Funding earned: −$19.32
Price spread: −0.322% → −0.103%: −$21.85
Slippage, 4 orders: −$75.71
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$126.88
Costs to cover: 0.857%
Break-even: never at this rate

Slippage from Lighter: live order book, 57 min ago; Binance: live order book, 9 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 Lighter live order book, 57 min ago	18.48 bp	36.3 bp −$36	73.3 bp −$733	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.15 bp	12.6 bp −$13	36.2 bp −$362	381.4 bp −$38.1K	doesn't fit

STRK on 23 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	−0.0560%	1h	0.04277	−1.723%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0304%	1h	0.04343	−0.211%	$456K	$530K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04339	−0.308%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.498%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04342	−0.235%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04341	−0.253%	$14.7M	$7.1M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04341	−0.262%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04343	−0.207%	$43K	$69K	5x	as long as short
Binance STRKUSDTshort	+0.0100%	4h	0.04338	−0.322%	$12.4M	$46.8M	75x
Bybit STRKUSDT	+0.0100%	4h	0.04336	−0.368%	$15.0M	$20.9M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04339	−0.299%	$4.7M	$21.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04338	−0.322%	$590K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04337	−0.345%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04338	−0.322%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04338	−0.310%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04338	−0.322%	—	$728K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04339	−0.299%	$24K	$146K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04331	−0.488%	$368K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04330	−0.498%	$191K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04446	+2.160%	$2K	$838K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04334	−0.414%	$120K	$665K	10x	as long as short
Lighter STRKlong	+0.0192%	1h	0.04352	long leg	$266K	$507K	5x
Deribit STRK_USDC-PERPETUAL	+0.0210%	1h	0.04346	−0.138%	$8K	$44K	25x	as long as short