Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.095%

Price spread now: KuCoin against Lighter−0.206%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$920.915% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.502%−$50 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.206%, 7d avg −0.062%

Together, before fees−0.511%+ Points / potential airdropLighter: Season 3 · farm board−$51 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 KuCoin is 0.145% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04365	0.0208	pay 0.0026% / 1h	49m 51s	$265K	$506K	5x
Short	KuCoin STRKUSDTM	0.04356	0.0100	get 0.0050% / 4h	3h 49m	$1.5M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.206%Rate

Funding earned: −$22.68
Price spread: −0.206% → −0.062%: −$14.46
Slippage, 4 orders: −$79.54
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$128.68
Costs to cover: 0.915%
Break-even: never at this rate

Slippage from Lighter: live order book, 15 min ago; KuCoin: live order book, 6 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, 15 min ago	9.13 bp	18.3 bp −$18	59.8 bp −$598	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.29 bp	22.6 bp −$23	69.0 bp −$690	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	−0.0576%	1h	0.04342	−0.527%	$62K	$95K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0401%	1h	0.04356	−0.209%	$465K	$517K	20x	as long as short
Bybit STRKUSDT	−0.0165%	4h	0.04350	−0.344%	$15.3M	$21.5M	50x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04362	−0.073%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.151%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0091%	4h	0.04369	+0.092%	$747K	$727K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04356	−0.208%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04357	−0.183%	$14.8M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04357	−0.185%	$33K	$346K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04360	−0.115%	$43K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04355	−0.229%	$12.4M	$49.3M	75x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04354	−0.252%	$4.8M	$22.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04355	−0.229%	$581K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04356	−0.206%	$12.4M	$2.2M	100x	as long as short
KuCoin STRKUSDTMshort	+0.0100%	4h	0.04356	−0.206%	$1.5M	$1.9M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04355	−0.238%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04352	−0.298%	—	$728K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04355	−0.229%	$24K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04360	−0.119%	$352K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04365	+0.007%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04457	+2.108%	$1K	$838K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04351	−0.311%	$121K	$675K	10x	as long as short
Lighter STRKlong	+0.0208%	1h	0.04365	long leg	$265K	$506K	5x
Deribit STRK_USDC-PERPETUAL	+0.0668%	1h	0.04360	−0.115%	$8K	$44K	25x	as long as short