Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.094%

Price spread now: MEXC against Lighter−0.207%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$640.635% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.404%−$40 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.207%, 7d avg −0.081%

Together, before fees−0.383%+ Points / potential airdropLighter: Season 3 · farm board−$38 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 0.126% cheaper against Lighter than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04351	0.0096	pay 0.0012% / 1h	14m 47s	$265K	$501K	5x
Short	MEXC STRK_USDT	0.04342	0.0100	get 0.0050% / 4h	14m 47s	$12.2M	$2.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.207%Rate

Funding earned: $0.84
Price spread: −0.207% → −0.081%: −$12.59
Slippage, 4 orders: −$59.51
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$75.26
Costs to cover: 0.635%
Break-even: 634.2 days

Slippage from Lighter: live order book, 35 min ago; MEXC: live order book, 3 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, 35 min ago	8.06 bp	25.9 bp −$26	65.0 bp −$650	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	3.45 bp	8.6 bp −$9	26.1 bp −$261	92.3 bp −$9,233	180.0 bp −$90.0K

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	−0.0976%	1h	0.04311	−0.919%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0135%	1h	0.04348	−0.064%	$461K	$550K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04347	−0.089%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.525%	$3K	$38K	5.5x	as long as short
Lighter STRKlong	+0.0096%	1h	0.04351	long leg	$265K	$501K	5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04346	−0.108%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04346	−0.115%	$14.6M	$6.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04343	−0.192%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04348	−0.067%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04343	−0.184%	$12.5M	$44.6M	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	0.04337	−0.322%	$15.3M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04341	−0.230%	$4.7M	$20.0M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04338	−0.299%	$569K	$1.4M	50x	as long as short
MEXC STRK_USDTshort	+0.0100%	4h	0.04342	−0.207%	$12.2M	$2.0M	100x
KuCoin STRKUSDTM	+0.0100%	4h	0.04344	−0.161%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04342	−0.216%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04341	−0.230%	—	$9.2M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04342	−0.207%	$30K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04343	−0.190%	$431K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04356	+0.115%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04451	+2.298%	$1K	$842K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04338	−0.291%	$122K	$661K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0211%	1h	0.04345	−0.138%	$8K	$44K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04348	−0.069%	$769K	$800K	75x	as long as short