Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.083%

Price spread now: Paradex against Lighter−0.153%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Paradex

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—+ Points / potential airdropLighter: Season 3 · Paradex: 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: Paradex is 0.153% cheaper against Lighter than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04337	0.0096	pay 0.0012% / 1h	20m 08s	$265K	$464K	5x
Short	Paradex STRK-USD-PERP	0.04330	0.0100	get 0.0100% / 8h	3h 20m	$8K	$144	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0.84
Price spread: −0.153% → 0.000%: −$15.28
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.44
Costs to cover: 0.040%
Break-even: 161.0 days

Slippage unknown: Lighter: live order book, 25 min ago; Paradex: 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 Lighter live order book, 25 min ago	8.07 bp	24.7 bp −$25	66.2 bp −$662	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.1032%	1h	0.04316	−0.484%	$71K	$101K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04329	−0.179%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04334	−0.069%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.901%	$3K	$38K	5.5x	as long as short
Kraken Futures PF_STRKUSD	+0.0059%	1h	0.04333	−0.082%	$457K	$570K	20x	as long as short
Lighter STRKlong	+0.0096%	1h	0.04337	long leg	$265K	$464K	5x
Paradex STRK-USD-PERPshort	+0.0100%	8h	0.04330	−0.153%	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04332	−0.115%	$14.5M	$6.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04327	−0.235%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04330	−0.161%	$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	0.04326	−0.242%	$12.4M	$44.5M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04325	−0.277%	$15.2M	$20.0M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04327	−0.231%	$4.7M	$19.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04326	−0.254%	$569K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04328	−0.208%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04328	−0.208%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04328	−0.205%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04326	−0.254%	—	$9.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04328	−0.208%	$30K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04327	−0.237%	$431K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04319	−0.405%	$190K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04431	+2.167%	$1K	$847K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04328	−0.200%	$119K	$594K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04324	−0.300%	$729K	$772K	75x	as long as short