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: Variational Omni against Lighter−0.307%7-day average −0.064% · you buy dearer than you sell

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.386%−$39 on $10k

Price spread, last 4 days (all we have)+3.794%+$379 · spread now −0.307%, 7d avg −0.064%

Together, before fees+3.408%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$341 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: Variational Omni is 0.243% cheaper against Lighter than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter STRK	0.04327	0.0096	pay 0.0012% / 1h	41m 05s	$264K	$501K	5x
Short	Variational Omni STRK	0.04314	0.0100	get 0.0050% / 4h	41m 05s	$427K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.307%Rate

Funding earned: $0.84
Price spread: −0.307% → −0.064%: −$24.34
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.5
Costs to cover: 0.000%
Break-even: 202.8 days

Slippage unknown: Lighter: live order book, 9 min ago; Variational Omni: RFQ quote, 3 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 Lighter live order book, 9 min ago	8.06 bp	25.9 bp −$26	65.0 bp −$650	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.62 bp	doesn't fit	76.2 bp −$762	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	−0.0976%	1h	0.04290	−0.855%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0136%	1h	0.04320	−0.157%	$451K	$524K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04325	−0.042%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04319	−0.185%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.171%	$3K	$38K	5.5x	as long as short
Lighter STRKlong	+0.0096%	1h	0.04327	long leg	$264K	$501K	5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04320	−0.171%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04325	−0.046%	$14.6M	$6.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04320	−0.153%	$33K	$269K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04325	−0.046%	$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	0.04325	−0.046%	$12.4M	$45.3M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04326	−0.023%	$15.2M	$20.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04329	+0.046%	$4.7M	$20.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04318	−0.208%	$568K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04318	−0.208%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04320	−0.162%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04329	+0.039%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04320	−0.162%	—	$730K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04318	−0.208%	$30K	$144K	10x	as long as short
Variational Omni STRKshort	+0.0100%	4h	0.04314	−0.307%	$427K	$2.0M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04322	−0.116%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04423	+2.219%	$2K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04325	−0.037%	$119K	$659K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04317	−0.231%	$755K	$823K	75x	as long as short