Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.023%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$540.540% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.023%, 7d avg −0.002%

Together, before fees+0.003%$0 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: BingX is 0.021% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STRK_USDT	0.04389	0.0100	pay 0.0050% / 4h	2h 05m	$12.2M	$2.3M	100x
Short	BingX STRK-USDC	0.04388	0.0100	get 0.0050% / 4h	2h 05m	—	$725K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.002%: −$2.09
Slippage, 4 orders: −$40
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$56.1
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 53 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 MEXC live order book, 3 min ago	1.13 bp	8.0 bp −$8	20.3 bp −$203	92.5 bp −$9,249	205.4 bp −$102.7K
Sell BingX live order book, 53 min ago	2.27 bp	17.3 bp −$17	37.2 bp −$372	264.3 bp −$26.4K	658.9 bp −$329.4K

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	−0.0352%	1h	0.04374	−0.342%	$62K	$94K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04395	+0.132%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04392	+0.068%	$8K	$24K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.516%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04387	−0.038%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04393	+0.091%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04392	+0.063%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04391	+0.046%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04389	+0.009%	$12.7M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04384	−0.114%	$15.4M	$21.3M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04386	−0.068%	$4.9M	$23.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04390	+0.023%	$588K	$1.5M	50x	as long as short
MEXC STRK_USDTlong	+0.0100%	4h	0.04389	long leg	$12.2M	$2.3M	100x
KuCoin STRKUSDTM	+0.0100%	4h	0.04388	−0.023%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04389	+0.007%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDCshort	+0.0100%	4h	0.04388	−0.023%	—	$725K	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04389	0.000%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04386	−0.073%	$258K	$1.8M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04402	+0.290%	$194K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04490	+2.301%	$2K	$820K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04386	−0.069%	$122K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0143%	4h	0.04403	+0.319%	$772K	$728K	75x	as long as short
Lighter STRK	+0.0256%	1h	0.04399	+0.228%	$271K	$542K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0338%	1h	0.04402	+0.290%	$468K	$491K	20x	as long as short