Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.063%

Price spread now: Lighter against MEXC+0.209%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on MEXC Short on Lighter

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)−0.025%−$2 · spread now +0.209%, 7d avg +0.085%

Together, before fees+0.379%+ 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: Lighter is 0.124% dearer against MEXC than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STRK_USDT	0.04298	0.0100	pay 0.0050% / 4h	1h 01m	$11.5M	$2.1M	100x
Short	Lighter STRK	0.04307	0.0096	get 0.0012% / 1h	1m 05s	$256K	$444K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$0.84
Price spread: +0.209% → +0.085%: $12.41
Slippage, 4 orders: −$49.34
Fee MEXC: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.77
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Lighter: live order book, 34 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, 2 min ago	1.16 bp	8.9 bp −$9	24.5 bp −$245	90.7 bp −$9,067	184.8 bp −$92.4K
Sell Lighter live order book, 34 min ago	5.76 bp	14.3 bp −$14	65.2 bp −$652	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	−0.0992%	1h	0.04271	−0.628%	$70K	$88K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0050%	1h	0.04300	+0.056%	$447K	$583K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04305	+0.166%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04301	+0.070%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.962%	$3K	$38K	5.5x	as long as short
Lighter STRKshort	+0.0096%	1h	0.04307	+0.209%	$256K	$444K	5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04299	+0.030%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04305	+0.163%	$14.2M	$6.0M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04302	+0.102%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04304	+0.135%	$43K	$65K	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	0.04297	−0.022%	$12.2M	$44.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04296	−0.047%	$15.0M	$20.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04297	−0.023%	$4.6M	$18.9M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04296	−0.047%	$576K	$1.4M	50x	as long as short
MEXC STRK_USDTlong	+0.0100%	4h	0.04298	long leg	$11.5M	$2.1M	100x
KuCoin STRKUSDTM	+0.0100%	4h	0.04301	+0.070%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04299	+0.035%	$3.0M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04298	0.000%	—	$733K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04298	0.000%	$29K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04310	+0.273%	$423K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04307	+0.214%	$187K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04399	+2.350%	$1K	$880K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04296	−0.040%	$127K	$491K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04296	−0.047%	$671K	$776K	75x	as long as short