Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.097%

Price spread now: Lighter against OKX+0.256%7-day average +0.076% · you sell dearer than you buy

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

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

costs, in and out, $10k−$940.940% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.405%+$41 on $10k

Price spread, last 4 days (all we have)−0.667%−$67 · spread now +0.256%, 7d avg +0.076%

Together, before fees−0.262%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.181% dearer against OKX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STRK-USDT-SWAP	0.04290	0.0100	pay 0.0050% / 4h	2h 42m	$4.7M	$22.0M	50x
Short	Lighter STRK	0.04301	0.0272	get 0.0034% / 1h	42m 37s	$262K	$504K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.256%Rate

Funding earned: $36.12
Price spread: +0.256% → +0.076%: $18.06
Slippage, 4 orders: −$83.97
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$39.79
Costs to cover: 0.940%
Break-even: 14.7 days

Slippage from OKX: live order book, 1 min ago; Lighter: live order book, 17 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 OKX live order book, 1 min ago	1.16 bp	15.2 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 17 min ago	18.48 bp	23.2 bp −$23	88.0 bp −$880	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	−0.0560%	1h	0.04294	+0.093%	$60K	$91K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0307%	1h	0.04307	+0.405%	$456K	$534K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04292	+0.055%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.182%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04290	+0.001%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04300	+0.233%	$14.6M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04298	+0.192%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04294	+0.098%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04290	0.000%	$12.2M	$48.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04287	−0.070%	$14.9M	$21.4M	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-SWAPlong	+0.0100%	4h	0.04290	long leg	$4.7M	$22.0M	50x
Gate STRK_USDT	+0.0100%	4h	0.04293	+0.070%	$575K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04292	+0.047%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04295	+0.117%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04291	+0.019%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04289	−0.023%	—	$727K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04304	+0.326%	$23K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04294	+0.089%	$356K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04299	+0.203%	$186K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04409	+2.774%	$1K	$844K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04287	−0.059%	$119K	$659K	10x	as long as short
Lighter STRKshort	+0.0272%	1h	0.04301	+0.256%	$262K	$504K	5x
BloFin STRK-USDT	+0.0340%	4h	0.04315	+0.583%	$749K	$822K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0911%	1h	0.04311	+0.490%	$8K	$44K	25x	as long as short