Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.106%

Price spread now: dYdX against Paradex+0.018%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on dYdX

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 airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex STRK-USD-PERP	0.04331	0.0100	pay 0.0100% / 8h	1h 46m	$8K	$144	20x
Short	dYdX STRK-USD	0.04332	0	get 0.0000% / 1h	46m 39s	$20K	$24K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Paradex. 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 ParadexbpFee dYdXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$20.92
Price spread: +0.018% → 0.000%: $1.83
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$33.09
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; dYdX: 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 Paradex no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Paradex and dYdX: 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	−0.0992%	1h	0.04274	−1.312%	$70K	$102K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0049%	1h	0.04334	+0.077%	$447K	$599K	20x	as long as short
dYdX STRK-USDshort	0.0000%	1h	0.04332	+0.018%	$20K	$24K	5x
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.067%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04339	+0.188%	$259K	$442K	5x	as long as short
Paradex STRK-USD-PERPlong	+0.0100%	8h	0.04331	long leg	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04333	+0.050%	$14.3M	$6.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04332	+0.032%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04334	+0.064%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04332	+0.027%	$12.2M	$44.6M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04330	−0.019%	$15.1M	$20.3M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04332	+0.027%	$4.7M	$19.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04328	−0.066%	$583K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04332	+0.027%	$11.5M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04334	+0.073%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04332	+0.034%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04331	+0.004%	—	$730K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04297	−0.786%	$417K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04300	−0.716%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04427	+2.220%	$2K	$875K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04329	−0.035%	$121K	$478K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0188%	1h	0.04332	+0.027%	$28K	$145K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04327	−0.089%	$686K	$776K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0443%	1h	0.04333	+0.050%	$8K	$43K	25x	as long as short