Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0620%/8h= +67.9% APRpaid last 24h +0.090%

Price spread now: Lighter against SunX−2.223%7-day average −2.256% · you buy dearer than you sell

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.383%+$38 on $10k

Price spread, last 3 days (all we have)−1.122%−$112 · spread now −2.223%, 7d avg −2.256%

Together, before fees−0.739%+ Points / potential airdropLighter: Season 3 · farm board−$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Lighter is 0.033% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −2.256%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.383% in total (about 19.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STRK-USDT	0.04499	0.0100	pay 0.0050% / 4h	26m 32s	$2K	$834K	20x
Short	Lighter STRK	0.04399	0.0720	get 0.0090% / 1h	26m 32s	$272K	$507K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −2.223%Rate

Funding earned: $130.2
Price spread: −2.223% → −2.256%: $3.28
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $125.48
Costs to cover: 0.080%
Break-even: 0.3 days

Slippage unknown: SunX: live order book, 35 min ago; Lighter: live order book, 44 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 SunX live order book, 35 min ago	253.04 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 44 min ago	12.54 bp	18.5 bp −$18	65.1 bp −$651	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	−0.0584%	1h	0.04383	−2.578%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04392	−2.369%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+12.692%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04387	−2.499%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04395	−2.312%	$14.9M	$7.5M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04390	−2.427%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04392	−2.374%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04390	−2.431%	$12.6M	$49.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04386	−2.512%	$15.5M	$21.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04385	−2.534%	$4.9M	$23.3M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04386	−2.512%	$587K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04389	−2.445%	$12.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04388	−2.467%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04385	−2.532%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04388	−2.467%	—	$721K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04393	−2.356%	$355K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04395	−2.312%	$193K	$3.6M	10x	as long as short
SunX STRK-USDTlong	+0.0100%	4h	0.04499	long leg	$2K	$834K	20x
Extended STRK-USD	+0.0104%	1h	0.04385	−2.540%	$121K	$625K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0107%	1h	0.04398	−2.245%	$25K	$148K	10x	as long as short
BloFin STRK-USDT	+0.0149%	4h	0.04396	−2.289%	$745K	$729K	75x	as long as short
Kraken Futures PF_STRKUSD	+0.0503%	1h	0.04396	−2.278%	$471K	$512K	20x	as long as short
Lighter STRKshort	+0.0720%	1h	0.04399	−2.223%	$272K	$507K	5x
Deribit STRK_USDC-PERPETUAL	+0.0887%	1h	0.04401	−2.178%	$2K	$34K	25x	as long as short