Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Variational Omni+0.375%7-day average −0.142% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−4.127%−$413 · spread now +0.375%, 7d avg −0.142%

Together, before fees−4.123%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$412 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: Extended is 0.517% dearer against Variational Omni than usual: you sell high and buy low, +$52 on $10k if it goes back to its 7-day average of −0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRK	0.04330	0.0100	pay 0.0050% / 4h	3h 09m	$351K	$2.0M	—
Short	Extended STRK-USD	0.04347	0.0104	get 0.0013% / 1h	9m 21s	$120K	$663K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now +0.375%Rate

Funding earned: $0.84
Price spread: +0.375% → −0.142%: $51.68
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $47.52
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Extended: live order book, 64 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 Variational Omni RFQ quote, 5 min ago	4.61 bp	doesn't fit	50.8 bp −$508	doesn't fit	doesn't fit
Sell Extended live order book, 64 min ago	4.56 bp	22.3 bp −$22	139.8 bp −$1,398	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	−0.0576%	1h	0.04339	+0.201%	$61K	$93K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0402%	1h	0.04344	+0.311%	$463K	$526K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04346	+0.358%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.082%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04347	+0.389%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04352	+0.501%	$14.7M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04348	+0.406%	$33K	$335K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04348	+0.400%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04347	+0.376%	$12.3M	$48.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04343	+0.294%	$15.2M	$21.5M	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	0.04346	+0.363%	$4.8M	$22.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04348	+0.409%	$582K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04346	+0.363%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04348	+0.409%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04347	+0.379%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04346	+0.363%	—	$728K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04341	+0.247%	$23K	$147K	10x	as long as short
Variational Omni STRKlong	+0.0100%	4h	0.04330	long leg	$351K	$2.0M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04329	−0.031%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04448	+2.718%	$1K	$843K	20x	as long as short
Extended STRK-USDshort	+0.0104%	1h	0.04347	+0.375%	$120K	$663K	10x
BloFin STRK-USDT	+0.0340%	4h	0.04331	+0.016%	$742K	$781K	75x	as long as short
Lighter STRK	+0.0432%	1h	0.04357	+0.617%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0901%	1h	0.04350	+0.455%	$8K	$44K	25x	as long as short