Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.049%

Price spread now: Hyperliquid against Variational Omni+0.070%7-day average +0.158% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.306%+$31 on $10k

Price spread, last 7 days+0.121%+$12 · spread now +0.070%, 7d avg +0.158%

Together, before fees+0.427%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$43 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: Hyperliquid is 0.089% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRK	0.04381	0.0100	pay 0.0050% / 4h	1h 11m	$258K	$1.9M	—
Short	Hyperliquid STRK	0.04384	0.0100	get 0.0013% / 1h	11m 57s	$15.0M	$7.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.158%: −$8.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$17.87
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Hyperliquid: live order book, 11 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, 2 min ago	5.71 bp	doesn't fit	44.5 bp −$445	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	2.27 bp	10.5 bp −$10	doesn't fit	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	−0.0592%	1h	0.04378	−0.067%	$62K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04384	+0.063%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.728%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04382	+0.013%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04384	+0.070%	$15.0M	$7.3M	5x
Aster STRKUSDT	+0.0100%	4h	0.04382	+0.020%	$34K	$361K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04385	+0.081%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04381	+0.001%	$12.6M	$49.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04376	−0.113%	$15.4M	$21.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04380	−0.022%	$4.9M	$23.4M	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	0.04378	−0.067%	$583K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04381	+0.001%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04382	+0.024%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04378	−0.063%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04378	−0.067%	—	$721K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04381	+0.001%	$25K	$150K	10x	as long as short
Variational Omni STRKlong	+0.0100%	4h	0.04381	long leg	$258K	$1.9M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04385	+0.091%	$187K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04483	+2.329%	$1K	$828K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04377	−0.097%	$121K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0133%	4h	0.04384	+0.070%	$753K	$723K	75x	as long as short
Lighter STRK	+0.0384%	1h	0.04394	+0.298%	$271K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0434%	1h	0.04388	+0.161%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.1169%	1h	0.04389	+0.184%	$477K	$494K	20x	as long as short