Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.029%

Price spread now: Binance against Backpack+0.046%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$610.614% of the position

Long on Backpack Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.690%−$69 on $10k

Price spread, last 4 days (all we have)−0.252%−$25 · spread now +0.046%, 7d avg −0.024%

Together, before fees−0.942%−$94 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: Binance is 0.069% dearer against Backpack than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack STRK_USDC_PERP	0.04379	0.0100	pay 0.0013% / 1h	15m 59s	$25K	$148K	10x
Short	Binance STRKUSDT	0.04381	0.0100	get 0.0050% / 4h	15m 59s	$12.5M	$49.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Backpack. 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 BackpackbpFee BinancebpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.024%: $6.94
Slippage, 4 orders: −$41.37
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$54.43
Costs to cover: 0.614%
Break-even: never at this rate

Slippage from Backpack: live order book, 62 min ago; Binance: live order book, 11 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 Backpack live order book, 62 min ago	2.28 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.14 bp	14.5 bp −$14	37.2 bp −$372	416.7 bp −$41.7K	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	0.04376	−0.069%	$62K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04380	+0.016%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.780%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0076%	4h	0.04377	−0.046%	$747K	$726K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04379	+0.011%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04384	+0.114%	$14.9M	$7.5M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04380	+0.034%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04382	+0.071%	$44K	$69K	5x	as long as short
Binance STRKUSDTshort	+0.0100%	4h	0.04381	+0.046%	$12.5M	$49.6M	75x
Bybit STRKUSDT	+0.0100%	4h	0.04378	−0.023%	$15.5M	$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-SWAP	+0.0100%	4h	0.04378	−0.023%	$4.9M	$23.2M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04379	0.000%	$586K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04379	0.000%	$12.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04381	+0.046%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04377	−0.053%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04380	+0.023%	—	$723K	—	as long as short
Backpack STRK_USDC_PERPlong	+0.0100%	1h	0.04379	long leg	$25K	$148K	10x
Variational Omni STRK	+0.0100%	4h	0.04377	−0.049%	$353K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04382	+0.058%	$188K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04481	+2.329%	$2K	$835K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04378	−0.030%	$121K	$625K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0435%	1h	0.04384	+0.114%	$2K	$33K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.0505%	1h	0.04382	+0.073%	$470K	$514K	20x	as long as short
Lighter STRK	+0.0712%	1h	0.04392	+0.297%	$271K	$507K	5x	as long as short