Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%

Price spread now: BingX against Backpack+0.023%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$760.759% of the position

Long on Backpack Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.681%−$68 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.023%, 7d avg +0.001%

Together, before fees−0.701%−$70 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: BingX is 0.022% dearer against Backpack than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack STRK_USDC_PERP	0.04339	0.0100	pay 0.0013% / 1h	11m 52s	$24K	$146K	10x
Short	BingX STRK-USDC	0.04340	0.0100	get 0.0050% / 4h	2h 11m	—	$729K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.001%: $2.23
Slippage, 4 orders: −$55.87
Fee Backpack: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$73.63
Costs to cover: 0.759%
Break-even: never at this rate

Slippage from Backpack: live order book, 56 min ago; BingX: live order book, 62 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, 56 min ago	2.29 bp	14.8 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 62 min ago	2.31 bp	17.9 bp −$18	45.2 bp −$452	277.0 bp −$27.7K	717.5 bp −$358.8K

STRK on 23 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	−0.0560%	1h	0.04277	−1.429%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0305%	1h	0.04338	−0.023%	$455K	$535K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04338	−0.021%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.847%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04334	−0.105%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04343	+0.092%	$14.7M	$7.1M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04340	+0.034%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04337	−0.039%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04339	−0.002%	$12.4M	$47.1M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04335	−0.092%	$15.0M	$21.0M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04339	0.000%	$4.7M	$21.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04338	−0.023%	$590K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04339	0.000%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04341	+0.046%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04341	+0.041%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDCshort	+0.0100%	4h	0.04340	+0.023%	—	$729K	—
Backpack STRK_USDC_PERPlong	+0.0100%	1h	0.04339	long leg	$24K	$146K	10x
Variational Omni STRK	+0.0100%	4h	0.04334	−0.111%	$333K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04341	+0.055%	$186K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04439	+2.305%	$1K	$840K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04338	−0.013%	$121K	$660K	10x	as long as short
Lighter STRK	+0.0216%	1h	0.04348	+0.207%	$265K	$507K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0441%	1h	0.04342	+0.069%	$8K	$44K	25x	as long as short