Funding you earn now, next payment 02:00 UTC−0.0407%/8h= −44.6% APRnext payment −$0.51 per $10,000 · paid last 24h +0.125%
Price spread now: Kraken Futures against Backpack+0.081%7-day average +0.216% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1001.001% of the position
Funding, last 7 days+0.725%+$73 on $10k
+Price spread, last 3 days (all we have)+0.982%+$98 · spread now +0.081%, 7d avg +0.216%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Kraken Futures is 0.134% cheaper against Backpack than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.216%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.725%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack STRK_USDC_PERP | 0.04299 | 0.0100 | pay 0.0013% / 1h | 53m 27s | $23K | $148K | 10x |
| Short | Kraken Futures PF_STRKUSD | 0.04302 | −0.0307 | pay 0.0038% / 1h | 53m 27s | $456K | $529K | 20x |
Backpack STRK_USDC_PERP
Kraken Futures PF_STRKUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$85.49
- Price spread: +0.081% → +0.216%
- −$13.42
- Slippage, 4 orders
- −$80.09
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$199
- Costs to cover
- 1.001%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 15 min ago; Kraken Futures: live order book, 14 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, 15 min ago | 2.29 bp | 14.8 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 14 min ago | 8.02 bp | 32.7 bp −$33 | 373.2 bp −$3,732 | 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 | −0.0560% | 1h | 0.04294 | −0.116% | $60K | $92K | 25x | as long as short |
| Kraken Futures PF_STRKUSDshort | −0.0307% | 1h | 0.04302 | +0.081% | $456K | $529K | 20x | |
| dYdX STRK-USD | 0.0000% | 1h | 0.04306 | +0.170% | $20K | $24K | 5x | as long as short |
| Injective STRK/USDC PERP | +0.0033% | 1h | 0.05070 | +17.934% | $3K | $38K | 5.5x | as long as short |
| Paradex STRK-USD-PERP | +0.0100% | 8h | 0.04306 | +0.152% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRK | +0.0100% | 1h | 0.04316 | +0.395% | $14.6M | $7.2M | 5x | as long as short |
| Aster STRKUSDT | +0.0100% | 4h | 0.04307 | +0.186% | $33K | $328K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04310 | +0.249% | $43K | $69K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04312 | +0.297% | $12.3M | $48.7M | 75x | as long as short |
| Bybit STRKUSDT | +0.0100% | 4h | 0.04307 | +0.186% | $15.0M | $21.5M | 50x | as long as short |
Coinbase International STRK-PERP-INTX
dYdX STRK-USD
Injective STRK/USDC PERP
Paradex STRK-USD-PERP
Hyperliquid STRK
Aster STRKUSDT
Pacifica STRK
Binance STRKUSDT
Bybit STRKUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX STRK-USDT-SWAP | +0.0100% | 4h | 0.04311 | +0.279% | $4.7M | $22.3M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04306 | +0.163% | $577K | $1.3M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04313 | +0.326% | $12.2M | $2.2M | 100x | as long as short |
| KuCoin STRKUSDTM | +0.0100% | 4h | 0.04311 | +0.279% | $1.5M | $1.9M | 50x | as long as short |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04311 | +0.270% | $3.0M | $4.0M | 75x | as long as short |
| BingX STRK-USDT | +0.0100% | 4h | 0.04309 | +0.233% | — | $26.4M | — | as long as short |
| Backpack STRK_USDC_PERPlong | +0.0100% | 1h | 0.04299 | long leg | $23K | $148K | 10x | |
| Variational Omni STRK | +0.0100% | 4h | 0.04301 | +0.043% | $349K | $2.0M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04297 | −0.047% | $185K | $3.6M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04392 | +2.163% | $1K | $847K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04307 | +0.175% | $119K | $663K | 10x | as long as short |
| BloFin STRK-USDT | +0.0340% | 4h | 0.04306 | +0.163% | $743K | $820K | 75x | as long as short |
| Lighter STRK | +0.0392% | 1h | 0.04317 | +0.419% | $263K | $504K | 5x | as long as short |
| Deribit STRK_USDC-PERPETUAL | +0.0913% | 1h | 0.04304 | +0.116% | $8K | $44K | 25x | as long as short |
OKX STRK-USDT-SWAP
Gate STRK_USDT
MEXC STRK_USDT
KuCoin STRKUSDTM
Bitget STRKUSDT
BingX STRK-USDT
Variational Omni STRK
GRVT STRK_USDT_Perp
SunX STRK-USDT
Extended STRK-USD
BloFin STRK-USDT
Lighter STRK
Deribit STRK_USDC-PERPETUAL