Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0059%/8h= −6.4% APRpaid last 24h −0.003%

Price spread now: KuCoin against Backpack+0.046%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$930.932% of the position

Long on Backpack Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.780%−$78 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.046%, 7d avg +0.023%

Together, before fees−0.942%−$94 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.023% dearer against Backpack than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.023%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 7 days (−0.780% in total) that is about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack STRK_USDC_PERP	0.04308	0.0159	pay 0.0020% / 1h	40m 10s	$27K	$143K	10x
Short	KuCoin STRKUSDTM	0.04310	0.0100	get 0.0050% / 4h	3h 40m	$1.5M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$12.3
Price spread: +0.046% → +0.023%: $2.31
Slippage, 4 orders: −$71.17
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$103.16
Costs to cover: 0.932%
Break-even: never at this rate

Slippage from Backpack: live order book, 58 min ago; KuCoin: live order book, 6 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, 58 min ago	2.32 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.31 bp	18.2 bp −$18	76.2 bp −$762	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	−0.1448%	1h	0.04263	−1.045%	$69K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0330%	1h	0.04305	−0.064%	$447K	$476K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04305	−0.075%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.688%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04314	+0.139%	$256K	$439K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04301	−0.156%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04312	+0.093%	$14.1M	$5.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04309	+0.013%	$33K	$215K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04305	−0.070%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04309	+0.023%	$12.3M	$43.0M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04305	−0.070%	$14.9M	$19.6M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04308	0.000%	$4.6M	$18.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04306	−0.046%	$569K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04308	0.000%	$11.4M	$2.0M	100x	as long as short
KuCoin STRKUSDTMshort	+0.0100%	4h	0.04310	+0.046%	$1.5M	$1.8M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04308	+0.002%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04309	+0.023%	—	$9.8M	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04305	−0.075%	$421K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04307	−0.018%	$185K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04403	+2.205%	$1K	$888K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04303	−0.107%	$120K	$874K	10x	as long as short
Backpack STRK_USDC_PERPlong	+0.0159%	1h	0.04308	long leg	$27K	$143K	10x
BloFin STRK-USDT	+0.0340%	4h	0.04313	+0.116%	$650K	$765K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0679%	1h	0.04309	+0.023%	$8K	$43K	25x	as long as short