Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.033%

Price spread now: Pacifica against Backpack+0.050%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.050% dearer against Backpack than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack STRK_USDC_PERP	0.04400	0.0100	pay 0.0013% / 1h	24m 26s	$25K	$150K	10x
Short	Pacifica STRK	0.04402	0.0100	get 0.0013% / 1h	24m 26s	$44K	$69K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → 0.000%: $5
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 59 min ago; Pacifica: no order-book sample. 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 Backpack live order book, 59 min ago	5.65 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica no order-book sample	—	—	—	—	—

Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.500%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04405	+0.112%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.227%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04401	+0.015%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04403	+0.068%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04402	+0.048%	$34K	$363K	10x	as long as short
Pacifica STRKshort	+0.0100%	1h	0.04402	+0.050%	$44K	$69K	5x
Binance STRKUSDT	+0.0100%	4h	0.04400	0.000%	$12.7M	$50.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04394	−0.136%	$15.5M	$21.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04396	−0.091%	$4.9M	$23.6M	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	0.04400	0.000%	$586K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04400	0.000%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04398	−0.045%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04401	+0.032%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04398	−0.045%	—	$721K	—	as long as short
Backpack STRK_USDC_PERPlong	+0.0100%	1h	0.04400	long leg	$25K	$150K	10x
Variational Omni STRK	+0.0100%	4h	0.04387	−0.297%	$259K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04396	−0.087%	$194K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04499	+2.250%	$1K	$826K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04398	−0.050%	$121K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0131%	4h	0.04396	−0.091%	$755K	$726K	75x	as long as short
Lighter STRK	+0.0368%	1h	0.04413	+0.295%	$272K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0659%	1h	0.04404	+0.091%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.1167%	1h	0.04398	−0.036%	$477K	$492K	20x	as long as short