Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Backpack against Binance0.000%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Binance Short on Backpack

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)+0.131%+$13 · spread now 0.000%, 7d avg +0.020%

Together, before fees+0.821%+$82 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: Backpack is 0.020% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STRKUSDT	0.04378	0.0100	pay 0.0050% / 4h	1h 01m	$12.5M	$49.8M	75x
Short	Backpack STRK_USDC_PERP	0.04378	0.0100	get 0.0013% / 1h	1m 49s	$25K	$148K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Binance. 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 BinancebpFee BackpackbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.020%: −$2.02
Slippage, 4 orders: −$38.8
Fee Binance: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$60.81
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Backpack: live order book, 16 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 Binance live order book, 10 min ago	1.14 bp	12.2 bp −$12	35.6 bp −$356	doesn't fit	doesn't fit
Sell Backpack live order book, 16 min ago	2.28 bp	21.0 bp −$21	doesn't fit	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	−0.0592%	1h	0.04355	−0.525%	$62K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04380	+0.055%	$20K	$24K	5x	as long as short
Bybit STRKUSDT	+0.0013%	4h	0.04374	−0.091%	$15.4M	$21.3M	50x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.806%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0069%	4h	0.04381	+0.069%	$753K	$718K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04377	−0.014%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04378	0.000%	$15.0M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04380	+0.036%	$34K	$361K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04380	+0.046%	$44K	$69K	5x	as long as short
Binance STRKUSDTlong	+0.0100%	4h	0.04378	long leg	$12.5M	$49.8M	75x

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	0.04375	−0.069%	$4.9M	$23.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04377	−0.023%	$583K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04380	+0.046%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04377	−0.023%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04377	−0.016%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04377	−0.023%	—	$719K	—	as long as short
Backpack STRK_USDC_PERPshort	+0.0100%	1h	0.04378	0.000%	$25K	$148K	10x
Variational Omni STRK	+0.0100%	4h	0.04364	−0.322%	$258K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04370	−0.183%	$194K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04480	+2.330%	$1K	$830K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04375	−0.077%	$121K	$626K	10x	as long as short
Lighter STRK	+0.0352%	1h	0.04387	+0.206%	$271K	$541K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0663%	1h	0.04385	+0.160%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.1171%	1h	0.04380	+0.048%	$469K	$511K	20x	as long as short