Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.181%

Price spread now: Kraken Futures against Binance+0.280%7-day average +0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs+$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$940.943% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.362%+$136 on $10k

Price spread, last 3 days (all we have)+2.219%+$222 · spread now +0.280%, 7d avg +0.187%

Together, before fees+3.581%+$358 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.093% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.187%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STRKUSDT	0.04417	0.0100	pay 0.0050% / 4h	2h 31m	$12.7M	$50.3M	75x
Short	Kraken Futures PF_STRKUSD	0.04429	0.0336	get 0.0042% / 1h	31m 42s	$471K	$493K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.280%Rate

Funding earned: $49.53
Price spread: +0.280% → +0.187%: $9.28
Slippage, 4 orders: −$74.25
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$35.44
Costs to cover: 0.943%
Break-even: 12.0 days

Slippage from Binance: live order book, 10 min ago; Kraken Futures: live order book, 56 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	1.13 bp	12.6 bp −$13	36.4 bp −$364	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 56 min ago	21.39 bp	33.9 bp −$34	456.6 bp −$4,566	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	−0.0352%	1h	0.04374	−0.974%	$63K	$90K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04415	−0.049%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.784%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0061%	4h	0.04424	+0.158%	$781K	$725K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04416	−0.019%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04421	+0.091%	$15.2M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04419	+0.038%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04418	+0.025%	$44K	$69K	5x	as long as short
Binance STRKUSDTlong	+0.0100%	4h	0.04417	long leg	$12.7M	$50.3M	75x
Bybit STRKUSDT	+0.0100%	4h	0.04413	−0.091%	$15.5M	$21.1M	50x	as long as short

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	0.04415	−0.045%	$4.9M	$23.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04416	−0.023%	$593K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04417	0.000%	$11.7M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04415	−0.045%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04416	−0.029%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04414	−0.068%	—	$25.9M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04416	−0.023%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04416	−0.015%	$260K	$1.6M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04431	+0.317%	$191K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04518	+2.287%	$1K	$813K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04415	−0.051%	$122K	$626K	10x	as long as short
Lighter STRK	+0.0168%	1h	0.04427	+0.226%	$273K	$541K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0203%	1h	0.04421	+0.091%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSDshort	+0.0336%	1h	0.04429	+0.280%	$471K	$493K	20x