Funding you earn now, next payment 22:00 UTC−0.0023%/8h= −2.6% APRpaid last 24h +0.010%
Price spread now: Backpack against BloFin+0.023%7-day average −0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs$0as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$600.605% of the position
Funding, last 7 days+0.609%+$61 on $10k
+Price spread, last 3 days (all we have)−3.828%−$383 · spread now +0.023%, 7d avg −0.097%
=The price spread pays, funding is against you. Backpack is 0.119% dearer against BloFin than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.097%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days. Mind the row above: over the last 7 days funding on this pair paid +0.609%, 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 | BloFin STRK-USDT | 0.04401 | 0.0123 | pay 0.0062% / 4h | 2h 14m | $785K | $726K | 75x |
| Short | Backpack STRK_USDC_PERP | 0.04402 | 0.0100 | get 0.0013% / 1h | 14m 27s | $25K | $152K | 10x |
BloFin STRK-USDT
Backpack STRK_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$4.93
- Price spread: +0.023% → −0.097%
- $11.95
- Slippage, 4 orders
- −$38.46
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$53.44
- Costs to cover
- 0.605%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; Backpack: live order book, 9 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 BloFin live order book, 7 min ago | 2.26 bp | 15.4 bp −$15 | 39.5 bp −$395 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 9 min ago | 5.65 bp | 17.3 bp −$17 | 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 | −0.0352% | 1h | 0.04400 | −0.023% | $63K | $91K | 25x | as long as short |
| dYdX STRK-USD | 0.0000% | 1h | 0.04400 | −0.032% | $21K | $24K | 5x | as long as short |
| Deribit STRK_USDC-PERPETUAL | 0.0000% | 1h | 0.04407 | +0.136% | $8K | $24K | 25x | as long as short |
| Injective STRK/USDC PERP | +0.0033% | 1h | 0.05070 | +15.201% | $3K | $38K | 5.5x | as long as short |
| Paradex STRK-USD-PERP | +0.0100% | 8h | 0.04396 | −0.116% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRK | +0.0100% | 1h | 0.04397 | −0.091% | $15.1M | $7.3M | 5x | as long as short |
| Aster STRKUSDT | +0.0100% | 4h | 0.04391 | −0.227% | $35K | $363K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04399 | −0.034% | $44K | $69K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04392 | −0.212% | $12.7M | $50.2M | 75x | as long as short |
| Bybit STRKUSDT | +0.0100% | 4h | 0.04388 | −0.295% | $15.4M | $21.3M | 50x | as long as short |
Coinbase International STRK-PERP-INTX
dYdX STRK-USD
Deribit STRK_USDC-PERPETUAL
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 | 0.04390 | −0.250% | $4.9M | $23.7M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04386 | −0.341% | $588K | $1.5M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04394 | −0.159% | $11.6M | $2.2M | 100x | as long as short |
| KuCoin STRKUSDTM | +0.0100% | 4h | 0.04391 | −0.227% | $1.5M | $1.9M | 50x | as long as short |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04390 | −0.248% | $3.1M | $4.1M | 75x | as long as short |
| BingX STRK-USDT | +0.0100% | 4h | 0.04390 | −0.250% | — | $25.9M | — | as long as short |
| Backpack STRK_USDC_PERPshort | +0.0100% | 1h | 0.04402 | +0.023% | $25K | $152K | 10x | |
| Variational Omni STRK | +0.0100% | 4h | 0.04401 | −0.004% | $359K | $1.7M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04407 | +0.137% | $190K | $3.5M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04505 | +2.363% | $2K | $816K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04385 | −0.367% | $121K | $626K | 10x | as long as short |
| BloFin STRK-USDTlong | +0.0123% | 4h | 0.04401 | long leg | $785K | $726K | 75x | |
| Lighter STRK | +0.0264% | 1h | 0.04408 | +0.159% | $272K | $541K | 5x | as long as short |
| Kraken Futures PF_STRKUSD | +0.0337% | 1h | 0.04413 | +0.268% | $469K | $491K | 20x | 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
Lighter STRK
Kraken Futures PF_STRKUSD