Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0280%/8h= −30.6% APRpaid last 24h +0.053%

Price spread now: Kraken Futures against BloFin+0.183%7-day average +0.128% · 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−$122as in the Price arb table

costs, in and out, $10k−$1271.271% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.367%+$137 on $10k

Price spread, last 4 days (all we have)−1.019%−$102 · spread now +0.183%, 7d avg +0.128%

Together, before fees+0.348%+$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.056% dearer against BloFin than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of +0.128%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 7 days funding on this pair paid +1.367%, 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	0.04243	0.0340	pay 0.0170% / 4h	3h 00m	$714K	$752K	75x
Short	Kraken Futures PF_STRKUSD	0.04251	0.0060	get 0.0008% / 1h	0m 43s	$446K	$581K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.183%Rate

Funding earned: −$58.74
Price spread: +0.183% → +0.128%: $5.56
Slippage, 4 orders: −$105.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$180.32
Costs to cover: 1.271%
Break-even: never at this rate

Slippage from BloFin: live order book, 31 min ago; Kraken Futures: live order book, 52 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, 31 min ago	3.46 bp	11.7 bp −$12	24.3 bp −$243	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 52 min ago	18.48 bp	40.7 bp −$41	529.1 bp −$5,291	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	−0.1032%	1h	0.04220	−0.542%	$69K	$99K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04249	+0.147%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04252	+0.212%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.491%	$3K	$38K	5.5x	as long as short
Kraken Futures PF_STRKUSDshort	+0.0060%	1h	0.04251	+0.183%	$446K	$581K	20x
Lighter STRK	+0.0096%	1h	0.04254	+0.259%	$254K	$473K	5x	as long as short
Paradex STRK-USD-PERP	+0.0099%	8h	0.04245	+0.048%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04248	+0.118%	$14.1M	$6.5M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04243	+0.010%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04249	+0.139%	$42K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04245	+0.047%	$12.0M	$45.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04244	+0.024%	$14.8M	$20.3M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04248	+0.118%	$4.6M	$19.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04242	−0.024%	$556K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04245	+0.047%	$11.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04246	+0.071%	$1.4M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04247	+0.097%	$3.1M	$3.9M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04248	+0.118%	—	$9.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04247	+0.094%	$27K	$145K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04242	−0.029%	$417K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04253	+0.236%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04348	+2.475%	$2K	$860K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04247	+0.101%	$119K	$472K	10x	as long as short
BloFin STRK-USDTlong	+0.0340%	4h	0.04243	long leg	$714K	$752K	75x