Funding you earn now, next payment 08:00 UTC+0.0232%/8h= +25.5% APRpaid last 24h +0.005%
Price spread now: Kraken Futures against Bybit+0.206%7-day average +0.274% · you sell dearer than you buy
Net, funding: paid 7d − costs+$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$122as in the Price arb table
costs, in and out, $10k−$1151.154% of the position
Funding, last 7 days+1.466%+$147 on $10k
+Price spread, last 4 days (all we have)+0.859%+$86 · spread now +0.206%, 7d avg +0.274%
=Funding pays, the price is against you. Kraken Futures is 0.068% cheaper against Bybit than usual: you would sell low and buy high (spread +0.206% now, against its 7-day average of +0.274%). If the spread goes back, that is −$7 on $10k: about 23 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+1.466% in total) that is about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit STRKUSDT | 0.04329 | 0.0100 | pay 0.0050% / 4h | 40m 42s | $15.1M | $20.0M | 50x |
| Short | Kraken Futures PF_STRKUSD | 0.04338 | 0.0332 | get 0.0042% / 1h | 40m 42s | $452K | $540K | 20x |
Bybit STRKUSDT
Kraken Futures PF_STRKUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $48.82
- Price spread: +0.206% → +0.274%
- −$6.78
- Slippage, 4 orders
- −$94.37
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$73.34
- Costs to cover
- 1.154%
- Break-even
- 17.5 days
Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 62 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 Bybit live order book, 3 min ago | 1.16 bp | 17.9 bp −$18 | 63.9 bp −$639 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 62 min ago | 16.12 bp | 25.8 bp −$26 | 404.0 bp −$4,040 | 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 | −0.1224% | 1h | 0.04271 | −1.340% | $70K | $87K | 25x | as long as short |
| dYdX STRK-USD | 0.0000% | 1h | 0.04333 | +0.084% | $20K | $24K | 5x | as long as short |
| Injective STRK/USDC PERP | +0.0033% | 1h | 0.05070 | +17.117% | $3K | $38K | 5.5x | as long as short |
| Lighter STRK | +0.0096% | 1h | 0.04338 | +0.208% | $258K | $440K | 5x | as long as short |
| Paradex STRK-USD-PERP | +0.0100% | 8h | 0.04330 | +0.031% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRK | +0.0100% | 1h | 0.04335 | +0.139% | $14.3M | $5.9M | 5x | as long as short |
| Aster STRKUSDT | +0.0100% | 4h | 0.04331 | +0.055% | $33K | $227K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04334 | +0.120% | $43K | $65K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04332 | +0.062% | $12.3M | $43.8M | 75x | as long as short |
| Bybit STRKUSDTlong | +0.0100% | 4h | 0.04329 | long leg | $15.1M | $20.0M | 50x |
Coinbase International STRK-PERP-INTX
dYdX STRK-USD
Injective STRK/USDC PERP
Lighter STRK
Paradex STRK-USD-PERP
Hyperliquid STRK
Aster STRKUSDT
Pacifica STRK
Binance 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 | 0.04330 | +0.023% | $4.7M | $18.8M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04337 | +0.185% | $579K | $1.4M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04332 | +0.069% | $11.5M | $2.1M | 100x | as long as short |
| KuCoin STRKUSDTM | +0.0100% | 4h | 0.04335 | +0.139% | $1.5M | $1.8M | 50x | as long as short |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04331 | +0.035% | $3.0M | $3.7M | 75x | as long as short |
| BingX STRK-USDC | +0.0100% | 4h | 0.04331 | +0.046% | — | $734K | — | as long as short |
| Backpack STRK_USDC_PERP | +0.0100% | 1h | 0.04337 | +0.185% | $29K | $144K | 10x | as long as short |
| Variational Omni STRK | +0.0100% | 4h | 0.04334 | +0.108% | $426K | $1.9M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04333 | +0.092% | $184K | $3.5M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04439 | +2.541% | $1K | $880K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04336 | +0.158% | $120K | $881K | 10x | as long as short |
| Kraken Futures PF_STRKUSDshort | +0.0332% | 1h | 0.04338 | +0.206% | $452K | $540K | 20x | |
| BloFin STRK-USDT | +0.0340% | 4h | 0.04329 | 0.000% | $665K | $775K | 75x | as long as short |
| Deribit STRK_USDC-PERPETUAL | +0.0442% | 1h | 0.04341 | +0.277% | $8K | $43K | 25x | as long as short |
OKX STRK-USDT-SWAP
Gate STRK_USDT
MEXC STRK_USDT
KuCoin STRKUSDTM
Bitget STRKUSDT
BingX STRK-USDC
Backpack STRK_USDC_PERP
Variational Omni STRK
GRVT STRK_USDT_Perp
SunX STRK-USDT
Extended STRK-USD
BloFin STRK-USDT
Deribit STRK_USDC-PERPETUAL