STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1334%/8h= +146.1% APRnext payment +$1.67 per $10,000 · paid last 24h +0.350%

Price spread now: Backpack against Coinbase International+1.585%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs+$101as in the Funding arb table

Net, price: spread back to 7d avg − costs+$82as in the Price arb table

costs, in and out, $10k−$770.767% of the position

Long on Coinbase International Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+1.778%+$178 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Backpack is 1.585% dearer against Coinbase International than usual: you sell high and buy low: +$159 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International STRK-PERP-INTX	0.04290	−0.0976	get 0.0122% / 1h	55m 39s	$75K	$98K	25x
Short	Backpack STRK_USDC_PERP	0.04358	0.0358	get 0.0045% / 1h	55m 39s	$31K	$144K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Coinbase International. 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 Coinbase InternationalbpFee BackpackbpOrdersPrice spread, now +1.585%Rate

Funding earned: $280.22
Price spread: +1.585% → 0.000%: $158.51
Slippage, 4 orders: −$56.75
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $361.98
Costs to cover: 0.767%
Break-even: from the start

Slippage from Coinbase International: live order book, 28 min ago; Backpack: live order book, 2 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 Coinbase International live order book, 28 min ago	8.09 bp	15.4 bp −$15	154.6 bp −$1,546	doesn't fit	doesn't fit
Sell Backpack live order book, 2 min ago	2.31 bp	21.8 bp −$22	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-INTXlong	−0.0976%	1h	0.04290	long leg	$75K	$98K	25x
Kraken Futures PF_STRKUSD	−0.0135%	1h	0.04359	+1.599%	$455K	$528K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04351	+1.428%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.182%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04346	+1.303%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04358	+1.585%	$14.7M	$6.9M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04356	+1.528%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04353	+1.471%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04351	+1.422%	$12.5M	$45.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04352	+1.445%	$15.3M	$20.5M	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	0.04354	+1.492%	$4.7M	$20.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04344	+1.259%	$570K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04354	+1.492%	$12.2M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04355	+1.515%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04354	+1.490%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04353	+1.469%	—	$26.1M	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04352	+1.440%	$430K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04341	+1.189%	$188K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04457	+3.893%	$1K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04353	+1.475%	$122K	$661K	10x	as long as short
Lighter STRK	+0.0224%	1h	0.04357	+1.562%	$266K	$501K	5x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04323	+0.769%	$756K	$841K	75x	as long as short
Backpack STRK_USDC_PERPshort	+0.0358%	1h	0.04358	+1.585%	$31K	$144K	10x
Deribit STRK_USDC-PERPETUAL	+0.1127%	1h	0.04364	+1.725%	$8K	$43K	25x	as long as short