STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0943%/8h= +103.2% APRnext payment +$1.18 per $10,000 · paid last 24h +0.402%

Price spread now: Kraken Futures against Coinbase International+0.517%7-day average +0.458% · you sell dearer than you buy

Net, funding: paid 7d − costs+$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1481.483% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.605%+$260 on $10k

Price spread, last 4 days (all we have)+0.202%+$20 · spread now +0.517%, 7d avg +0.458%

Together, before fees+2.806%+$281 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Kraken Futures is 0.059% dearer against Coinbase International than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.458%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International STRK-PERP-INTX	0.04309	−0.0992	get 0.0124% / 1h	35m 28s	$70K	$103K	25x
Short	Kraken Futures PF_STRKUSD	0.04331	−0.0049	pay 0.0006% / 1h	35m 28s	$447K	$599K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.517%Rate

Funding earned: $197.95
Price spread: +0.517% → +0.458%: $5.89
Slippage, 4 orders: −$128.29
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $55.55
Costs to cover: 1.483%
Break-even: 5.0 days

Slippage from Coinbase International: live order book, 33 min ago; Kraken Futures: live order book, 8 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, 33 min ago	12.89 bp	22.5 bp −$23	160.9 bp −$1,609	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 8 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-INTXlong	−0.0992%	1h	0.04309	long leg	$70K	$103K	25x
Kraken Futures PF_STRKUSDshort	−0.0049%	1h	0.04331	+0.517%	$447K	$599K	20x
dYdX STRK-USD	0.0000%	1h	0.04329	+0.456%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.661%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04337	+0.650%	$258K	$442K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04328	+0.438%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04331	+0.511%	$14.3M	$6.1M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04331	+0.517%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04331	+0.515%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04329	+0.464%	$12.3M	$44.6M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04327	+0.418%	$15.1M	$20.3M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04327	+0.418%	$4.7M	$19.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04327	+0.418%	$580K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04330	+0.487%	$11.5M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04331	+0.511%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04327	+0.413%	$3.0M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04329	+0.464%	—	$731K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04329	+0.458%	$425K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04331	+0.515%	$192K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04436	+2.947%	$2K	$878K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04326	+0.405%	$121K	$482K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0145%	1h	0.04324	+0.348%	$29K	$146K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0212%	1h	0.04332	+0.534%	$8K	$43K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04332	+0.534%	$676K	$783K	75x	as long as short