STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.143%

Price spread now: Backpack against Deribit−0.091%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Backpack is 0.091% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit STRK_USDC-PERPETUAL	0.04411	0.0204	pay 0.0025% / 1h	16m 41s	$8K	$24K	25x
Short	Backpack STRK_USDC_PERP	0.04407	0.0100	get 0.0013% / 1h	16m 41s	$25K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Deribit. 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 DeribitbpFee BackpackbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$21.77
Price spread: −0.091% → 0.000%: −$9.07
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$47.84
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 6 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Backpack live order book, 6 min ago	5.65 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.04405	−0.136%	$63K	$91K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04410	−0.016%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.940%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0056%	4h	0.04408	−0.068%	$786K	$728K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04404	−0.163%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04409	−0.045%	$15.2M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04407	−0.091%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04408	−0.070%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04404	−0.155%	$12.7M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04403	−0.181%	$15.6M	$21.1M	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	0.04403	−0.181%	$4.9M	$23.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04408	−0.068%	$591K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04404	−0.159%	$11.6M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04404	−0.159%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04407	−0.086%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04404	−0.159%	—	$25.9M	—	as long as short
Backpack STRK_USDC_PERPshort	+0.0100%	1h	0.04407	−0.091%	$25K	$152K	10x
Variational Omni STRK	+0.0100%	4h	0.04416	+0.108%	$359K	$1.7M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04412	+0.027%	$190K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04508	+2.199%	$2K	$816K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04402	−0.205%	$122K	$626K	10x	as long as short
Deribit STRK_USDC-PERPETUALlong	+0.0204%	1h	0.04411	long leg	$8K	$24K	25x
Lighter STRK	+0.0256%	1h	0.04417	+0.136%	$272K	$541K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0336%	1h	0.04421	+0.225%	$470K	$491K	20x	as long as short