Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.194%

Price spread now: KuCoin against dYdX−0.304%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. KuCoin is 0.304% cheaper against dYdX than usual: you would sell low and buy high (spread −0.304% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 10 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX STRK-USD	0.04336	0	get 0.0000% / 1h	43m 06s	$20K	$24K	5x
Short	KuCoin STRKUSDTM	0.04323	0.0100	get 0.0050% / 4h	43m 06s	$1.5M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against dYdX. 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 dYdXbpFee KuCoinbpOrdersPrice spread, now −0.304%Rate

Funding earned: $21
Price spread: −0.304% → 0.000%: −$30.39
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$31.39
Costs to cover: 0.220%
Break-even: 17.5 days

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 3 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 dYdX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	4.63 bp	28.0 bp −$28	80.9 bp −$809	doesn't fit	doesn't fit

dYdX: 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	−0.0976%	1h	0.04290	−1.065%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0136%	1h	0.04322	−0.325%	$451K	$524K	20x	as long as short
dYdX STRK-USDlong	0.0000%	1h	0.04336	long leg	$20K	$24K	5x
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04323	−0.304%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.923%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04332	−0.096%	$264K	$501K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04328	−0.179%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04324	−0.281%	$14.6M	$6.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04327	−0.217%	$33K	$269K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04333	−0.062%	$43K	$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	0.04319	−0.387%	$12.4M	$45.4M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04318	−0.419%	$15.2M	$20.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04320	−0.373%	$4.7M	$20.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04325	−0.258%	$568K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04323	−0.304%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTMshort	+0.0100%	4h	0.04323	−0.304%	$1.5M	$1.8M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04321	−0.345%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04321	−0.350%	—	$26.1M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04319	−0.396%	$30K	$145K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04314	−0.507%	$427K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04322	−0.327%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04422	+1.979%	$2K	$840K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04318	−0.414%	$119K	$659K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04319	−0.396%	$757K	$826K	75x	as long as short