STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0254%/8h= +27.9% APRnext payment +$0.32 per $10,000 · paid last 24h +0.017%

Price spread now: Backpack against Extended+0.171%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$780.781% of the position

Long on Extended Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.683%+$68 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.171%, 7d avg +0.119%

Together, before fees+0.531%+ Points / potential airdropExtended: Active · farm board+$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Backpack is 0.052% dearer against Extended than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended STRK-USD	0.04351	0.0104	pay 0.0013% / 1h	55m 58s	$122K	$661K	10x
Short	Backpack STRK_USDC_PERP	0.04358	0.0358	get 0.0045% / 1h	55m 58s	$31K	$144K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Extended. 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 ExtendedbpFee BackpackbpOrdersPrice spread, now +0.171%Rate

Funding earned: $53.42
Price spread: +0.171% → +0.119%: $5.2
Slippage, 4 orders: −$63.05
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$19.44
Costs to cover: 0.781%
Break-even: 9.5 days

Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago	4.63 bp	20.0 bp −$20	121.8 bp −$1,218	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-INTX	−0.0976%	1h	0.04290	−1.392%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0135%	1h	0.04359	+0.185%	$455K	$528K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04347	−0.075%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.537%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04349	−0.032%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04361	+0.240%	$14.7M	$6.9M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04359	+0.188%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04350	−0.012%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04356	+0.128%	$12.5M	$45.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04354	+0.079%	$15.4M	$20.6M	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	0.04355	+0.102%	$4.7M	$20.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04357	+0.148%	$572K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04353	+0.056%	$12.2M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04355	+0.102%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04354	+0.079%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04358	+0.171%	—	$729K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04352	+0.028%	$430K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04337	−0.310%	$188K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04457	+2.447%	$1K	$839K	20x	as long as short
Extended STRK-USDlong	+0.0104%	1h	0.04351	long leg	$122K	$661K	10x
Lighter STRK	+0.0224%	1h	0.04367	+0.378%	$266K	$501K	5x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04323	−0.633%	$756K	$841K	75x	as long as short
Backpack STRK_USDC_PERPshort	+0.0358%	1h	0.04358	+0.171%	$31K	$144K	10x
Deribit STRK_USDC-PERPETUAL	+0.1127%	1h	0.04364	+0.309%	$8K	$43K	25x	as long as short