Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Backpack against Gate+0.068%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1421.418% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.714%+$71 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.068%, 7d avg +0.026%

Together, before fees+0.746%+$75 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.042% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STRK_USDT	0.04410	0.0100	pay 0.0050% / 4h	2h 18m	$592K	$1.5M	50x
Short	Backpack STRK_USDC_PERP	0.04413	0.0100	get 0.0013% / 1h	18m 46s	$25K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.026%: $4.19
Slippage, 4 orders: −$116.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$137.64
Costs to cover: 1.418%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Backpack: live order book, 4 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 Gate live order book, 3 min ago	5.65 bp	49.1 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 4 min ago	5.65 bp	17.3 bp −$17	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	−0.0352%	1h	0.04405	−0.113%	$63K	$91K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04414	+0.087%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.966%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04411	+0.015%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04416	+0.136%	$15.2M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04411	+0.027%	$35K	$374K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04414	+0.095%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04412	+0.047%	$12.7M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04410	0.000%	$15.6M	$21.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04410	0.000%	$4.9M	$23.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDTlong	+0.0100%	4h	0.04410	long leg	$592K	$1.5M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04414	+0.091%	$11.6M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04412	+0.045%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04413	+0.066%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04410	0.000%	—	$723K	—	as long as short
Backpack STRK_USDC_PERPshort	+0.0100%	1h	0.04413	+0.068%	$25K	$152K	10x
Variational Omni STRK	+0.0100%	4h	0.04416	+0.131%	$359K	$1.7M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04429	+0.425%	$191K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04517	+2.426%	$2K	$816K	20x	as long as short
BloFin STRK-USDT	+0.0102%	4h	0.04416	+0.136%	$784K	$729K	75x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04409	−0.022%	$122K	$626K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0203%	1h	0.04416	+0.136%	$8K	$24K	25x	as long as short
Lighter STRK	+0.0248%	1h	0.04423	+0.295%	$273K	$541K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.0336%	1h	0.04425	+0.338%	$471K	$491K	20x	as long as short