STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1062%/8h= +116.3% APRnext payment +$1.33 per $10,000 · paid last 24h +0.123%

Price spread now: Kraken Futures against Hyperliquid+0.207%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1211.207% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.043%+$104 on $10k

Price spread, last 3 days (all we have)+1.202%+$120 · spread now +0.207%, 7d avg +0.066%

Together, before fees+2.244%+ Points / potential airdropHyperliquid: Season 2 · farm board+$224 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Kraken Futures is 0.141% dearer against Hyperliquid than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04408	0.0100	pay 0.0013% / 1h	50m 54s	$15.2M	$7.3M	5x
Short	Kraken Futures PF_STRKUSD	0.04417	0.1162	get 0.0145% / 1h	50m 54s	$470K	$490K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now +0.207%Rate

Funding earned: $222.95
Price spread: +0.207% → +0.066%: $14.07
Slippage, 4 orders: −$101.65
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $116.37
Costs to cover: 1.207%
Break-even: 3.3 days

Slippage from Hyperliquid: live order book, 12 min ago; Kraken Futures: live order book, 32 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 Hyperliquid live order book, 12 min ago	1.14 bp	9.0 bp −$9	34.8 bp −$348	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 32 min ago	38.31 bp	45.7 bp −$46	442.2 bp −$4,422	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	−0.0592%	1h	0.04399	−0.204%	$63K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04408	+0.001%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.018%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0093%	4h	0.04407	−0.023%	$761K	$728K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04402	−0.139%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04408	long leg	$15.2M	$7.3M	5x
Aster STRKUSDT	+0.0100%	4h	0.04398	−0.217%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04407	−0.034%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04395	−0.295%	$12.7M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04391	−0.386%	$15.5M	$21.4M	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	0.04393	−0.340%	$4.9M	$23.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04390	−0.408%	$588K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04394	−0.318%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04396	−0.272%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04394	−0.324%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04395	−0.295%	—	$26.0M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04405	−0.068%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04418	+0.230%	$359K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04427	+0.439%	$192K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04508	+2.269%	$2K	$822K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04390	−0.412%	$122K	$626K	10x	as long as short
Lighter STRK	+0.0560%	1h	0.04415	+0.159%	$272K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0658%	1h	0.04410	+0.045%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSDshort	+0.1162%	1h	0.04417	+0.207%	$470K	$490K	20x