Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.042%

Price spread now: KuCoin against Hyperliquid−0.091%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 on $10k

Price spread, last 7 days−0.125%−$12 · spread now −0.091%, 7d avg −0.139%

Together, before fees−0.574%+ Points / potential airdropHyperliquid: Season 2 · farm board−$57 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: KuCoin is 0.047% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04380	0.0100	pay 0.0013% / 1h	8m 45s	$14.9M	$7.4M	5x
Short	KuCoin STRKUSDTM	0.04376	0.0100	get 0.0050% / 4h	8m 45s	$1.5M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → −0.139%: $4.74
Slippage, 4 orders: −$60.27
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$76.52
Costs to cover: 0.813%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; KuCoin: live order book, 3 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, 4 min ago	1.14 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	3.43 bp	25.9 bp −$26	83.0 bp −$830	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	−0.0584%	1h	0.04342	−0.868%	$62K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04383	+0.065%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.753%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0062%	4h	0.04372	−0.183%	$750K	$730K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04381	+0.033%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04380	long leg	$14.9M	$7.4M	5x
Aster STRKUSDT	+0.0100%	4h	0.04374	−0.127%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04383	+0.059%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04380	+0.010%	$12.5M	$49.5M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04376	−0.091%	$15.4M	$21.5M	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	0.04381	+0.023%	$4.9M	$23.1M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04376	−0.091%	$585K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04381	+0.023%	$12.4M	$2.2M	100x	as long as short
KuCoin STRKUSDTMshort	+0.0100%	4h	0.04376	−0.091%	$1.5M	$1.9M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04379	−0.014%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04381	+0.023%	—	$721K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04372	−0.183%	$25K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04363	−0.391%	$352K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04368	−0.270%	$188K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04471	+2.078%	$1K	$836K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04380	+0.003%	$121K	$625K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0436%	1h	0.04377	−0.068%	$8K	$44K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.0506%	1h	0.04373	−0.156%	$467K	$515K	20x	as long as short
Lighter STRK	+0.0672%	1h	0.04389	+0.205%	$271K	$507K	5x	as long as short