Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: KuCoin against Injective−16.114%115s7-day average — · you buy dearer than you sell

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

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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 16.114% cheaper against Injective than usual: you would sell low and buy high (spread −16.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,611 on $10k: about years of funding at the current rate (+$2 a day). The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective STRK/USDC PERP	0.05070	0.0033	pay 0.0004% / 1h	55m 32s	$3K	$38K	5.5x
Short	KuCoin STRKUSDTM	0.04253	0.0100	get 0.0050% / 4h	2h 55m	$1.5M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now −16.114%Rate

Funding earned: $14
Price spread: −16.114% → 0.000%: −$1,611.44
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,609.46
Costs to cover: 0.120%
Break-even: 811.7 days

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 6 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	4.71 bp	27.1 bp −$27	84.5 bp −$845	doesn't fit	doesn't fit

Injective: 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	−0.0904%	1h	0.04220	−16.765%	$69K	$99K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0191%	1h	0.04260	−15.971%	$447K	$581K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04256	−16.051%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04262	−15.937%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERPlong	+0.0033%	1h	0.05070	long leg	$3K	$38K	5.5x
Lighter STRK	+0.0096%	1h	0.04258	−16.016%	$254K	$442K	5x	as long as short
Paradex STRK-USD-PERP	+0.0099%	8h	0.04250	−16.171%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04255	−16.075%	$14.1M	$6.5M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04252	−16.129%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04255	−16.073%	$42K	$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	0.04248	−16.211%	$11.9M	$44.9M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04247	−16.233%	$14.8M	$20.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04249	−16.193%	$4.6M	$19.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04249	−16.193%	$563K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04254	−16.095%	$11.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTMshort	+0.0100%	4h	0.04253	−16.114%	$1.5M	$1.9M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04252	−16.126%	$3.1M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04252	−16.134%	—	$725K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04256	−16.055%	$27K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04254	−16.090%	$418K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04263	−15.907%	$184K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04359	−14.024%	$1K	$863K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04250	−16.172%	$121K	$474K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04261	−15.957%	$709K	$755K	75x	as long as short