Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h −0.058%

Price spread now: Binance against Kraken Futures−0.069%7-day average −0.174% · you buy dearer than you sell

Net, funding: paid 7d − costs−$229as in the Funding arb table

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

costs, in and out, $10k−$840.837% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−1.450%−$145 on $10k

Price spread, last 4 days (all we have)−1.319%−$132 · spread now −0.069%, 7d avg −0.174%

Together, before fees−2.770%−$277 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.105% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.174%. Mind the row above: over the last 7 days funding on this pair cost −1.450%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_STRKUSD	0.04237	−0.0192	get 0.0024% / 1h	21m 11s	$444K	$587K	20x
Short	Binance STRKUSDT	0.04234	0.0100	get 0.0050% / 4h	2h 21m	$11.9M	$44.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.069%Rate

Funding earned: $61.38
Price spread: −0.069% → −0.174%: $10.53
Slippage, 4 orders: −$63.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.79
Costs to cover: 0.837%
Break-even: 8.3 days

Slippage from Kraken Futures: live order book, 27 min ago; Binance: live order book, 6 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 Kraken Futures live order book, 27 min ago	10.56 bp	31.1 bp −$31	2397.7 bp −$24.0K	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.18 bp	14.9 bp −$15	44.9 bp −$449	333.6 bp −$33.4K	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	−0.0904%	1h	0.04204	−0.777%	$69K	$99K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0192%	1h	0.04237	long leg	$444K	$587K	20x
dYdX STRK-USD	0.0000%	1h	0.04239	+0.055%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.663%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04241	+0.096%	$253K	$443K	5x	as long as short
Paradex STRK-USD-PERP	+0.0099%	8h	0.04241	+0.102%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04244	+0.167%	$14.0M	$6.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04236	−0.023%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04241	+0.096%	$42K	$69K	5x	as long as short
Binance STRKUSDTshort	+0.0100%	4h	0.04234	−0.069%	$11.9M	$44.7M	75x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04235	−0.045%	$14.7M	$20.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04240	+0.073%	$4.6M	$19.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04235	−0.045%	$570K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04240	+0.073%	$11.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04237	+0.002%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04240	+0.082%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04240	+0.073%	—	$729K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04235	−0.045%	$26K	$142K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04220	−0.404%	$415K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04226	−0.269%	$184K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04336	+2.339%	$1K	$868K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04231	−0.132%	$119K	$474K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0222%	1h	0.04237	+0.002%	$8K	$43K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04235	−0.045%	$681K	$767K	75x	as long as short