Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h −0.104%

Price spread now: BingX against Kraken Futures−0.146%7-day average −0.211% · you buy dearer than you sell

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$980.983% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.419%−$142 on $10k

Price spread, last 4 days (all we have)−2.190%−$219 · spread now −0.146%, 7d avg −0.211%

Together, before fees−3.608%−$361 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.065% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.211%. Mind the row above: over the last 7 days funding on this pair cost −1.419%, 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	0.04326	−0.0136	get 0.0017% / 1h	48m 25s	$451K	$524K	20x
Short	BingX STRK-USDC	0.04320	0.0100	get 0.0050% / 4h	48m 25s	—	$729K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.146%Rate

Funding earned: $49.55
Price spread: −0.146% → −0.211%: $6.53
Slippage, 4 orders: −$78.31
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$42.24
Costs to cover: 0.983%
Break-even: 13.0 days

Slippage from Kraken Futures: live order book, 9 min ago; BingX: live order book, 70 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, 9 min ago	20.80 bp	29.9 bp −$30	2647.5 bp −$26.5K	doesn't fit	doesn't fit
Sell BingX live order book, 70 min ago	2.32 bp	17.9 bp −$18	46.7 bp −$467	276.7 bp −$27.7K	668.5 bp −$334.2K

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	−0.0976%	1h	0.04290	−0.840%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0136%	1h	0.04326	long leg	$451K	$524K	20x
dYdX STRK-USD	0.0000%	1h	0.04325	−0.025%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04327	+0.016%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.190%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04319	−0.175%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04326	−0.007%	$14.6M	$6.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04324	−0.043%	$33K	$269K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04323	−0.068%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04321	−0.116%	$12.4M	$45.5M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04319	−0.169%	$15.2M	$20.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04322	−0.100%	$4.7M	$20.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04317	−0.216%	$566K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04322	−0.100%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04326	−0.007%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04322	−0.102%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDCshort	+0.0100%	4h	0.04320	−0.146%	—	$729K	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04322	−0.100%	$30K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04333	+0.148%	$429K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04345	+0.443%	$189K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04425	+2.281%	$1K	$840K	20x	as long as short
Lighter STRK	+0.0104%	1h	0.04329	+0.062%	$264K	$501K	5x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04317	−0.208%	$120K	$663K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04326	−0.007%	$761K	$832K	75x	as long as short