Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.005%

Price spread now: Bybit against Kraken Futures+0.092%7-day average −0.274% · you sell dearer than you buy

Net, funding: paid 7d − costs−$264as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$1181.175% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−1.466%−$147 on $10k

Price spread, last 4 days (all we have)−1.156%−$116 · spread now +0.092%, 7d avg −0.274%

Together, before fees−2.622%−$262 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.366% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −0.274%): +$37 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 5.2 days. At the pace of the last 7 days (−1.466% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_STRKUSD	0.04293	0.0336	pay 0.0042% / 1h	1m 30s	$446K	$488K	20x
Short	Bybit STRKUSDT	0.04297	0.0100	get 0.0050% / 4h	1m 30s	$14.8M	$19.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$49.55
Price spread: +0.092% → −0.274%: $36.55
Slippage, 4 orders: −$96.52
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$130.52
Costs to cover: 1.175%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 36 min ago; Bybit: live order book, 2 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, 36 min ago	16.22 bp	44.5 bp −$45	3289.1 bp −$32.9K	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.17 bp	14.5 bp −$14	47.8 bp −$478	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	−0.1224%	1h	0.04263	−0.700%	$69K	$86K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04301	+0.188%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.098%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04305	+0.278%	$256K	$441K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04299	+0.141%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04305	+0.278%	$14.1M	$5.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04303	+0.236%	$33K	$212K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04301	+0.176%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04301	+0.185%	$12.2M	$43.2M	75x	as long as short
Bybit STRKUSDTshort	+0.0100%	4h	0.04297	+0.092%	$14.8M	$19.6M	50x

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	0.04301	+0.185%	$4.6M	$18.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04298	+0.115%	$569K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04301	+0.185%	$11.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04303	+0.232%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04301	+0.183%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04299	+0.138%	—	$735K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04290	−0.071%	$27K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04274	−0.446%	$416K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04294	+0.024%	$182K	$3.4M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04393	+2.328%	$1K	$887K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04298	+0.125%	$120K	$880K	10x	as long as short
Kraken Futures PF_STRKUSDlong	+0.0336%	1h	0.04293	long leg	$446K	$488K	20x
BloFin STRK-USDT	+0.0340%	4h	0.04283	−0.234%	$653K	$762K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0449%	1h	0.04294	+0.022%	$8K	$43K	25x	as long as short