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= +25.9% APRpaid last 24h −0.104%

Price spread now: Gate against Kraken Futures−0.179%7-day average −0.226% · you buy dearer than you sell

Net, funding: paid 7d − costs−$282as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1371.368% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.448%−$145 on $10k

Price spread, last 4 days (all we have)−2.266%−$227 · spread now −0.179%, 7d avg −0.226%

Together, before fees−3.714%−$371 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 Gate is 0.047% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.226%. Mind the row above: over the last 7 days funding on this pair cost −1.448%, 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	0.04320	−0.0136	get 0.0017% / 1h	2m 29s	$458K	$548K	20x
Short	Gate STRK_USDT	0.04312	0.0100	get 0.0050% / 4h	2m 29s	$565K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.179%Rate

Funding earned: $49.59
Price spread: −0.179% → −0.226%: $4.67
Slippage, 4 orders: −$111.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$82.5
Costs to cover: 1.368%
Break-even: 18.6 days

Slippage from Kraken Futures: live order book, 55 min ago; Gate: live order book, 5 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, 55 min ago	20.80 bp	29.9 bp −$30	2647.5 bp −$26.5K	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.16 bp	35.0 bp −$35	290.3 bp −$2,903	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	−0.0976%	1h	0.04303	−0.387%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0136%	1h	0.04320	long leg	$458K	$548K	20x
dYdX STRK-USD	0.0000%	1h	0.04322	+0.058%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.368%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04328	+0.191%	$264K	$502K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04318	−0.039%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04326	+0.145%	$14.5M	$6.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04322	+0.050%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04320	+0.006%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04318	−0.032%	$12.4M	$44.6M	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	0.04316	−0.086%	$15.2M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04318	−0.040%	$4.7M	$19.7M	50x	as long as short
Gate STRK_USDTshort	+0.0100%	4h	0.04312	−0.179%	$565K	$1.4M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04318	−0.040%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04320	+0.006%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04319	−0.015%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04318	−0.040%	—	$9.2M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04318	−0.040%	$30K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04312	−0.185%	$428K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04318	−0.040%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04419	+2.298%	$1K	$844K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04317	−0.057%	$121K	$659K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0213%	1h	0.04321	+0.029%	$8K	$44K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04315	−0.110%	$765K	$790K	75x	as long as short