STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0536%/8h= +58.7% APRnext payment +$0.67 per $10,000 · paid last 24h −0.054%

Price spread now: Lighter against Kraken Futures+0.149%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1191.191% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−1.013%−$101 on $10k

Price spread, last 3 days (all we have)−1.246%−$125 · spread now +0.149%, 7d avg −0.077%

Together, before fees−2.259%+ Points / potential airdropLighter: Season 3 · farm board−$226 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.226% dearer against Kraken Futures than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.077%. Mind the row above: over the last 7 days funding on this pair cost −1.013%, 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	0.04347	−0.0304	get 0.0038% / 1h	23m 06s	$457K	$538K	20x
Short	Lighter STRK	0.04353	0.0232	get 0.0029% / 1h	23m 06s	$266K	$506K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.149%Rate

Funding earned: $112.56
Price spread: +0.149% → −0.077%: $22.6
Slippage, 4 orders: −$109.08
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $16.07
Costs to cover: 1.191%
Break-even: 6.0 days

Slippage from Kraken Futures: live order book, 45 min ago; Lighter: live order book, 37 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, 45 min ago	8.02 bp	26.8 bp −$27	2754.5 bp −$27.5K	doesn't fit	doesn't fit
Sell Lighter live order book, 37 min ago	18.48 bp	23.2 bp −$23	88.0 bp −$880	doesn't fit	doesn't fit

STRK on 23 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	−0.0560%	1h	0.04277	−1.599%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0304%	1h	0.04347	long leg	$457K	$538K	20x
dYdX STRK-USD	0.0000%	1h	0.04353	+0.152%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.645%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04350	+0.070%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04347	+0.011%	$14.7M	$7.1M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04348	+0.029%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04354	+0.177%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04343	−0.079%	$12.4M	$47.4M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04342	−0.104%	$15.0M	$21.0M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04343	−0.081%	$4.7M	$21.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04346	−0.012%	$591K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04344	−0.058%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04347	+0.011%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04349	+0.046%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04346	−0.012%	—	$26.3M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04344	−0.058%	$24K	$146K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04329	−0.408%	$332K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04340	−0.155%	$188K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04448	+2.335%	$2K	$840K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04342	−0.096%	$121K	$661K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0210%	1h	0.04348	+0.034%	$8K	$44K	25x	as long as short
Lighter STRKshort	+0.0232%	1h	0.04353	+0.149%	$266K	$506K	5x