Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0499%/8h= +54.6% APRpaid last 24h −0.179%

Price spread now: OKX against Kraken Futures−0.001%7-day average −0.197% · you buy dearer than you sell

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$1061.062% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.397%−$140 on $10k

Price spread, last 3 days (all we have)−1.279%−$128 · spread now −0.001%, 7d avg −0.197%

Together, before fees−2.676%−$268 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and OKX is 0.196% dearer against Kraken Futures than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.197%. Mind the row above: over the last 7 days funding on this pair cost −1.397%, 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	0.04377	−0.0399	get 0.0050% / 1h	56m 38s	$468K	$515K	20x
Short	OKX STRK-USDT-SWAP	0.04377	0.0100	get 0.0050% / 4h	3h 56m	$4.9M	$23.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.001%Rate

Funding earned: $104.7
Price spread: −0.001% → −0.197%: $19.58
Slippage, 4 orders: −$86.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $18.12
Costs to cover: 1.062%
Break-even: 5.8 days

Slippage from Kraken Futures: live order book, 16 min ago; OKX: 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, 16 min ago	13.67 bp	44.4 bp −$44	2997.6 bp −$30.0K	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.14 bp	15.5 bp −$16	141.9 bp −$1,419	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	−0.0576%	1h	0.04342	−0.801%	$62K	$95K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0399%	1h	0.04377	long leg	$468K	$515K	20x
Bybit STRKUSDT	−0.0092%	4h	0.04375	−0.047%	$15.4M	$21.5M	50x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04380	+0.065%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.832%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04378	+0.026%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04382	+0.113%	$14.9M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04380	+0.069%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04380	+0.068%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04381	+0.084%	$12.5M	$49.3M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAPshort	+0.0100%	4h	0.04377	−0.001%	$4.9M	$23.0M	50x
Gate STRK_USDT	+0.0100%	4h	0.04375	−0.047%	$585K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04378	+0.022%	$12.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04380	+0.068%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04378	+0.022%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04377	−0.001%	—	$725K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04380	+0.068%	$25K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04369	−0.186%	$353K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04376	−0.035%	$193K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04472	+2.170%	$2K	$836K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04375	−0.051%	$121K	$622K	10x	as long as short
BloFin STRK-USDT	+0.0137%	4h	0.04376	−0.024%	$748K	$728K	75x	as long as short
Lighter STRK	+0.0240%	1h	0.04388	+0.250%	$269K	$504K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0664%	1h	0.04380	+0.068%	$8K	$44K	25x	as long as short