Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0430%/8h= +47.0% APRpaid last 24h +0.003%

Price spread now: SunX against Kraken Futures+2.346%7-day average +2.187% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.463%−$146 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +2.346%, 7d avg +2.187%

Together, before fees−1.501%−$150 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and SunX is 0.159% dearer against Kraken Futures than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +2.187%. Mind the row above: over the last 7 days funding on this pair cost −1.463%, 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	0.04318	−0.0330	get 0.0041% / 1h	49m 13s	$449K	$481K	20x
Short	SunX STRK-USDT	0.04419	0.0100	get 0.0050% / 4h	3h 49m	$1K	$887K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.346%Rate

Funding earned: $90.2
Price spread: +2.346% → +2.187%: $15.95
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $88.15
Costs to cover: 0.180%
Break-even: 0.2 days

Slippage unknown: Kraken Futures: live order book, 49 min ago; SunX: live order book, 63 min ago. Net counts fees only.

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, 49 min ago	16.22 bp	44.5 bp −$45	3289.1 bp −$32.9K	doesn't fit	doesn't fit
Sell SunX live order book, 63 min ago	250.11 bp	doesn't fit	doesn't fit	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	−0.1448%	1h	0.04263	−1.267%	$69K	$86K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0330%	1h	0.04318	long leg	$449K	$481K	20x
dYdX STRK-USD	0.0000%	1h	0.04314	−0.079%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.424%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04325	+0.169%	$257K	$439K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04312	−0.123%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04318	+0.007%	$14.2M	$5.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04317	−0.018%	$33K	$206K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04313	−0.118%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04320	+0.054%	$12.3M	$43.0M	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	0.04314	−0.086%	$14.9M	$19.5M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04318	+0.007%	$4.6M	$18.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04316	−0.039%	$570K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04316	−0.039%	$11.4M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04317	−0.016%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04319	+0.019%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04313	−0.109%	—	$735K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04317	−0.009%	$424K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04305	−0.300%	$187K	$3.5M	10x	as long as short
SunX STRK-USDTshort	+0.0100%	4h	0.04419	+2.346%	$1K	$887K	20x
Extended STRK-USD	+0.0104%	1h	0.04316	−0.028%	$120K	$874K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0210%	1h	0.04305	−0.294%	$27K	$142K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04307	−0.248%	$653K	$764K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0676%	1h	0.04324	+0.146%	$8K	$43K	25x	as long as short