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= +25.8% APRpaid last 24h −0.104%

Price spread now: Variational Omni against Kraken Futures−0.102%7-day average −0.397% · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−1.209%−$121 on $10k

Price spread, last 4 days (all we have)−2.789%−$279 · spread now −0.102%, 7d avg −0.397%

Together, before fees−3.998%+ Points / potential airdropVariational Omni: Active · farm board−$400 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 Variational Omni is 0.295% dearer against Kraken Futures than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.397%. Mind the row above: over the last 3 days funding on this pair cost −1.209%, 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	0.04337	−0.0136	get 0.0017% / 1h	50m 38s	$452K	$524K	20x
Short	Variational Omni STRK	0.04333	0.0100	get 0.0050% / 4h	50m 38s	$429K	$2.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.102%Rate

Funding earned: $49.47
Price spread: −0.102% → −0.397%: $29.5
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $68.97
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 7 min ago; Variational Omni: RFQ quote, 3 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, 7 min ago	20.80 bp	29.9 bp −$30	2647.5 bp −$26.5K	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	4.60 bp	doesn't fit	57.4 bp −$574	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	0.04290	−1.087%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0136%	1h	0.04337	long leg	$452K	$524K	20x
dYdX STRK-USD	0.0000%	1h	0.04341	+0.080%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.897%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04340	+0.062%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04346	+0.204%	$14.6M	$6.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04344	+0.163%	$33K	$269K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04340	+0.065%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04335	−0.044%	$12.4M	$45.5M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04335	−0.050%	$15.3M	$20.4M	50x	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-SWAP	+0.0100%	4h	0.04333	−0.096%	$4.7M	$20.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04334	−0.073%	$568K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04339	+0.042%	$12.2M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04342	+0.112%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04338	+0.010%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04335	−0.050%	—	$730K	—	as long as short
Variational Omni STRKshort	+0.0100%	4h	0.04333	−0.102%	$429K	$2.0M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04345	+0.192%	$189K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04437	+2.302%	$2K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04333	−0.087%	$120K	$663K	10x	as long as short
Lighter STRK	+0.0144%	1h	0.04345	+0.181%	$265K	$501K	5x	as long as short
Backpack STRK_USDC_PERP	+0.0190%	1h	0.04336	−0.027%	$30K	$144K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0211%	1h	0.04339	+0.042%	$8K	$43K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04336	−0.027%	$761K	$833K	75x	as long as short