Funding you earn now, next payment 07:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.003%
Price spread now: Backpack against KuCoin0.000%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$930.930% of the position
Funding, last 7 days+0.780%+$78 on $10k
+Price spread, last 4 days (all we have)+0.180%+$18 · spread now 0.000%, 7d avg −0.023%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.023% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin STRKUSDTM | 0.04348 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $1.5M | $1.9M | 50x |
| Short | Backpack STRK_USDC_PERP | 0.04348 | 0.0203 | get 0.0025% / 1h | 42m 40s | $29K | $146K | 10x |
KuCoin STRKUSDTM
Backpack STRK_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21.66
- Price spread: 0.000% → −0.023%
- $2.3
- Slippage, 4 orders
- −$70.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$69.03
- Costs to cover
- 0.930%
- Break-even
- 29.3 days
Slippage from KuCoin: live order book, 4 min ago; Backpack: live order book, just now.
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 KuCoin live order book, 4 min ago | 5.77 bp | 30.4 bp −$30 | 101.7 bp −$1,017 | doesn't fit | doesn't fit |
| Sell Backpack live order book, just now | 3.45 bp | 18.3 bp −$18 | 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 | −0.0992% | 1h | 0.04315 | −0.759% | $70K | $103K | 25x | as long as short |
| Kraken Futures PF_STRKUSD | −0.0049% | 1h | 0.04353 | +0.105% | $449K | $600K | 20x | as long as short |
| dYdX STRK-USD | 0.0000% | 1h | 0.04347 | −0.016% | $20K | $24K | 5x | as long as short |
| Injective STRK/USDC PERP | +0.0033% | 1h | 0.05070 | +16.605% | $3K | $38K | 5.5x | as long as short |
| Lighter STRK | +0.0096% | 1h | 0.04353 | +0.115% | $259K | $442K | 5x | as long as short |
| Paradex STRK-USD-PERP | +0.0100% | 8h | 0.04344 | −0.097% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRK | +0.0100% | 1h | 0.04352 | +0.092% | $14.4M | $6.2M | 5x | as long as short |
| Aster STRKUSDT | +0.0100% | 4h | 0.04346 | −0.040% | $33K | $229K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04347 | −0.023% | $43K | $69K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04345 | −0.078% | $12.3M | $44.7M | 75x | as long as short |
Coinbase International STRK-PERP-INTX
Kraken Futures PF_STRKUSD
dYdX STRK-USD
Injective STRK/USDC PERP
Lighter STRK
Paradex STRK-USD-PERP
Hyperliquid STRK
Aster STRKUSDT
Pacifica STRK
Binance STRKUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STRKUSDT | +0.0100% | 4h | 0.04343 | −0.115% | $15.2M | $20.3M | 50x | as long as short |
| OKX STRK-USDT-SWAP | +0.0100% | 4h | 0.04345 | −0.069% | $4.7M | $19.4M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04346 | −0.046% | $584K | $1.4M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04345 | −0.069% | $11.5M | $2.1M | 100x | as long as short |
| KuCoin STRKUSDTMlong | +0.0100% | 4h | 0.04348 | long leg | $1.5M | $1.9M | 50x | |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04346 | −0.055% | $3.0M | $3.9M | 75x | as long as short |
| BingX STRK-USDT | +0.0100% | 4h | 0.04347 | −0.023% | — | $10.1M | — | as long as short |
| Variational Omni STRK | +0.0100% | 4h | 0.04327 | −0.489% | $423K | $1.9M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04332 | −0.374% | $190K | $3.5M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04442 | +2.162% | $2K | $877K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04349 | +0.012% | $122K | $482K | 10x | as long as short |
| Backpack STRK_USDC_PERPshort | +0.0203% | 1h | 0.04348 | 0.000% | $29K | $146K | 10x | |
| BloFin STRK-USDT | +0.0340% | 4h | 0.04346 | −0.046% | $680K | $785K | 75x | as long as short |
| Deribit STRK_USDC-PERPETUAL | +0.0670% | 1h | 0.04352 | +0.092% | $8K | $43K | 25x | as long as short |
Bybit STRKUSDT
OKX STRK-USDT-SWAP
Gate STRK_USDT
MEXC STRK_USDT
Bitget STRKUSDT
BingX STRK-USDT
Variational Omni STRK
GRVT STRK_USDT_Perp
SunX STRK-USDT
Extended STRK-USD
BloFin STRK-USDT
Deribit STRK_USDC-PERPETUAL