Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.159%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$850.847% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 7 days+0.188%+$19 · spread now −0.159%, 7d avg −0.063%

Together, before fees+0.306%+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.096% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRKUSDTM	0.04393	0.0100	pay 0.0050% / 4h	1h 37m	$1.5M	$1.9M	50x
Short	Bybit STRKUSDT	0.04386	0.0100	get 0.0050% / 4h	1h 37m	$15.5M	$21.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.159%Rate

Funding earned: $0
Price spread: −0.159% → −0.063%: −$9.64
Slippage, 4 orders: −$61.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$94.33
Costs to cover: 0.847%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 1 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 KuCoin live order book, 4 min ago	2.28 bp	36.7 bp −$37	109.9 bp −$1,099	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.14 bp	18.0 bp −$18	47.2 bp −$472	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	−0.0592%	1h	0.04385	−0.182%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04397	+0.085%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.411%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0070%	4h	0.04400	+0.159%	$761K	$727K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04394	+0.023%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04397	+0.091%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04396	+0.060%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04397	+0.096%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04391	−0.046%	$12.6M	$50.0M	75x	as long as short
Bybit STRKUSDTshort	+0.0100%	4h	0.04386	−0.159%	$15.5M	$21.4M	50x

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	0.04389	−0.091%	$4.9M	$23.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04398	+0.114%	$587K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04394	+0.023%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTMlong	+0.0100%	4h	0.04393	long leg	$1.5M	$1.9M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04390	−0.066%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04390	−0.068%	—	$722K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04395	+0.046%	$25K	$150K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04397	+0.091%	$259K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04401	+0.179%	$194K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04495	+2.322%	$2K	$825K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04388	−0.120%	$122K	$626K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0433%	1h	0.04396	+0.068%	$8K	$24K	25x	as long as short
Lighter STRK	+0.0448%	1h	0.04407	+0.319%	$272K	$540K	5x	as long as short
Kraken Futures PF_STRKUSD	+0.1167%	1h	0.04398	+0.107%	$477K	$496K	20x	as long as short