Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin+0.101%7-day average −0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$940.937% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.101%, 7d avg −0.134%

Together, before fees−0.056%+ Points / potential airdropExtended: Active · farm board−$6 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: Extended is 0.234% dearer against KuCoin than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.134%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRKUSDTM	0.04311	0.0100	pay 0.0050% / 4h	3h 56m	$1.5M	$1.8M	50x
Short	Extended STRK-USD	0.04315	0.0104	get 0.0013% / 1h	56m 01s	$121K	$659K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.101%Rate

Funding earned: $0.84
Price spread: +0.101% → −0.134%: $23.45
Slippage, 4 orders: −$76.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$69.43
Costs to cover: 0.937%
Break-even: 585.6 days

Slippage from KuCoin: live order book, 10 min ago; Extended: live order book, 62 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, 10 min ago	2.32 bp	23.7 bp −$24	100.4 bp −$1,004	doesn't fit	doesn't fit
Sell Extended live order book, 62 min ago	4.63 bp	20.0 bp −$20	155.7 bp −$1,557	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	−0.1032%	1h	0.04303	−0.186%	$75K	$98K	25x	as long as short
Gate STRK_USDT	−0.0014%	4h	0.04309	−0.046%	$565K	$1.3M	50x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04313	+0.052%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04318	+0.162%	$8K	$44K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.606%	$3K	$38K	5.5x	as long as short
Kraken Futures PF_STRKUSD	+0.0059%	1h	0.04318	+0.170%	$458K	$557K	20x	as long as short
Lighter STRK	+0.0096%	1h	0.04325	+0.325%	$264K	$464K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04309	−0.050%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04317	+0.139%	$14.5M	$6.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04319	+0.195%	$33K	$229K	10x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica STRK	+0.0100%	1h	0.04315	+0.081%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04310	−0.023%	$12.3M	$44.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04306	−0.116%	$15.2M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04310	−0.023%	$4.7M	$19.7M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04313	+0.046%	$12.1M	$1.9M	100x	as long as short
KuCoin STRKUSDTMlong	+0.0100%	4h	0.04311	long leg	$1.5M	$1.8M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04310	−0.019%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04315	+0.093%	—	$727K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04311	0.000%	$30K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04310	−0.029%	$428K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04319	+0.182%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04409	+2.273%	$2K	$845K	20x	as long as short
Extended STRK-USDshort	+0.0104%	1h	0.04315	+0.101%	$121K	$659K	10x
BloFin STRK-USDT	+0.0340%	4h	0.04313	+0.046%	$754K	$786K	75x	as long as short