Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1068%/8h= +116.9% APRpaid last 24h +0.172%

Price spread now: Kraken Futures against KuCoin+0.233%7-day average +0.184% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1571.571% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.492%+$149 on $10k

Price spread, last 3 days (all we have)+1.691%+$169 · spread now +0.233%, 7d avg +0.184%

Together, before fees+3.183%+$318 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Kraken Futures is 0.049% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.184%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRKUSDTM	0.04384	0.0100	pay 0.0050% / 4h	1h 18m	$1.5M	$1.9M	50x
Short	Kraken Futures PF_STRKUSD	0.04394	0.1168	get 0.0146% / 1h	18m 14s	$476K	$492K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.233%Rate

Funding earned: $224.22
Price spread: +0.233% → +0.184%: $4.93
Slippage, 4 orders: −$135.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $72.01
Costs to cover: 1.571%
Break-even: 4.8 days

Slippage from KuCoin: live order book, 3 min ago; Kraken Futures: live order book, 65 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, 3 min ago	3.42 bp	35.6 bp −$36	114.1 bp −$1,141	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 65 min ago	38.31 bp	45.7 bp −$46	442.2 bp −$4,422	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	0.04378	−0.137%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04388	+0.096%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.648%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0073%	4h	0.04388	+0.091%	$753K	$724K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04386	+0.040%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04389	+0.114%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04387	+0.073%	$34K	$361K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04389	+0.105%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04384	+0.009%	$12.6M	$49.9M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04380	−0.091%	$15.4M	$21.4M	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	0.04385	+0.023%	$4.9M	$23.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04388	+0.091%	$585K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04387	+0.068%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTMlong	+0.0100%	4h	0.04384	long leg	$1.5M	$1.9M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04385	+0.018%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04384	0.000%	—	$720K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04386	+0.046%	$25K	$150K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04386	+0.045%	$259K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04390	+0.136%	$187K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04487	+2.349%	$2K	$827K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04383	−0.013%	$121K	$626K	10x	as long as short
Lighter STRK	+0.0352%	1h	0.04395	+0.251%	$271K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0434%	1h	0.04389	+0.114%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSDshort	+0.1168%	1h	0.04394	+0.233%	$476K	$492K	20x