Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0401%/8h= +43.9% APRpaid last 24h +0.179%

Price spread now: Kraken Futures against OKX+0.149%7-day average +0.197% · you sell dearer than you buy

Net, funding: paid 7d − costs+$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$990.992% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.397%+$140 on $10k

Price spread, last 3 days (all we have)+1.131%+$113 · spread now +0.149%, 7d avg +0.197%

Together, before fees+2.528%+$253 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.048% cheaper against OKX than usual: you would sell low and buy high (spread +0.149% now, against its 7-day average of +0.197%). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STRK-USDT-SWAP	0.04412	0.0100	pay 0.0050% / 4h	50m 54s	$4.9M	$23.5M	50x
Short	Kraken Futures PF_STRKUSD	0.04419	0.0501	get 0.0063% / 1h	50m 54s	$473K	$512K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.149%Rate

Funding earned: $84.11
Price spread: +0.149% → +0.197%: −$4.77
Slippage, 4 orders: −$79.22
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$19.89
Costs to cover: 0.992%
Break-even: 8.7 days

Slippage from OKX: live order book, 3 min ago; Kraken Futures: live order book, 27 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 OKX live order book, 3 min ago	1.13 bp	15.5 bp −$15	169.3 bp −$1,693	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 27 min ago	15.94 bp	31.7 bp −$32	399.0 bp −$3,990	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	−0.0584%	1h	0.04396	−0.363%	$63K	$96K	25x	as long as short
dYdX STRK-USD	+0.0002%	1h	0.04403	−0.207%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.914%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0076%	4h	0.04414	+0.045%	$749K	$720K	75x	as long as short
Bybit STRKUSDT	+0.0084%	4h	0.04412	0.000%	$15.6M	$21.5M	50x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04400	−0.281%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04417	+0.113%	$15.1M	$7.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04417	+0.108%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04400	−0.272%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04415	+0.078%	$12.6M	$49.8M	75x	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-SWAPlong	+0.0100%	4h	0.04412	long leg	$4.9M	$23.5M	50x
Gate STRK_USDT	+0.0100%	4h	0.04417	+0.113%	$591K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04416	+0.091%	$12.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04416	+0.091%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04413	+0.029%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04414	+0.045%	—	$721K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04403	−0.206%	$324K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04410	−0.045%	$193K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04510	+2.221%	$1K	$832K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04412	+0.001%	$122K	$625K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0257%	1h	0.04415	+0.068%	$25K	$148K	10x	as long as short
Kraken Futures PF_STRKUSDshort	+0.0501%	1h	0.04419	+0.149%	$473K	$512K	20x
Lighter STRK	+0.0552%	1h	0.04428	+0.363%	$273K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0655%	1h	0.04422	+0.227%	$2K	$34K	25x	as long as short