Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: Backpack against Pacifica−0.007%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.681%+$68 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica STRK	0.04342	0.0100	pay 0.0013% / 1h	32m 21s	$43K	$69K	5x
Short	Backpack STRK_USDC_PERP	0.04342	0.0100	get 0.0013% / 1h	32m 21s	$30K	$144K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Pacifica. 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 PacificabpFee BackpackbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → 0.000%: −$0.69
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$18.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Backpack: live order book, 26 min ago. Net counts fees only.

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 Pacifica no order-book sample	—	—	—	—	—
Sell Backpack live order book, 26 min ago	2.31 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit

Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0976%	1h	0.04311	−0.721%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0135%	1h	0.04342	0.000%	$462K	$548K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04343	+0.010%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.758%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04348	+0.131%	$265K	$501K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04339	−0.075%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04345	+0.062%	$14.6M	$6.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04344	+0.041%	$33K	$269K	10x	as long as short
Pacifica STRKlong	+0.0100%	1h	0.04342	long leg	$43K	$69K	5x
Binance STRKUSDT	+0.0100%	4h	0.04342	−0.007%	$12.4M	$45.2M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04334	−0.191%	$15.3M	$20.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04336	−0.145%	$4.7M	$20.2M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04339	−0.076%	$568K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04342	−0.007%	$12.2M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04342	−0.007%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04341	−0.039%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04340	−0.053%	—	$729K	—	as long as short
Backpack STRK_USDC_PERPshort	+0.0100%	1h	0.04342	−0.007%	$30K	$144K	10x
Variational Omni STRK	+0.0100%	4h	0.04300	−0.980%	$425K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04307	−0.813%	$189K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04446	+2.388%	$1K	$842K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04336	−0.142%	$120K	$659K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04345	+0.062%	$764K	$836K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0672%	1h	0.04344	+0.039%	$8K	$44K	25x	as long as short