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 Paradex−0.036%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Kraken Futures is 0.036% cheaper against Paradex than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$32 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex STRK-USD-PERP	0.04396	0.0100	pay 0.0100% / 8h	1h 28m	$8K	$144	20x
Short	Kraken Futures PF_STRKUSD	0.04394	0.1168	get 0.0146% / 1h	28m 18s	$477K	$496K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now −0.036%Rate

Funding earned: $224.23
Price spread: −0.036% → 0.000%: −$3.63
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $206.6
Costs to cover: 0.140%
Break-even: 0.6 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 55 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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 55 min ago	38.31 bp	45.7 bp −$46	442.2 bp −$4,422	doesn't fit	doesn't fit

Paradex: 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	−0.0592%	1h	0.04378	−0.404%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04397	+0.022%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.338%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0096%	4h	0.04391	−0.109%	$752K	$725K	75x	as long as short
Paradex STRK-USD-PERPlong	+0.0100%	8h	0.04396	long leg	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04398	+0.051%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04393	−0.057%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04398	+0.051%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04387	−0.200%	$12.6M	$50.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04382	−0.313%	$15.5M	$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	0.04386	−0.222%	$4.9M	$23.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04390	−0.131%	$585K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04389	−0.154%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04394	−0.040%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04390	−0.143%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04390	−0.131%	—	$720K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04394	−0.040%	$25K	$150K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04382	−0.314%	$259K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04386	−0.223%	$194K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04491	+2.166%	$1K	$826K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04386	−0.213%	$121K	$626K	10x	as long as short
Lighter STRK	+0.0400%	1h	0.04399	+0.073%	$271K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0433%	1h	0.04393	−0.063%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSDshort	+0.1168%	1h	0.04394	−0.036%	$477K	$496K	20x