Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Backpack against SunX−2.310%7-day average −2.393% · you buy dearer than you sell

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

Long on SunX 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 3 days (all we have)−1.375%−$137 · spread now −2.310%, 7d avg −2.393%

Together, before fees−0.694%−$69 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: Backpack is 0.083% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −2.393%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STRK-USDT	0.04502	0.0100	pay 0.0050% / 4h	1h 38m	$2K	$824K	20x
Short	Backpack STRK_USDC_PERP	0.04398	0.0100	get 0.0013% / 1h	38m 55s	$25K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SunX. 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 SunXbpFee BackpackbpOrdersPrice spread, now −2.310%Rate

Funding earned: $0
Price spread: −2.310% → −2.393%: $8.25
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$9.75
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 33 min ago; Backpack: live order book, 44 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 SunX live order book, 33 min ago	253.84 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 44 min ago	5.65 bp	17.3 bp −$17	doesn't fit	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	0.04385	−2.599%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04401	−2.254%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+12.617%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0070%	4h	0.04400	−2.266%	$761K	$727K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04399	−2.298%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04402	−2.221%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04401	−2.248%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04402	−2.223%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04398	−2.310%	$12.7M	$50.1M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04393	−2.421%	$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	0.04395	−2.377%	$4.9M	$23.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04399	−2.288%	$587K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04399	−2.288%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04396	−2.355%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04401	−2.255%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04395	−2.377%	—	$723K	—	as long as short
Backpack STRK_USDC_PERPshort	+0.0100%	1h	0.04398	−2.310%	$25K	$150K	10x
Variational Omni STRK	+0.0100%	4h	0.04397	−2.332%	$259K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04402	−2.226%	$194K	$3.5M	10x	as long as short
SunX STRK-USDTlong	+0.0100%	4h	0.04502	long leg	$2K	$824K	20x
Extended STRK-USD	+0.0104%	1h	0.04395	−2.372%	$122K	$626K	10x	as long as short
Lighter STRK	+0.0448%	1h	0.04411	−2.021%	$272K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0659%	1h	0.04405	−2.155%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.1165%	1h	0.04403	−2.189%	$478K	$496K	20x	as long as short