Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0757%/8h= −82.9% APRpaid last 24h −0.006%

Price spread now: Kraken Futures against Variational Omni+0.435%7-day average +0.380% · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+1.195%+$120 on $10k

Price spread, last 4 days (all we have)+2.455%+$246 · spread now +0.435%, 7d avg +0.380%

Together, before fees+3.651%+ Points / potential airdropVariational Omni: Active · farm board+$365 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.055% dearer against Variational Omni than usual: you sell high and buy low (spread +0.435% now, against its 7-day average of +0.380%): +$5 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 4 days funding on this pair paid +1.195%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni STRK	0.04243	0.0083	pay 0.0041% / 4h	1h 58m	$412K	$1.9M	—
Short	Kraken Futures PF_STRKUSD	0.04261	−0.0674	pay 0.0084% / 1h	58m 59s	$454K	$458K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.435%Rate

Funding earned: −$158.96
Price spread: +0.435% → +0.380%: $5.49
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$163.47
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: live order book, 52 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 Variational Omni RFQ quote, 3 min ago	5.88 bp	doesn't fit	55.3 bp −$553	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 52 min ago	11.71 bp	34.9 bp −$35	354.8 bp −$3,548	doesn't fit	doesn't fit

STRK on 24 exchanges

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	−0.1744%	1h	0.04214	−0.672%	$67K	$72K	25x	as long as short
Kraken Futures PF_STRKUSDshort	−0.0674%	1h	0.04261	+0.435%	$454K	$458K	20x
Bybit STRKUSDT	−0.0381%	4h	0.04258	+0.365%	$14.6M	$19.2M	50x	as long as short
dYdX STRK-USD	+0.0019%	1h	0.04257	+0.342%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.505%	$3K	$38K	5.5x	as long as short
Variational Omni STRKlong	+0.0083%	4h	0.04243	long leg	$412K	$1.9M	—
Lighter STRK	+0.0096%	1h	0.04265	+0.530%	$253K	$424K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04256	+0.327%	$8K	$913	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04260	+0.412%	$13.9M	$5.6M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04265	+0.522%	$32K	$183K	10x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica STRK	+0.0100%	1h	0.04260	+0.412%	$41K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04263	+0.491%	$12.1M	$41.4M	75x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04262	+0.460%	$4.6M	$17.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04264	+0.507%	$560K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04261	+0.436%	$11.1M	$1.9M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04262	+0.460%	$1.5M	$1.7M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04262	+0.464%	$3.0M	$3.6M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04262	+0.460%	—	$732K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04257	+0.342%	$27K	$139K	10x	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04253	+0.255%	$185K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04355	+2.652%	$1K	$889K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04260	+0.417%	$118K	$873K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0219%	1h	0.04262	+0.460%	$3K	$43K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04256	+0.318%	$624K	$712K	75x	as long as short