Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%

Price spread now: Backpack against Aster−0.098%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1161.158% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.666%+$67 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.098%, 7d avg +0.043%

Together, before fees+0.819%+ Points / potential airdropAster: Stage 5 · farm board+$82 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 0.142% cheaper against Aster than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster STRKUSDT	0.04371	0.0100	pay 0.0050% / 4h	6m 03s	$34K	$350K	10x
Short	Backpack STRK_USDC_PERP	0.04367	0.0100	get 0.0013% / 1h	6m 03s	$25K	$148K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → +0.043%: −$14.18
Slippage, 4 orders: −$97.8
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$129.98
Costs to cover: 1.158%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Backpack: live order book, 7 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 Aster live order book, 6 min ago	13.69 bp	39.5 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 7 min ago	3.42 bp	25.5 bp −$26	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	−0.0584%	1h	0.04342	−0.670%	$62K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04374	+0.059%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.984%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0095%	4h	0.04375	+0.085%	$750K	$728K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04369	−0.048%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04372	+0.016%	$14.9M	$7.4M	5x	as long as short
Aster STRKUSDTlong	+0.0100%	4h	0.04371	long leg	$34K	$350K	10x
Pacifica STRK	+0.0100%	1h	0.04374	+0.066%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04368	−0.072%	$12.5M	$49.4M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04364	−0.167%	$15.3M	$21.5M	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	0.04365	−0.144%	$4.8M	$23.0M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04370	−0.030%	$584K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04371	−0.007%	$12.4M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04369	−0.053%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04366	−0.112%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04367	−0.098%	—	$26.4M	—	as long as short
Backpack STRK_USDC_PERPshort	+0.0100%	1h	0.04367	−0.098%	$25K	$148K	10x
Variational Omni STRK	+0.0100%	4h	0.04363	−0.192%	$352K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04371	−0.007%	$190K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04470	+2.258%	$2K	$835K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04366	−0.119%	$121K	$625K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0208%	1h	0.04372	+0.016%	$8K	$44K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.0506%	1h	0.04369	−0.048%	$467K	$515K	20x	as long as short
Lighter STRK	+0.0664%	1h	0.04381	+0.222%	$271K	$507K	5x	as long as short