Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0174%/8h= −19.0% APRpaid last 24h −0.018%

Price spread now: Aster against Backpack+0.116%7-day average −0.039% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$1101.100% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.664%−$66 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.116%, 7d avg −0.039%

Together, before fees−0.660%+ Points / potential airdropAster: Stage 5 · farm board−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.155% dearer against Backpack than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.039%): +$16 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 5 days (−0.664% in total) that is about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack STRK_USDC_PERP	0.04339	0.0274	pay 0.0034% / 1h	51m 39s	$30K	$144K	10x
Short	Aster STRKUSDT	0.04344	0.0100	get 0.0050% / 4h	51m 39s	$33K	$269K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$36.48
Price spread: +0.116% → −0.039%: $15.54
Slippage, 4 orders: −$92.03
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$130.97
Costs to cover: 1.100%
Break-even: never at this rate

Slippage from Backpack: live order book, 6 min ago; Aster: live order book, 5 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 Backpack live order book, 6 min ago	2.31 bp	16.3 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	14.98 bp	27.6 bp −$28	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	−0.0976%	1h	0.04290	−1.129%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0136%	1h	0.04340	+0.021%	$453K	$527K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04341	+0.038%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.847%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04335	−0.096%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04343	+0.092%	$14.6M	$6.7M	5x	as long as short
Aster STRKUSDTshort	+0.0100%	4h	0.04344	+0.116%	$33K	$269K	10x
Pacifica STRK	+0.0100%	1h	0.04341	+0.053%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04338	−0.028%	$12.4M	$45.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04334	−0.115%	$15.3M	$20.5M	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	0.04338	−0.023%	$4.7M	$20.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04334	−0.115%	$568K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04339	0.000%	$12.2M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04341	+0.046%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04338	−0.028%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04337	−0.046%	—	$729K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04352	+0.295%	$430K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04341	+0.046%	$188K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04444	+2.420%	$1K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04336	−0.067%	$120K	$663K	10x	as long as short
Lighter STRK	+0.0184%	1h	0.04349	+0.230%	$265K	$501K	5x	as long as short
Backpack STRK_USDC_PERPlong	+0.0274%	1h	0.04339	long leg	$30K	$144K	10x
BloFin STRK-USDT	+0.0340%	4h	0.04344	+0.115%	$762K	$841K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0441%	1h	0.04345	+0.138%	$8K	$43K	25x	as long as short