Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0433%/8h= −47.4% APRpaid last 24h −0.003%

Price spread now: Kraken Futures against Bitget+0.030%7-day average +0.203% · you sell dearer than you buy

Net, funding: paid 7d − costs+$34as in the Funding arb table

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

costs, in and out, $10k−$1121.123% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.463%+$146 on $10k

Price spread, last 4 days (all we have)+5.185%+$518 · spread now +0.030%, 7d avg +0.203%

Together, before fees+6.647%+$665 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 0.173% cheaper against Bitget than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.203%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.463%, 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	Bitget STRKUSDT	0.04267	0.0100	pay 0.0050% / 4h	3h 31m	$3.0M	$3.6M	75x
Short	Kraken Futures PF_STRKUSD	0.04269	−0.0333	pay 0.0042% / 1h	31m 12s	$443K	$477K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$90.99
Price spread: +0.030% → +0.203%: −$17.3
Slippage, 4 orders: −$90.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$220.59
Costs to cover: 1.123%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Bitget live order book, 2 min ago	3.05 bp	18.6 bp −$19	38.1 bp −$381	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	21.07 bp	43.1 bp −$43	549.0 bp −$5,490	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	−0.1448%	1h	0.04256	−0.267%	$69K	$86K	25x	as long as short
Kraken Futures PF_STRKUSDshort	−0.0333%	1h	0.04269	+0.030%	$443K	$477K	20x
dYdX STRK-USD	0.0000%	1h	0.04269	+0.045%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.808%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04275	+0.178%	$254K	$439K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04266	−0.024%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04273	+0.131%	$14.0M	$5.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04271	+0.094%	$33K	$215K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04272	+0.098%	$41K	$68K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04269	+0.037%	$12.1M	$43.0M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04262	−0.127%	$14.8M	$19.6M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04267	−0.009%	$4.6M	$18.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04265	−0.056%	$564K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04269	+0.037%	$11.3M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04270	+0.061%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDTlong	+0.0100%	4h	0.04267	long leg	$3.0M	$3.6M	75x
BingX STRK-USDT	+0.0100%	4h	0.04267	−0.009%	—	$9.8M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04268	+0.014%	$26K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04282	+0.337%	$419K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04286	+0.436%	$184K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04366	+2.311%	$1K	$889K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04266	−0.043%	$120K	$874K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04270	+0.061%	$644K	$758K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0453%	1h	0.04273	+0.131%	$7K	$44K	25x	as long as short