Funding arb · Price arb /

STRK

all STRK markets

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 Gate−0.023%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1211.206% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.714%+$71 on $10k

Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.023%, 7d avg +0.026%

Together, before fees+0.875%+$87 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 0.049% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STRK_USDT	0.04399	0.0100	pay 0.0050% / 4h	1h 38m	$587K	$1.4M	50x
Short	Backpack STRK_USDC_PERP	0.04398	0.0100	get 0.0013% / 1h	38m 35s	$25K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.026%: −$4.86
Slippage, 4 orders: −$95.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$125.41
Costs to cover: 1.206%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Backpack: live order book, 44 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 Gate live order book, 4 min ago	3.41 bp	34.7 bp −$35	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	−0.318%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04401	+0.034%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.253%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0070%	4h	0.04400	+0.023%	$761K	$727K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04396	−0.067%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04401	+0.045%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04398	−0.013%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04398	−0.016%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04398	−0.023%	$12.7M	$50.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04392	−0.159%	$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	0.04394	−0.114%	$4.9M	$23.6M	50x	as long as short
Gate STRK_USDTlong	+0.0100%	4h	0.04399	long leg	$587K	$1.4M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04398	−0.023%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04394	−0.114%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04399	−0.002%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04395	−0.091%	—	$26.0M	—	as long as short
Backpack STRK_USDC_PERPshort	+0.0100%	1h	0.04398	−0.023%	$25K	$150K	10x
Variational Omni STRK	+0.0100%	4h	0.04397	−0.046%	$259K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04402	+0.063%	$194K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04502	+2.341%	$2K	$824K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04394	−0.108%	$122K	$626K	10x	as long as short
Lighter STRK	+0.0448%	1h	0.04408	+0.205%	$272K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0659%	1h	0.04405	+0.136%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.1165%	1h	0.04403	+0.101%	$478K	$496K	20x	as long as short