Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0407%/8h= −44.5% APRpaid last 24h +0.151%

Price spread now: Kraken Futures against Gate+0.335%7-day average +0.228% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1601.605% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.436%+$144 on $10k

Price spread, last 3 days (all we have)+0.663%+$66 · spread now +0.335%, 7d avg +0.228%

Together, before fees+2.098%+$210 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.107% dearer against Gate than usual: you sell high and buy low (spread +0.335% now, against its 7-day average of +0.228%): +$11 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +1.436%, 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	Gate STRK_USDT	0.04293	0.0100	pay 0.0050% / 4h	2h 42m	$575K	$1.3M	50x
Short	Kraken Futures PF_STRKUSD	0.04307	−0.0307	pay 0.0038% / 1h	42m 37s	$456K	$534K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.335%Rate

Funding earned: −$85.42
Price spread: +0.335% → +0.228%: $10.66
Slippage, 4 orders: −$135.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$235.24
Costs to cover: 1.605%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Kraken Futures: live order book, 25 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, 5 min ago	3.49 bp	45.5 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 25 min ago	8.02 bp	32.7 bp −$33	373.2 bp −$3,732	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	−0.0560%	1h	0.04294	+0.023%	$60K	$91K	25x	as long as short
Kraken Futures PF_STRKUSDshort	−0.0307%	1h	0.04307	+0.335%	$456K	$534K	20x
dYdX STRK-USD	0.0000%	1h	0.04292	−0.015%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+18.099%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04290	−0.069%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04300	+0.163%	$14.6M	$7.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04298	+0.122%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04294	+0.028%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04290	−0.070%	$12.2M	$48.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04287	−0.140%	$14.9M	$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	0.04290	−0.070%	$4.7M	$22.0M	50x	as long as short
Gate STRK_USDTlong	+0.0100%	4h	0.04293	long leg	$575K	$1.3M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04292	−0.023%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04295	+0.047%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04291	−0.051%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04289	−0.093%	—	$727K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04304	+0.256%	$23K	$148K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04294	+0.019%	$356K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04299	+0.133%	$186K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04409	+2.702%	$1K	$844K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04287	−0.129%	$119K	$659K	10x	as long as short
Lighter STRK	+0.0272%	1h	0.04301	+0.186%	$262K	$504K	5x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04315	+0.512%	$749K	$822K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0911%	1h	0.04311	+0.419%	$8K	$44K	25x	as long as short