Settings8H · net · $10k
Funding arb · Price arb /

STRK

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0434%/8h= −47.5% APRnext payment $0.54 per $10,000 · paid last 24h +0.192%
Price spread now: Kraken Futures against Injective−14.151%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Kraken Futures is 14.151% cheaper against Injective than usual: you would sell low and buy high (−$1,415 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective STRK/USDC PERP0.050700.0033pay 0.0004% / 1h5m 10s$3K$38K5.5x
ShortKraken Futures PF_STRKUSD0.04353−0.0401pay 0.0050% / 1h5m 10s$464K$526K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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

Funding earned
−$91.17
Price spread: −14.151% → 0.000%
−$1,415.13
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$1,516.32
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Kraken Futures live order book, 3 min ago8.02 bp32.7 bp −$33373.2 bp −$3,732doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

STRK on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International STRK-PERP-INTX−0.0576%1h0.04339−14.418%$61K$93K25xas long as short
Kraken Futures PF_STRKUSDshort−0.0401%1h0.04353−14.151%$464K$526K20x
dYdX STRK-USD0.0000%1h0.04351−14.187%$20K$24K5xas long as short
Injective STRK/USDC PERPlong+0.0033%1h0.05070long leg$3K$38K5.5x
Paradex STRK-USD-PERP+0.0100%8h0.04350−14.208%$8K$14420xas long as short
Hyperliquid STRK+0.0100%1h0.04357−14.063%$14.8M$7.3M5xas long as short
Aster STRKUSDT+0.0100%4h0.04352−14.171%$33K$335K10xas long as short
Pacifica STRK+0.0100%1h0.04353−14.134%$43K$69K5xas long as short
Binance STRKUSDT+0.0100%4h0.04351−14.180%$12.4M$48.6M75xas long as short
Bybit STRKUSDT+0.0100%4h0.04348−14.241%$15.2M$21.5M50xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX STRK-USDT-SWAP+0.0100%4h0.04351−14.181%$4.8M$22.5M50xas long as short
Gate STRK_USDT+0.0100%4h0.04349−14.221%$584K$1.4M50xas long as short
MEXC STRK_USDT+0.0100%4h0.04351−14.181%$12.3M$2.2M100xas long as short
KuCoin STRKUSDTM+0.0100%4h0.04353−14.142%$1.5M$1.9M50xas long as short
Bitget STRKUSDT+0.0100%4h0.04352−14.156%$3.1M$4.0M75xas long as short
BingX STRK-USDT+0.0100%4h0.04352−14.162%$26.5Mas long as short
Backpack STRK_USDC_PERP+0.0100%1h0.04352−14.162%$23K$147K10xas long as short
Variational Omni STRK+0.0100%4h0.04341−14.385%$356K$2.0Mas long as short
GRVT STRK_USDT_Perp+0.0100%4h0.04343−14.331%$193K$3.5M10xas long as short
SunX STRK-USDT+0.0100%4h0.04452−12.189%$1K$843K20xas long as short
Extended STRK-USD+0.0104%1h0.04349−14.213%$121K$663K10xas long as short
Deribit STRK_USDC-PERPETUAL+0.0209%1h0.04355−14.103%$8K$44K25xas long as short
BloFin STRK-USDT+0.0340%4h0.04347−14.260%$748K$794K75xas long as short
Lighter STRK+0.0424%1h0.04361−13.984%$265K$506K5xas long as short