Funding you earn now, next payment 07:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.19 per $10,000 · paid last 24h −0.026%
Price spread now: Backpack against Kraken Futures−0.093%7-day average −0.205% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1191.192% of the position
Funding, last 7 days−0.770%−$77 on $10k
+Price spread, last 4 days (all we have)−0.970%−$97 · spread now −0.093%, 7d avg −0.205%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Backpack is 0.112% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.205%. Mind the row above: over the last 7 days funding on this pair cost −0.770%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_STRKUSD | 0.04309 | −0.0050 | get 0.0006% / 1h | 4m 39s | $448K | $585K | 20x |
| Short | Backpack STRK_USDC_PERP | 0.04305 | 0.0100 | get 0.0013% / 1h | 4m 39s | $29K | $144K | 10x |
Kraken Futures PF_STRKUSD
Backpack STRK_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $31.42
- Price spread: −0.093% → −0.205%
- $11.2
- Slippage, 4 orders
- −$99.2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$76.58
- Costs to cover
- 1.192%
- Break-even
- 24.1 days
Slippage from Kraken Futures: live order book, 38 min ago; Backpack: live order book, 38 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 Kraken Futures live order book, 38 min ago | 16.12 bp | 57.5 bp −$57 | 3144.4 bp −$31.4K | doesn't fit | doesn't fit |
| Sell Backpack live order book, 38 min ago | 3.45 bp | 18.3 bp −$18 | 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 | −0.0992% | 1h | 0.04294 | −0.348% | $70K | $89K | 25x | as long as short |
| Kraken Futures PF_STRKUSDlong | −0.0050% | 1h | 0.04309 | long leg | $448K | $585K | 20x | |
| dYdX STRK-USD | 0.0000% | 1h | 0.04312 | +0.064% | $20K | $24K | 5x | as long as short |
| Injective STRK/USDC PERP | +0.0033% | 1h | 0.05070 | +17.660% | $3K | $38K | 5.5x | as long as short |
| Lighter STRK | +0.0096% | 1h | 0.04310 | +0.023% | $256K | $444K | 5x | as long as short |
| Paradex STRK-USD-PERP | +0.0100% | 8h | 0.04302 | −0.158% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRK | +0.0100% | 1h | 0.04310 | +0.023% | $14.2M | $6.0M | 5x | as long as short |
| Aster STRKUSDT | +0.0100% | 4h | 0.04307 | −0.055% | $33K | $229K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04307 | −0.054% | $43K | $65K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04303 | −0.140% | $12.2M | $44.2M | 75x | as long as short |
Coinbase International STRK-PERP-INTX
dYdX STRK-USD
Injective STRK/USDC PERP
Lighter STRK
Paradex STRK-USD-PERP
Hyperliquid STRK
Aster STRKUSDT
Pacifica STRK
Binance STRKUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STRKUSDT | +0.0100% | 4h | 0.04301 | −0.186% | $15.0M | $20.2M | 50x | as long as short |
| OKX STRK-USDT-SWAP | +0.0100% | 4h | 0.04302 | −0.163% | $4.6M | $18.9M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04306 | −0.070% | $577K | $1.4M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04304 | −0.116% | $11.5M | $2.1M | 100x | as long as short |
| KuCoin STRKUSDTM | +0.0100% | 4h | 0.04305 | −0.093% | $1.5M | $1.8M | 50x | as long as short |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04300 | −0.209% | $3.0M | $3.8M | 75x | as long as short |
| BingX STRK-USDC | +0.0100% | 4h | 0.04301 | −0.186% | — | $734K | — | as long as short |
| Backpack STRK_USDC_PERPshort | +0.0100% | 1h | 0.04305 | −0.093% | $29K | $144K | 10x | |
| Variational Omni STRK | +0.0100% | 4h | 0.04310 | +0.017% | $423K | $1.9M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04312 | +0.077% | $188K | $3.5M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04410 | +2.344% | $2K | $880K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04298 | −0.250% | $120K | $436K | 10x | as long as short |
| BloFin STRK-USDT | +0.0340% | 4h | 0.04306 | −0.070% | $673K | $778K | 75x | as long as short |
| Deribit STRK_USDC-PERPETUAL | +0.0447% | 1h | 0.04309 | 0.000% | $8K | $43K | 25x | as long as short |
Bybit STRKUSDT
OKX STRK-USDT-SWAP
Gate STRK_USDT
MEXC STRK_USDT
KuCoin STRKUSDTM
Bitget STRKUSDT
BingX STRK-USDC
Variational Omni STRK
GRVT STRK_USDT_Perp
SunX STRK-USDT
Extended STRK-USD
BloFin STRK-USDT
Deribit STRK_USDC-PERPETUAL