Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h −0.030%

Price spread now: Binance against Kraken Futures−0.371%7-day average −0.172% · you buy dearer than you sell

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$830.828% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−1.460%−$146 on $10k

Price spread, last 4 days (all we have)−0.799%−$80 · spread now −0.371%, 7d avg −0.172%

Together, before fees−2.259%−$226 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.199% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.371% now, against its 7-day average of −0.172%). If the spread goes back, that is −$20 on $10k: about 4.4 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −1.460%, 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	0.04343	−0.0049	get 0.0006% / 1h	47m 36s	$448K	$600K	20x
Short	Binance STRKUSDT	0.04327	0.0100	get 0.0050% / 4h	1h 47m	$12.2M	$44.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.371%Rate

Funding earned: $31.34
Price spread: −0.371% → −0.172%: −$19.87
Slippage, 4 orders: −$62.75
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.28
Costs to cover: 0.828%
Break-even: 22.9 days

Slippage from Kraken Futures: live order book, 60 min ago; Binance: live order book, 9 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, 60 min ago	10.56 bp	31.1 bp −$31	2397.7 bp −$24.0K	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.17 bp	10.5 bp −$10	37.8 bp −$378	362.1 bp −$36.2K	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	0.04274	−1.596%	$70K	$102K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0049%	1h	0.04343	long leg	$448K	$600K	20x
dYdX STRK-USD	0.0000%	1h	0.04332	−0.255%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.731%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04337	−0.146%	$258K	$442K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04327	−0.387%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04337	−0.146%	$14.3M	$6.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04328	−0.351%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04332	−0.266%	$43K	$69K	5x	as long as short
Binance STRKUSDTshort	+0.0100%	4h	0.04327	−0.371%	$12.2M	$44.6M	75x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04327	−0.376%	$15.1M	$20.3M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04327	−0.376%	$4.7M	$19.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04329	−0.330%	$583K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04329	−0.330%	$11.5M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04332	−0.261%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04329	−0.328%	$3.0M	$3.9M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04327	−0.376%	—	$729K	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04297	−1.072%	$417K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04300	−1.001%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04444	+2.318%	$1K	$874K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04325	−0.415%	$121K	$475K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0219%	1h	0.04339	−0.100%	$28K	$145K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04331	−0.284%	$687K	$777K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0441%	1h	0.04344	+0.015%	$8K	$43K	25x	as long as short