Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0779%/8h= +85.3% APRpaid last 24h +0.016%

Price spread now: BingX against Kraken Futures−0.164%7-day average −0.197% · you buy dearer than you sell

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$900.899% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.469%−$147 on $10k

Price spread, last 4 days (all we have)−1.490%−$149 · spread now −0.164%, 7d avg −0.197%

Together, before fees−2.959%−$296 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and BingX is 0.033% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.197%. Mind the row above: over the last 7 days funding on this pair cost −1.469%, 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	0.04230	−0.0679	get 0.0085% / 1h	6m 37s	$448K	$459K	20x
Short	BingX STRK-USDT	0.04223	0.0100	get 0.0050% / 4h	1h 06m	—	$9.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.164%Rate

Funding earned: $163.66
Price spread: −0.164% → −0.197%: $3.26
Slippage, 4 orders: −$69.87
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $77.06
Costs to cover: 0.899%
Break-even: 3.7 days

Slippage from Kraken Futures: live order book, 39 min ago; BingX: live order book, 10 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, 39 min ago	5.90 bp	28.9 bp −$29	2708.2 bp −$27.1K	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	3.56 bp	15.4 bp −$15	39.3 bp −$393	235.6 bp −$23.6K	722.7 bp −$361.3K

STRK on 24 exchanges

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	−0.1744%	1h	0.04168	−1.465%	$67K	$70K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0679%	1h	0.04230	long leg	$448K	$459K	20x
Bybit STRKUSDT	−0.0485%	4h	0.04223	−0.164%	$14.3M	$19.2M	50x	as long as short
Variational Omni STRK	−0.0259%	4h	0.04208	−0.509%	$413K	$1.8M	—	as long as short
Backpack STRK_USDC_PERP	+0.0032%	1h	0.04222	−0.188%	$30K	$140K	10x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+19.859%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04228	−0.046%	$247K	$432K	5x	as long as short
Paradex STRK-USD-PERP	+0.0099%	8h	0.04221	−0.211%	$8K	$2K	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04227	−0.070%	$13.7M	$5.4M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04226	−0.091%	$32K	$169K	10x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica STRK	+0.0100%	1h	0.04225	−0.117%	$39K	$71K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04227	−0.070%	$11.9M	$40.1M	75x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04227	−0.070%	$4.4M	$16.8M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04223	−0.164%	$541K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04223	−0.164%	$11.3M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04225	−0.117%	$1.5M	$1.6M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04223	−0.157%	$2.9M	$3.4M	75x	as long as short
BingX STRK-USDTshort	+0.0100%	4h	0.04223	−0.164%	—	$9.5M	—
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04217	−0.306%	$182K	$3.4M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04322	+2.176%	$2K	$890K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04222	−0.195%	$117K	$868K	10x	as long as short
dYdX STRK-USD	+0.0171%	1h	0.04224	−0.144%	$20K	$19	5x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04216	−0.330%	$614K	$696K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0460%	1h	0.04228	−0.046%	$3K	$43K	25x	as long as short