Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0389%/8h= +42.6% APRpaid last 24h +0.007%

Price spread now: BloFin against Kraken Futures−0.124%57s7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1061.060% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−1.390%−$139 on $10k

Price spread, last 4 days (all we have)+0.452%+$45 · spread now −0.124%, 7d avg −0.125%

Together, before fees−0.938%−$94 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.125%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −1.390%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_STRKUSD	0.04328	−0.0049	get 0.0006% / 1h	16m 10s	$449K	$601K	20x
Short	BloFin STRK-USDT	0.04323	0.0340	get 0.0170% / 4h	1h 16m	$673K	$781K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.124%Rate

Funding earned: $81.78
Price spread: −0.124% → −0.125%: $0.09
Slippage, 4 orders: −$83.97
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$24.1
Costs to cover: 1.060%
Break-even: 9.1 days

Slippage from Kraken Futures: live order book, 27 min ago; BloFin: live order book, 5 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, 27 min ago	16.12 bp	57.5 bp −$57	3144.4 bp −$31.4K	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	2.31 bp	11.9 bp −$12	30.0 bp −$300	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	−0.794%	$70K	$89K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0049%	1h	0.04328	long leg	$449K	$601K	20x
dYdX STRK-USD	0.0000%	1h	0.04327	−0.037%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.134%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04333	+0.107%	$257K	$444K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04325	−0.070%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04331	+0.061%	$14.3M	$6.1M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04328	−0.015%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04329	+0.012%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04326	−0.055%	$12.3M	$44.3M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04324	−0.101%	$15.1M	$20.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04325	−0.078%	$4.7M	$19.1M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04322	−0.147%	$579K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04326	−0.055%	$11.6M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04328	−0.009%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04328	−0.006%	$3.0M	$3.8M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04325	−0.078%	—	$10.1M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04326	−0.055%	$29K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04321	−0.176%	$426K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04324	−0.101%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04427	+2.279%	$2K	$880K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04324	−0.095%	$120K	$436K	10x	as long as short
BloFin STRK-USDTshort	+0.0340%	4h	0.04323	−0.124%	$673K	$781K	75x
Deribit STRK_USDC-PERPETUAL	+0.0443%	1h	0.04330	+0.038%	$8K	$43K	25x	as long as short