Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0467%/8h= +51.2% APRpaid last 24h −0.132%

Price spread now: Gate against Kraken Futures−0.144%7-day average −0.227% · you buy dearer than you sell

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1441.435% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.441%−$144 on $10k

Price spread, last 4 days (all we have)−4.909%−$491 · spread now −0.144%, 7d avg −0.227%

Together, before fees−6.350%−$635 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Gate is 0.084% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.227%. Mind the row above: over the last 7 days funding on this pair cost −1.441%, 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	0.04344	−0.0367	get 0.0046% / 1h	7m 40s	$453K	$537K	20x
Short	Gate STRK_USDT	0.04338	0.0100	get 0.0050% / 4h	1h 07m	$578K	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.144%Rate

Funding earned: $98.12
Price spread: −0.144% → −0.227%: $8.35
Slippage, 4 orders: −$118.54
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$37.07
Costs to cover: 1.435%
Break-even: 9.6 days

Slippage from Kraken Futures: live order book, 55 min ago; Gate: 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, 55 min ago	9.21 bp	28.5 bp −$28	2494.2 bp −$24.9K	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.43 bp	49.8 bp −$50	390.4 bp −$3,904	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	−0.0952%	1h	0.04328	−0.374%	$75K	$100K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0367%	1h	0.04344	long leg	$453K	$537K	20x
dYdX STRK-USD	0.0000%	1h	0.04341	−0.071%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.706%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04339	−0.123%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04343	−0.028%	$14.6M	$6.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04341	−0.075%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04342	−0.056%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04339	−0.131%	$12.4M	$46.1M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04335	−0.213%	$15.2M	$20.7M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04338	−0.144%	$4.7M	$20.8M	50x	as long as short
Gate STRK_USDTshort	+0.0100%	4h	0.04338	−0.144%	$578K	$1.4M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04337	−0.167%	$12.2M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04340	−0.097%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04338	−0.144%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04338	−0.144%	—	$729K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04340	−0.097%	$24K	$138K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04343	−0.036%	$432K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04356	+0.268%	$185K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04438	+2.158%	$2K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04338	−0.150%	$122K	$665K	10x	as long as short
Lighter STRK	+0.0152%	1h	0.04351	+0.156%	$265K	$505K	5x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04338	−0.144%	$752K	$840K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0671%	1h	0.04348	+0.087%	$8K	$44K	25x	as long as short