STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0404%/8h= +44.3% APRnext payment +$0.51 per $10,000 · paid last 24h −0.115%

Price spread now: Hyperliquid against Kraken Futures+0.069%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$890.885% of the position

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−1.085%−$109 on $10k

Price spread, last 3 days (all we have)−1.125%−$113 · spread now +0.069%, 7d avg −0.063%

Together, before fees−2.211%+ Points / potential airdropHyperliquid: Season 2 · farm board−$221 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Hyperliquid is 0.132% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.063%. Mind the row above: over the last 7 days funding on this pair cost −1.085%, 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	−0.0304	get 0.0038% / 1h	1m 33s	$456K	$530K	20x
Short	Hyperliquid STRK	0.04346	0.0100	get 0.0013% / 1h	1m 33s	$14.7M	$7.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.069%Rate

Funding earned: $84.89
Price spread: +0.069% → −0.063%: $13.16
Slippage, 4 orders: −$69.51
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $9.54
Costs to cover: 0.885%
Break-even: 6.2 days

Slippage from Kraken Futures: live order book, 1 min ago; Hyperliquid: live order book, 11 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, 1 min ago	9.21 bp	28.5 bp −$28	2494.2 bp −$24.9K	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.15 bp	13.5 bp −$13	34.5 bp −$345	doesn't fit	doesn't fit

STRK on 23 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	−0.0560%	1h	0.04277	−1.520%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0304%	1h	0.04343	long leg	$456K	$530K	20x
dYdX STRK-USD	0.0000%	1h	0.04344	+0.014%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.739%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04342	−0.023%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04346	+0.069%	$14.7M	$7.1M	5x
Aster STRKUSDT	+0.0100%	4h	0.04344	+0.011%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04345	+0.039%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04341	−0.037%	$12.4M	$46.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04339	−0.092%	$15.1M	$20.9M	50x	as long as short

Show all 23 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04334	−0.208%	$4.7M	$21.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04336	−0.162%	$590K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04338	−0.115%	$12.2M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04342	−0.023%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04336	−0.162%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04338	−0.115%	—	$729K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04342	−0.023%	$24K	$146K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04331	−0.283%	$368K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04334	−0.211%	$191K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04443	+2.302%	$2K	$838K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04335	−0.174%	$120K	$665K	10x	as long as short
Lighter STRK	+0.0176%	1h	0.04351	+0.184%	$265K	$507K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0210%	1h	0.04346	+0.069%	$8K	$44K	25x	as long as short