STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0232%/8h= +25.4% APRnext payment +$0.29 per $10,000 · paid last 24h −0.011%

Price spread now: Lighter against Kraken Futures+0.205%7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$206as in the Funding arb table

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

costs, in and out, $10k−$1031.031% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−1.024%−$102 on $10k

Price spread, last 4 days (all we have)−2.403%−$240 · spread now +0.205%, 7d avg −0.074%

Together, before fees−3.427%+ Points / potential airdropLighter: Season 3 · farm board−$343 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.279% dearer against Kraken Futures than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.074%. Mind the row above: over the last 7 days funding on this pair cost −1.024%, 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	0.04315	−0.0136	get 0.0017% / 1h	38m 16s	$454K	$531K	20x
Short	Lighter STRK	0.04324	0.0096	get 0.0012% / 1h	38m 16s	$264K	$501K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.205%Rate

Funding earned: $48.78
Price spread: +0.205% → −0.074%: $27.92
Slippage, 4 orders: −$93.11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.42
Costs to cover: 1.031%
Break-even: 10.8 days

Slippage from Kraken Futures: live order book, 20 min ago; Lighter: live order book, 12 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, 20 min ago	20.80 bp	29.9 bp −$30	2647.5 bp −$26.5K	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	8.06 bp	14.6 bp −$15	59.7 bp −$597	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	−0.0976%	1h	0.04290	−0.583%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0136%	1h	0.04315	long leg	$454K	$531K	20x
dYdX STRK-USD	0.0000%	1h	0.04317	+0.047%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.493%	$3K	$38K	5.5x	as long as short
Lighter STRKshort	+0.0096%	1h	0.04324	+0.205%	$264K	$501K	5x
Paradex STRK-USD-PERP	+0.0100%	8h	0.04311	−0.093%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04319	+0.089%	$14.5M	$6.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04318	+0.066%	$33K	$269K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04316	+0.020%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04314	−0.028%	$12.4M	$45.2M	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	0.04310	−0.119%	$15.2M	$20.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04313	−0.050%	$4.7M	$20.1M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04312	−0.073%	$567K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04313	−0.050%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04314	−0.027%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04315	−0.013%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04313	−0.050%	—	$26.1M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04314	−0.027%	$30K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04314	−0.034%	$427K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04325	+0.221%	$186K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04415	+2.314%	$1K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04312	−0.063%	$119K	$659K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0213%	1h	0.04319	+0.089%	$8K	$44K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04316	+0.020%	$755K	$825K	75x	as long as short