Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h −0.132%

Price spread now: SunX against Kraken Futures+2.231%7-day average +2.175% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.411%−$141 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now +2.231%, 7d avg +2.175%

Together, before fees−1.334%−$133 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 SunX is 0.056% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +2.175%. Mind the row above: over the last 7 days funding on this pair cost −1.411%, 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	0.04313	−0.0370	get 0.0046% / 1h	28m 24s	$453K	$530K	20x
Short	SunX STRK-USDT	0.04409	0.0100	get 0.0050% / 4h	1h 28m	$1K	$833K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.231%Rate

Funding earned: $98.68
Price spread: +2.231% → +2.175%: $5.56
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $86.24
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: Kraken Futures: live order book, 35 min ago; SunX: live order book, 4 min ago. Net counts fees only.

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, 35 min ago	9.21 bp	28.5 bp −$28	2494.2 bp −$24.9K	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	258.67 bp	doesn't fit	doesn't fit	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	0.04280	−0.761%	$60K	$86K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0370%	1h	0.04313	long leg	$453K	$530K	20x
dYdX STRK-USD	0.0000%	1h	0.04312	−0.015%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.557%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04321	+0.190%	$264K	$503K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04311	−0.051%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04316	+0.074%	$14.6M	$6.9M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04313	+0.009%	$33K	$328K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04310	−0.065%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04310	−0.068%	$12.3M	$45.9M	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	0.04307	−0.134%	$15.0M	$20.7M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04309	−0.088%	$4.7M	$20.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04309	−0.088%	$583K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04309	−0.088%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04311	−0.042%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04309	−0.095%	$3.0M	$3.8M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04309	−0.088%	—	$26.1M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04312	−0.019%	$24K	$137K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04313	−0.004%	$389K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04320	+0.160%	$188K	$3.5M	10x	as long as short
SunX STRK-USDTshort	+0.0100%	4h	0.04409	+2.231%	$1K	$833K	20x
Extended STRK-USD	+0.0104%	1h	0.04307	−0.128%	$121K	$665K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0214%	1h	0.04313	+0.005%	$8K	$44K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04308	−0.111%	$750K	$831K	75x	as long as short