Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.138%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$900.904% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.101%+$10 on $10k

Price spread, last 7 days+0.155%+$16 · spread now −0.138%, 7d avg −0.065%

Together, before fees+0.257%+$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.073% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRKUSDTM	0.04348	0.0100	pay 0.0050% / 4h	3h 03m	$1.5M	$1.9M	50x
Short	Bybit STRKUSDT	0.04342	0.0100	get 0.0050% / 4h	3h 03m	$15.2M	$21.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.138%Rate

Funding earned: $0
Price spread: −0.138% → −0.065%: −$7.34
Slippage, 4 orders: −$67.41
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$97.75
Costs to cover: 0.904%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bybit: 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 KuCoin live order book, 2 min ago	3.45 bp	29.6 bp −$30	101.7 bp −$1,017	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.15 bp	17.1 bp −$17	56.5 bp −$565	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	−0.0576%	1h	0.04339	−0.207%	$61K	$93K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0400%	1h	0.04358	+0.222%	$465K	$526K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04348	+0.006%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.605%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04344	−0.087%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04352	+0.092%	$14.7M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04354	+0.134%	$33K	$335K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04349	+0.023%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04345	−0.069%	$12.3M	$48.6M	75x	as long as short
Bybit STRKUSDTshort	+0.0100%	4h	0.04342	−0.138%	$15.2M	$21.5M	50x

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	0.04344	−0.092%	$4.8M	$22.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04358	+0.230%	$585K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04346	−0.046%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTMlong	+0.0100%	4h	0.04348	long leg	$1.5M	$1.9M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04347	−0.030%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04350	+0.046%	—	$26.5M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04355	+0.161%	$23K	$147K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04341	−0.168%	$356K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04343	−0.105%	$193K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04451	+2.369%	$1K	$843K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04350	+0.036%	$121K	$663K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04347	−0.023%	$748K	$794K	75x	as long as short
Lighter STRK	+0.0416%	1h	0.04357	+0.207%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0438%	1h	0.04361	+0.299%	$8K	$44K	25x	as long as short