Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin−0.244%7-day average −0.127% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$950.947% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 5 days (all we have)+0.339%+$34 · spread now −0.244%, 7d avg −0.127%

Together, before fees+0.408%+ Points / potential airdropExtended: Active · farm board+$41 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: Extended is 0.117% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.127%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRKUSDTM	0.04303	0.0100	pay 0.0050% / 4h	3h 09m	$1.5M	$537K	50x
Short	Extended STRK-USD	0.04292	0.0104	get 0.0013% / 1h	9m 25s	$126K	$974K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.244%Rate

Funding earned: $0.84
Price spread: −0.244% → −0.127%: −$11.69
Slippage, 4 orders: −$77.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$105.53
Costs to cover: 0.947%
Break-even: 886.4 days

Slippage from KuCoin: live order book, 9 min ago; Extended: live order book, 62 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, 9 min ago	3.49 bp	19.2 bp −$19	95.7 bp −$957	doesn't fit	doesn't fit
Sell Extended live order book, 62 min ago	5.83 bp	20.7 bp −$21	112.6 bp −$1,126	doesn't fit	doesn't fit

STRK on 24 exchanges

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	−0.1160%	1h	0.04294	−0.209%	$67K	$43K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0011%	1h	0.04310	+0.152%	$481K	$475K	20x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.04130	−4.020%	$2K	$71K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04304	+0.023%	$251K	$55K	5x	as long as short
BloFin STRK-USDT	+0.0096%	4h	0.04307	+0.093%	$682K	$598K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04296	−0.163%	$35K	$42K	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04298	−0.116%	$13.6M	$2.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04291	−0.271%	$34K	$31K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04299	−0.091%	$40K	$28K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04292	−0.249%	$12.4M	$24.4M	75x	as long as short

Show all 24 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04289	−0.325%	$14.8M	$12.9M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04294	−0.209%	$4.8M	$10.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04299	−0.093%	$596K	$655K	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04294	−0.209%	$11.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTMlong	+0.0100%	4h	0.04303	long leg	$1.5M	$537K	50x
Bitget STRKUSDT	+0.0100%	4h	0.04292	−0.246%	$2.9M	$2.5M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04294	−0.209%	—	$5.2M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04299	−0.093%	$24K	$66K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04296	−0.166%	$461K	$942K	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04304	+0.025%	$182K	$3.4M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04399	+2.231%	$1K	$865K	20x	as long as short
Extended STRK-USDshort	+0.0104%	1h	0.04292	−0.244%	$126K	$974K	10x
dYdX STRK-USD	+0.0117%	1h	0.04303	−0.004%	$20K	$18	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0447%	1h	0.04305	+0.046%	$13K	$43K	25x	as long as short