Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.042%

Price spread now: Hyperliquid against KuCoin+0.114%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$920.921% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.449%+$45 on $10k

Price spread, last 7 days+0.102%+$10 · spread now +0.114%, 7d avg +0.139%

Together, before fees+0.552%+ Points / potential airdropHyperliquid: Season 2 · farm board+$55 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: Hyperliquid is 0.025% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRKUSDTM	0.04388	0.0100	pay 0.0050% / 4h	25m 54s	$1.5M	$1.9M	50x
Short	Hyperliquid STRK	0.04393	0.0100	get 0.0013% / 1h	25m 54s	$14.9M	$7.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → +0.139%: −$2.48
Slippage, 4 orders: −$71.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$94.58
Costs to cover: 0.921%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 7 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, 5 min ago	4.55 bp	31.1 bp −$31	107.0 bp −$1,070	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.13 bp	13.5 bp −$14	38.7 bp −$387	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	−0.0584%	1h	0.04383	−0.114%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04392	+0.101%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.542%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04387	−0.033%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04393	+0.114%	$14.9M	$7.5M	5x
Aster STRKUSDT	+0.0100%	4h	0.04389	+0.012%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04392	+0.096%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04386	−0.044%	$12.6M	$49.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04384	−0.091%	$15.5M	$21.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04384	−0.091%	$4.9M	$23.3M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04386	−0.046%	$587K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04386	−0.046%	$12.3M	$2.1M	100x	as long as short
KuCoin STRKUSDTMlong	+0.0100%	4h	0.04388	long leg	$1.5M	$1.9M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04385	−0.077%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04385	−0.068%	—	$26.4M	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04388	0.000%	$354K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04395	+0.160%	$193K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04492	+2.370%	$2K	$834K	20x	as long as short
Backpack STRK_USDC_PERP	+0.0103%	1h	0.04386	−0.046%	$25K	$148K	10x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04384	−0.097%	$121K	$625K	10x	as long as short
BloFin STRK-USDT	+0.0149%	4h	0.04396	+0.182%	$745K	$729K	75x	as long as short
Kraken Futures PF_STRKUSD	+0.0504%	1h	0.04387	−0.012%	$470K	$512K	20x	as long as short
Lighter STRK	+0.0704%	1h	0.04399	+0.251%	$272K	$507K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0890%	1h	0.04392	+0.091%	$2K	$34K	25x	as long as short