Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0310%/8hpaid last 24h +0.211%

Price spread now: Kraken Futures against KuCoin+0.076%52s7-day average +0.183% · you sell dearer than you buy

Net, funding: paid 7d − costs+$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1151.155% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.480%+$148 on $10k

Price spread, last 3 days (all we have)+1.054%+$105 · spread now +0.076%, 7d avg +0.183%

Together, before fees+2.534%+$253 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.107% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.183%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.480%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRKUSDTM	0.04419	0.0100	pay 0.0050% / 4h	21m 27s	$1.5M	$2.0M	50x
Short	Kraken Futures PF_STRKUSD	0.04422	−0.0210	pay 0.0026% / 1h	21m 27s	$474K	$504K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$65.03
Price spread: +0.076% → +0.183%: −$10.69
Slippage, 4 orders: −$93.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$191.18
Costs to cover: 1.155%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Kraken Futures: live order book, 11 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	7.92 bp	31.3 bp −$31	108.1 bp −$1,081	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 11 min ago	18.09 bp	34.6 bp −$35	457.6 bp −$4,576	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	−0.0840%	1h	0.04446	+0.611%	$40K	$61K	25x	as long as short
Kraken Futures PF_STRKUSDshort	−0.0210%	1h	0.04422	+0.076%	$474K	$504K	20x
dYdX STRK-USD	0.0000%	1h	0.04425	+0.126%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.732%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0095%	4h	0.04423	+0.091%	$762K	$747K	75x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04426	+0.158%	$15.3M	$7.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04423	+0.099%	$35K	$386K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04424	+0.111%	$42K	$49K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04421	+0.049%	$12.7M	$52.8M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04419	0.000%	$15.5M	$20.9M	50x	as long as short

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	0.04417	−0.045%	$4.9M	$25.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04420	+0.023%	$608K	$1.6M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04421	+0.045%	$11.8M	$2.4M	100x	as long as short
KuCoin STRKUSDTMlong	+0.0100%	4h	0.04419	long leg	$1.5M	$2.0M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04419	−0.002%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04418	−0.023%	—	$30.4M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04418	−0.023%	$25K	$162K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04417	−0.034%	$256K	$999K	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04420	+0.023%	$191K	$3.3M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04524	+2.376%	$1K	$798K	20x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04419	−0.003%	$8K	$144	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04422	+0.074%	$121K	$664K	10x	as long as short
Lighter STRK	+0.0296%	1h	0.04428	+0.204%	$272K	$629K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0654%	1h	0.04427	+0.181%	$8K	$34K	25x	as long as short