Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.089%

Price spread now: Kraken Futures against SunX−2.201%7-day average −2.178% · you buy dearer than you sell

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

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.427%+$143 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −2.201%, 7d avg −2.178%

Together, before fees+1.569%+$157 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.024% cheaper against SunX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −2.178%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.427%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX STRK-USDT	0.04431	0.0100	pay 0.0050% / 4h	3h 20m	$1K	$847K	20x
Short	Kraken Futures PF_STRKUSD	0.04333	0.0059	get 0.0007% / 1h	20m 14s	$457K	$570K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now −2.201%Rate

Funding earned: −$8.58
Price spread: −2.201% → −2.178%: −$2.37
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$28.95
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 62 min ago; Kraken Futures: live order book, 33 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 SunX live order book, 62 min ago	251.68 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 33 min ago	18.48 bp	40.7 bp −$41	529.1 bp −$5,291	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	−0.1032%	1h	0.04316	−2.595%	$71K	$101K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04329	−2.297%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04334	−2.189%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.421%	$3K	$38K	5.5x	as long as short
Kraken Futures PF_STRKUSDshort	+0.0059%	1h	0.04333	−2.201%	$457K	$570K	20x
Lighter STRK	+0.0096%	1h	0.04337	−2.121%	$265K	$464K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04330	−2.271%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04336	−2.144%	$14.6M	$6.2M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04329	−2.294%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04330	−2.279%	$43K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04329	−2.305%	$12.4M	$44.5M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04325	−2.392%	$15.2M	$20.0M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04330	−2.279%	$4.7M	$19.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04326	−2.370%	$569K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04328	−2.325%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04329	−2.302%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04330	−2.284%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04330	−2.279%	—	$726K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04327	−2.347%	$30K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04327	−2.353%	$431K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04319	−2.518%	$190K	$3.5M	10x	as long as short
SunX STRK-USDTlong	+0.0100%	4h	0.04431	long leg	$1K	$847K	20x
Extended STRK-USD	+0.0104%	1h	0.04328	−2.317%	$119K	$594K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04324	−2.415%	$729K	$772K	75x	as long as short