Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: Aster against Backpack−0.094%45s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$1051.047% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.664%−$66 on $10k

Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.094%, 7d avg −0.039%

Together, before fees−0.450%+ Points / potential airdropAster: Stage 5 · farm board−$45 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: Aster is 0.055% cheaper against Backpack than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 45 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	Backpack STRK_USDC_PERP	0.04365	0.0100	pay 0.0013% / 1h	15m 23s	$25K	$137K	10x
Short	Aster STRKUSDT	0.04361	0.0100	get 0.0050% / 4h	1h 15m	$33K	$328K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now −0.094%Rate

Funding earned: $0
Price spread: −0.094% → −0.039%: −$5.48
Slippage, 4 orders: −$86.69
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$110.17
Costs to cover: 1.047%
Break-even: never at this rate

Slippage from Backpack: live order book, 48 min ago; Aster: live order book, 47 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 Backpack live order book, 48 min ago	2.31 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 47 min ago	13.81 bp	26.5 bp −$27	doesn't fit	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	−0.0952%	1h	0.04350	−0.344%	$76K	$100K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0366%	1h	0.04360	−0.107%	$459K	$532K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04360	−0.112%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.151%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04357	−0.177%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04360	−0.115%	$14.7M	$6.9M	5x	as long as short
Aster STRKUSDTshort	+0.0100%	4h	0.04361	−0.094%	$33K	$328K	10x
Pacifica STRK	+0.0100%	1h	0.04360	−0.108%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04359	−0.147%	$12.5M	$46.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04356	−0.206%	$15.3M	$20.7M	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	0.04358	−0.160%	$4.7M	$20.9M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04356	−0.206%	$588K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04360	−0.115%	$12.3M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04360	−0.115%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04360	−0.126%	$3.1M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04358	−0.160%	—	$729K	—	as long as short
Backpack STRK_USDC_PERPlong	+0.0100%	1h	0.04365	long leg	$25K	$137K	10x
Variational Omni STRK	+0.0100%	4h	0.04366	+0.015%	$422K	$2.1M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04379	+0.332%	$190K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04460	+2.176%	$1K	$837K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04357	−0.175%	$122K	$665K	10x	as long as short
Lighter STRK	+0.0120%	1h	0.04369	+0.092%	$267K	$505K	5x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04382	+0.389%	$761K	$851K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0668%	1h	0.04363	−0.046%	$8K	$44K	25x	as long as short