Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h −0.009%

Price spread now: BloFin against Backpack−0.023%66s7-day average +0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as 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−$600.605% of the position

Long on Backpack Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.609%−$61 on $10k

Price spread, last 3 days (all we have)+2.499%+$250 · spread now −0.023%, 7d avg +0.095%

Together, before fees+1.890%+$189 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.118% cheaper against Backpack than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.095%). If the spread goes back, that is −$12 on $10k: about 16 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.609%, so the current rate has only just turned in your favour. The two prices were read 66 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	0.04389	0.0100	pay 0.0013% / 1h	31m 24s	$25K	$150K	10x
Short	BloFin STRK-USDT	0.04388	0.0125	get 0.0062% / 4h	1h 31m	$754K	$725K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $5.21
Price spread: −0.023% → +0.095%: −$11.8
Slippage, 4 orders: −$38.46
Fee Backpack: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$67.05
Costs to cover: 0.605%
Break-even: 97.2 days

Slippage from Backpack: live order book, 52 min ago; BloFin: live order book, 50 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, 52 min ago	5.65 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 50 min ago	2.26 bp	9.9 bp −$10	28.7 bp −$287	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	−0.0592%	1h	0.04378	−0.251%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04391	+0.055%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.516%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04388	−0.020%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04390	+0.023%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04391	+0.056%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04390	+0.023%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04386	−0.065%	$12.6M	$50.0M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04383	−0.137%	$15.5M	$21.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04387	−0.046%	$4.9M	$23.5M	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	−0.068%	$584K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04386	−0.068%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04386	−0.068%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04387	−0.052%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04387	−0.046%	—	$723K	—	as long as short
Backpack STRK_USDC_PERPlong	+0.0100%	1h	0.04389	long leg	$25K	$150K	10x
Variational Omni STRK	+0.0100%	4h	0.04385	−0.091%	$258K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04386	−0.068%	$194K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04491	+2.324%	$1K	$826K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04385	−0.083%	$121K	$626K	10x	as long as short
BloFin STRK-USDTshort	+0.0125%	4h	0.04388	−0.023%	$754K	$725K	75x
Lighter STRK	+0.0432%	1h	0.04400	+0.251%	$271K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0433%	1h	0.04395	+0.137%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSD	+0.1167%	1h	0.04396	+0.165%	$477K	$496K	20x	as long as short