Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.029%

Price spread now: SunX against Backpack+2.465%7-day average +2.390% · you sell dearer than you buy

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

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.681%−$68 on $10k

Price spread, last 3 days (all we have)+0.582%+$58 · spread now +2.465%, 7d avg +2.390%

Together, before fees−0.099%−$10 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: SunX is 0.075% dearer against Backpack than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +2.390%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack STRK_USDC_PERP	0.04341	0.0100	pay 0.0013% / 1h	10m 05s	$23K	$147K	10x
Short	SunX STRK-USDT	0.04448	0.0100	get 0.0050% / 4h	3h 10m	$1K	$843K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.465%Rate

Funding earned: $0
Price spread: +2.465% → +2.390%: $7.52
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$10.48
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 63 min ago; SunX: live order book, 42 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 Backpack live order book, 63 min ago	3.42 bp	22.6 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 42 min ago	330.93 bp	doesn't fit	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	−0.0576%	1h	0.04339	−0.046%	$61K	$93K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0402%	1h	0.04344	+0.064%	$463K	$526K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04346	+0.111%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.793%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04345	+0.082%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04347	+0.138%	$14.7M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04347	+0.147%	$33K	$335K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04348	+0.168%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04342	+0.016%	$12.3M	$48.6M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04339	−0.046%	$15.2M	$21.5M	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	0.04341	0.000%	$4.8M	$22.5M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04340	−0.023%	$581K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04342	+0.023%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04343	+0.046%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04342	+0.030%	$3.1M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04341	0.000%	—	$728K	—	as long as short
Backpack STRK_USDC_PERPlong	+0.0100%	1h	0.04341	long leg	$23K	$147K	10x
Variational Omni STRK	+0.0100%	4h	0.04330	−0.247%	$351K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04329	−0.278%	$189K	$3.5M	10x	as long as short
SunX STRK-USDTshort	+0.0100%	4h	0.04448	+2.465%	$1K	$843K	20x
Extended STRK-USD	+0.0104%	1h	0.04342	+0.012%	$120K	$663K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04331	−0.230%	$742K	$781K	75x	as long as short
Lighter STRK	+0.0432%	1h	0.04353	+0.276%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0901%	1h	0.04350	+0.207%	$8K	$44K	25x	as long as short