Funding you earn now, next payment 03:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.004%
Price spread now: Backpack against BloFin+0.162%66s7-day average −0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as 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−$650.648% of the position
Funding, last 7 days+0.620%+$62 on $10k
+Price spread, last 4 days (all we have)−8.552%−$855 · spread now +0.162%, 7d avg −0.092%
=The price spread pays, funding is against you. Backpack is 0.254% dearer against BloFin than usual: you sell high and buy low (spread +0.162% now, against its 7-day average of −0.092%): +$25 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.620%, so the current rate has only just turned against you. 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 | BloFin STRK-USDT | 0.04322 | 0.0340 | pay 0.0170% / 4h | 1h 36m | $758K | $829K | 75x |
| Short | Backpack STRK_USDC_PERP | 0.04329 | 0.0100 | get 0.0013% / 1h | 36m 00s | $24K | $137K | 10x |
BloFin STRK-USDT
Backpack STRK_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: +0.162% → −0.092%
- $25.41
- Slippage, 4 orders
- −$42.79
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$89.78
- Costs to cover
- 0.648%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Backpack: live order book, 27 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 BloFin live order book, 6 min ago | 4.64 bp | 14.3 bp −$14 | 32.4 bp −$324 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 27 min ago | 2.31 bp | 19.5 bp −$19 | 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 | 0.04280 | −0.972% | $60K | $86K | 25x | as long as short |
| Kraken Futures PF_STRKUSD | −0.0368% | 1h | 0.04331 | +0.207% | $454K | $529K | 20x | as long as short |
| dYdX STRK-USD | 0.0000% | 1h | 0.04329 | +0.153% | $20K | $24K | 5x | as long as short |
| Injective STRK/USDC PERP | +0.0033% | 1h | 0.05070 | +17.307% | $3K | $38K | 5.5x | as long as short |
| Lighter STRK | +0.0096% | 1h | 0.04338 | +0.370% | $265K | $503K | 5x | as long as short |
| Paradex STRK-USD-PERP | +0.0100% | 8h | 0.04328 | +0.138% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRK | +0.0100% | 1h | 0.04332 | +0.231% | $14.6M | $6.9M | 5x | as long as short |
| Aster STRKUSDT | +0.0100% | 4h | 0.04331 | +0.197% | $33K | $328K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04330 | +0.185% | $43K | $69K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04328 | +0.138% | $12.4M | $46.1M | 75x | as long as short |
Coinbase International STRK-PERP-INTX
Kraken Futures PF_STRKUSD
dYdX STRK-USD
Injective STRK/USDC PERP
Lighter STRK
Paradex STRK-USD-PERP
Hyperliquid STRK
Aster STRKUSDT
Pacifica STRK
Binance STRKUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STRKUSDT | +0.0100% | 4h | 0.04326 | +0.093% | $15.1M | $20.8M | 50x | as long as short |
| OKX STRK-USDT-SWAP | +0.0100% | 4h | 0.04329 | +0.162% | $4.7M | $20.8M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04325 | +0.069% | $582K | $1.3M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04328 | +0.139% | $12.2M | $2.0M | 100x | as long as short |
| KuCoin STRKUSDTM | +0.0100% | 4h | 0.04327 | +0.116% | $1.5M | $1.8M | 50x | as long as short |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04328 | +0.132% | $3.0M | $3.7M | 75x | as long as short |
| BingX STRK-USDT | +0.0100% | 4h | 0.04326 | +0.093% | — | $26.1M | — | as long as short |
| Backpack STRK_USDC_PERPshort | +0.0100% | 1h | 0.04329 | +0.162% | $24K | $137K | 10x | |
| Variational Omni STRK | +0.0100% | 4h | 0.04325 | +0.061% | $389K | $2.1M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04315 | −0.155% | $185K | $3.5M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04429 | +2.476% | $1K | $835K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04328 | +0.137% | $121K | $665K | 10x | as long as short |
| BloFin STRK-USDTlong | +0.0340% | 4h | 0.04322 | long leg | $758K | $829K | 75x | |
| Deribit STRK_USDC-PERPETUAL | +0.0674% | 1h | 0.04334 | +0.278% | $8K | $44K | 25x | as long as short |
Bybit STRKUSDT
OKX STRK-USDT-SWAP
Gate STRK_USDT
MEXC STRK_USDT
KuCoin STRKUSDTM
Bitget STRKUSDT
BingX STRK-USDT
Variational Omni STRK
GRVT STRK_USDT_Perp
SunX STRK-USDT
Extended STRK-USD
Deribit STRK_USDC-PERPETUAL