Settings8H · net · $10k
Funding arb · Price arb /

STRK

all STRK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0390%/8h= −42.7% APRpaid last 24h −0.007%
Price spread now: Kraken Futures against BloFin−0.059%57s7-day average +0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs+$24as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1151.150% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.390%+$139 on $10k
Price spread, last 4 days (all we have)−0.268%−$27 · spread now −0.059%, 7d avg +0.125%
Together, before fees+1.122%+$112 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Kraken Futures is 0.185% cheaper against BloFin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.125%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.390%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin STRK-USDT0.043220.0340pay 0.0170% / 4h1h 27m$674K$780K75x
ShortKraken Futures PF_STRKUSD0.04319−0.0050pay 0.0006% / 1h27m 27s$449K$601K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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

Funding earned
−$81.8
Price spread: −0.059% → +0.125%
−$18.45
Slippage, 4 orders
−$93.01
Fee BloFin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$215.26
Costs to cover
1.150%
Break-even
never at this rate
Slippage from BloFin: live order book, 59 min ago; Kraken Futures: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 59 min ago5.92 bp15.2 bp −$1529.1 bp −$291doesn't fitdoesn't fit
Sell Kraken Futures live order book, 16 min ago16.12 bp25.8 bp −$26404.0 bp −$4,040doesn't fitdoesn't fit

STRK on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International STRK-PERP-INTX−0.0992%1h0.04294−0.648%$70K$103K25xas long as short
Kraken Futures PF_STRKUSDshort−0.0050%1h0.04319−0.059%$449K$601K20x
dYdX STRK-USD0.0000%1h0.04322+0.006%$20K$24K5xas long as short
Injective STRK/USDC PERP+0.0033%1h0.05070+17.307%$3K$38K5.5xas long as short
Lighter STRK+0.0096%1h0.04331+0.208%$258K$442K5xas long as short
Paradex STRK-USD-PERP+0.0100%8h0.04322−0.002%$8K$14420xas long as short
Hyperliquid STRK+0.0100%1h0.04329+0.162%$14.3M$6.1M5xas long as short
Aster STRKUSDT+0.0100%4h0.04325+0.062%$33K$229K10xas long as short
Pacifica STRK+0.0100%1h0.04324+0.053%$43K$66K5xas long as short
Binance STRKUSDT+0.0100%4h0.04325+0.062%$12.3M$44.5M75xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit STRKUSDT+0.0100%4h0.04323+0.023%$15.1M$20.3M50xas long as short
OKX STRK-USDT-SWAP+0.0100%4h0.04325+0.069%$4.7M$19.2M50xas long as short
Gate STRK_USDT+0.0100%4h0.04320−0.046%$580K$1.4M50xas long as short
MEXC STRK_USDT+0.0100%4h0.04323+0.023%$11.6M$2.1M100xas long as short
KuCoin STRKUSDTM+0.0100%4h0.04325+0.069%$1.5M$1.8M50xas long as short
Bitget STRKUSDT+0.0100%4h0.04322+0.002%$3.0M$3.8M75xas long as short
BingX STRK-USDT+0.0100%4h0.04323+0.023%$10.1Mas long as short
Backpack STRK_USDC_PERP+0.0100%1h0.043220.000%$29K$144K10xas long as short
Variational Omni STRK+0.0100%4h0.04330+0.179%$425K$1.9Mas long as short
GRVT STRK_USDT_Perp+0.0100%4h0.04329+0.166%$192K$3.5M10xas long as short
SunX STRK-USDT+0.0100%4h0.04421+2.291%$2K$878K20xas long as short
Extended STRK-USD+0.0104%1h0.04321−0.026%$121K$482K10xas long as short
BloFin STRK-USDTlong+0.0340%4h0.04322long leg$674K$780K75x
Deribit STRK_USDC-PERPETUAL+0.0445%1h0.04321−0.023%$8K$43K25xas long as short