STRK

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0346%/8h= −37.9% APRnext payment −$0.43 per $10,000 · paid last 24h −0.120%

Price spread now: Backpack against Deribit−0.162%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Backpack is 0.162% cheaper against Deribit than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit STRK_USDC-PERPETUAL	0.04313	0.0446	pay 0.0056% / 1h	58m 13s	$8K	$43K	25x
Short	Backpack STRK_USDC_PERP	0.04306	0.0100	get 0.0013% / 1h	58m 13s	$27K	$143K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Deribit. 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 DeribitbpFee BackpackbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$72.67
Price spread: −0.162% → 0.000%: −$16.23
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$105.9
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Backpack: live order book, 40 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 Deribit no order-book sample	—	—	—	—	—
Sell Backpack live order book, 40 min ago	2.32 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1448%	1h	0.04263	−1.159%	$69K	$86K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0330%	1h	0.04309	−0.083%	$448K	$486K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04308	−0.108%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.552%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04314	+0.023%	$256K	$439K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04312	−0.022%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04311	−0.046%	$14.1M	$5.8M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04309	−0.103%	$33K	$212K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04312	−0.012%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04308	−0.105%	$12.2M	$43.1M	75x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STRKUSDT	+0.0100%	4h	0.04304	−0.209%	$14.9M	$19.6M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04306	−0.162%	$4.6M	$18.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04310	−0.070%	$571K	$1.3M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04308	−0.116%	$11.4M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04311	−0.046%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04309	−0.090%	$3.0M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04308	−0.116%	—	$734K	—	as long as short
Backpack STRK_USDC_PERPshort	+0.0100%	1h	0.04306	−0.162%	$27K	$143K	10x
Variational Omni STRK	+0.0100%	4h	0.04294	−0.442%	$418K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04299	−0.319%	$183K	$3.4M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04411	+2.272%	$2K	$887K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04306	−0.153%	$120K	$878K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04305	−0.185%	$654K	$766K	75x	as long as short
Deribit STRK_USDC-PERPETUALlong	+0.0446%	1h	0.04313	long leg	$8K	$43K	25x