Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%

Price spread now: KuCoin against Hyperliquid−0.069%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.433%−$43 on $10k

Price spread, last 7 days−0.078%−$8 · spread now −0.069%, 7d avg −0.136%

Together, before fees−0.511%+ Points / potential airdropHyperliquid: Season 2 · farm board−$51 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: KuCoin is 0.066% dearer against Hyperliquid than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid STRK	0.04332	0.0100	pay 0.0013% / 1h	40m 29s	$14.6M	$6.7M	5x
Short	KuCoin STRKUSDTM	0.04329	0.0100	get 0.0050% / 4h	40m 29s	$1.5M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hyperliquid. 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 HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → −0.136%: $6.65
Slippage, 4 orders: −$71.21
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$85.56
Costs to cover: 0.922%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 2 min ago; KuCoin: live order book, 1 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 Hyperliquid live order book, 2 min ago	1.16 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	3.47 bp	25.1 bp −$25	91.1 bp −$911	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	−0.0976%	1h	0.04290	−0.970%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSD	−0.0136%	1h	0.04320	−0.272%	$451K	$524K	20x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04331	−0.019%	$20K	$24K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	0.0000%	1h	0.04319	−0.300%	$8K	$43K	25x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.036%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04339	+0.162%	$265K	$501K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04327	−0.119%	$8K	$144	20x	as long as short
Hyperliquid STRKlong	+0.0100%	1h	0.04332	long leg	$14.6M	$6.7M	5x
Aster STRKUSDT	+0.0100%	4h	0.04331	−0.023%	$33K	$269K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04330	−0.046%	$43K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04328	−0.089%	$12.4M	$45.3M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04325	−0.162%	$15.2M	$20.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04329	−0.069%	$4.7M	$20.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04323	−0.208%	$568K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04328	−0.092%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTMshort	+0.0100%	4h	0.04329	−0.069%	$1.5M	$1.8M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04328	−0.081%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04326	−0.139%	—	$730K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04318	−0.323%	$30K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04314	−0.422%	$427K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04322	−0.231%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04423	+2.101%	$2K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04325	−0.164%	$119K	$659K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04317	−0.346%	$755K	$823K	75x	as long as short