Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.031%
Price spread now: Backpack against Injective−15.503%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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
Funding pays, the price is against you. Backpack is 15.503% cheaper against Injective than usual: you would sell low and buy high (spread −15.503% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$1,550 on $10k: about years of funding at the current rate (+$2 a day). The two prices were read 72 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 | Injective STRK/USDC PERP | 0.05070 | 0.0033 | pay 0.0004% / 1h | 9m 52s | $3K | $38K | 5.5x |
| Short | Backpack STRK_USDC_PERP | 0.04284 | 0.0100 | get 0.0013% / 1h | 9m 52s | $30K | $143K | 10x |
Injective STRK/USDC PERP
Backpack STRK_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Injective. 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
- $14
- Price spread: −15.503% → 0.000%
- −$1,550.3
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$1,546.32
- Costs to cover
- 0.100%
- Break-even
- 780.2 days
Slippage unknown: Injective: no order-book sample; Backpack: live order book, 43 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 Injective no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 43 min ago | 2.31 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 | −0.1032% | 1h | 0.04278 | −15.621% | $70K | $100K | 25x | as long as short |
| dYdX STRK-USD | 0.0000% | 1h | 0.04291 | −15.361% | $20K | $24K | 5x | as long as short |
| Injective STRK/USDC PERPlong | +0.0033% | 1h | 0.05070 | long leg | $3K | $38K | 5.5x | |
| Kraken Futures PF_STRKUSD | +0.0060% | 1h | 0.04288 | −15.419% | $451K | $573K | 20x | as long as short |
| Lighter STRK | +0.0096% | 1h | 0.04292 | −15.345% | $262K | $465K | 5x | as long as short |
| Paradex STRK-USD-PERP | +0.0100% | 8h | 0.04284 | −15.499% | $8K | $144 | 20x | as long as short |
| Hyperliquid STRK | +0.0100% | 1h | 0.04286 | −15.464% | $14.4M | $6.3M | 5x | as long as short |
| Aster STRKUSDT | +0.0100% | 4h | 0.04286 | −15.461% | $33K | $229K | 10x | as long as short |
| Pacifica STRK | +0.0100% | 1h | 0.04289 | −15.404% | $43K | $69K | 5x | as long as short |
| Binance STRKUSDT | +0.0100% | 4h | 0.04285 | −15.483% | $12.3M | $44.4M | 75x | as long as short |
Coinbase International STRK-PERP-INTX
dYdX STRK-USD
Kraken Futures PF_STRKUSD
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 | 0.04282 | −15.542% | $15.1M | $20.0M | 50x | as long as short |
| OKX STRK-USDT-SWAP | +0.0100% | 4h | 0.04283 | −15.523% | $4.7M | $19.4M | 50x | as long as short |
| Gate STRK_USDT | +0.0100% | 4h | 0.04282 | −15.542% | $564K | $1.4M | 50x | as long as short |
| MEXC STRK_USDT | +0.0100% | 4h | 0.04285 | −15.483% | $12.0M | $2.0M | 100x | as long as short |
| KuCoin STRKUSDTM | +0.0100% | 4h | 0.04282 | −15.542% | $1.5M | $1.8M | 50x | as long as short |
| Bitget STRKUSDT | +0.0100% | 4h | 0.04281 | −15.560% | $3.0M | $3.8M | 75x | as long as short |
| BingX STRK-USDT | +0.0100% | 4h | 0.04285 | −15.483% | — | $9.3M | — | as long as short |
| Backpack STRK_USDC_PERPshort | +0.0100% | 1h | 0.04284 | −15.503% | $30K | $143K | 10x | |
| Variational Omni STRK | +0.0100% | 4h | 0.04288 | −15.430% | $427K | $1.9M | — | as long as short |
| GRVT STRK_USDT_Perp | +0.0100% | 4h | 0.04304 | −15.117% | $188K | $3.5M | 10x | as long as short |
| SunX STRK-USDT | +0.0100% | 4h | 0.04388 | −13.452% | $2K | $848K | 20x | as long as short |
| Extended STRK-USD | +0.0104% | 1h | 0.04282 | −15.536% | $119K | $501K | 10x | as long as short |
| Deribit STRK_USDC-PERPETUAL | +0.0217% | 1h | 0.04286 | −15.464% | $8K | $43K | 25x | as long as short |
| BloFin STRK-USDT | +0.0340% | 4h | 0.04292 | −15.345% | $727K | $772K | 75x | 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
BloFin STRK-USDT