Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0237%/8h= −25.9% APRpaid last 24h −0.181%

Price spread now: BingX against Kraken Futures−0.371%7-day average −0.216% · you buy dearer than you sell

Net, funding: paid 7d − costs−$278as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1431.429% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.353%−$135 on $10k

Price spread, last 3 days (all we have)−4.784%−$478 · spread now −0.371%, 7d avg −0.216%

Together, before fees−6.137%−$614 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.155% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.216%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_STRKUSD	0.04416	0.0337	pay 0.0042% / 1h	59m 44s	$470K	$490K	20x
Short	BingX STRK-USDC	0.04400	0.0100	get 0.0050% / 4h	1h 59m	—	$724K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.371%Rate

Funding earned: −$49.74
Price spread: −0.371% → −0.216%: −$15.49
Slippage, 4 orders: −$122.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$208.1
Costs to cover: 1.429%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 23 min ago; BingX: live order book, 59 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 Kraken Futures live order book, 23 min ago	38.31 bp	60.4 bp −$60	3404.6 bp −$34.0K	doesn't fit	doesn't fit
Sell BingX live order book, 59 min ago	2.27 bp	17.3 bp −$17	37.2 bp −$372	264.3 bp −$26.4K	658.9 bp −$329.4K

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	−0.0352%	1h	0.04397	−0.439%	$63K	$95K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04406	−0.240%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+14.800%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0089%	4h	0.04407	−0.212%	$774K	$729K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04400	−0.364%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04407	−0.212%	$15.2M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04401	−0.345%	$34K	$363K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04405	−0.269%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04400	−0.371%	$12.7M	$50.2M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04397	−0.439%	$15.6M	$21.4M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04397	−0.439%	$4.9M	$23.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04400	−0.371%	$589K	$1.5M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04402	−0.326%	$12.2M	$2.3M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04398	−0.416%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04402	−0.319%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDCshort	+0.0100%	4h	0.04400	−0.371%	—	$724K	—
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04400	−0.371%	$25K	$152K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04404	−0.274%	$258K	$1.8M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04388	−0.643%	$190K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04505	+2.007%	$2K	$821K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04398	−0.417%	$122K	$626K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0204%	1h	0.04405	−0.258%	$8K	$24K	25x	as long as short
Lighter STRK	+0.0264%	1h	0.04411	−0.122%	$272K	$540K	5x	as long as short
Kraken Futures PF_STRKUSDlong	+0.0337%	1h	0.04416	long leg	$470K	$490K	20x