Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0501%/8h= +54.9% APRpaid last 24h −0.172%

Price spread now: Bitget against Kraken Futures−0.089%7-day average −0.221% · you buy dearer than you sell

Net, funding: paid 7d − costs−$248as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1081.084% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−1.401%−$140 on $10k

Price spread, last 3 days (all we have)−1.033%−$103 · spread now −0.089%, 7d avg −0.221%

Together, before fees−2.434%−$243 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Bitget is 0.132% dearer against Kraken Futures than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.221%. Mind the row above: over the last 7 days funding on this pair cost −1.401%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_STRKUSD	0.04347	−0.0401	get 0.0050% / 1h	35m 47s	$462K	$522K	20x
Short	Bitget STRKUSDT	0.04343	0.0100	get 0.0050% / 4h	3h 35m	$3.0M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.089%Rate

Funding earned: $105.27
Price spread: −0.089% → −0.221%: $13.23
Slippage, 4 orders: −$86.38
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $10.12
Costs to cover: 1.084%
Break-even: 6.3 days

Slippage from Kraken Futures: live order book, 37 min ago; Bitget: live order book, 2 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, 37 min ago	13.67 bp	44.4 bp −$44	2997.6 bp −$30.0K	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.73 bp	21.8 bp −$22	42.0 bp −$420	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	−0.0576%	1h	0.04335	−0.282%	$61K	$94K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0401%	1h	0.04347	long leg	$462K	$522K	20x
dYdX STRK-USD	0.0000%	1h	0.04342	−0.124%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.625%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04338	−0.202%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04343	−0.098%	$14.7M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04342	−0.116%	$33K	$346K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04346	−0.026%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04343	−0.095%	$12.4M	$48.9M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04340	−0.167%	$15.2M	$21.5M	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	0.04345	−0.052%	$4.8M	$22.7M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04338	−0.213%	$578K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04345	−0.052%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04339	−0.190%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDTshort	+0.0100%	4h	0.04343	−0.089%	$3.0M	$4.0M	75x
BingX STRK-USDC	+0.0100%	4h	0.04343	−0.098%	—	$727K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04343	−0.098%	$24K	$147K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04341	−0.148%	$351K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04346	−0.029%	$186K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04445	+2.249%	$1K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04339	−0.199%	$123K	$763K	10x	as long as short
BloFin STRK-USDT	+0.0107%	4h	0.04349	+0.040%	$748K	$718K	75x	as long as short
Lighter STRK	+0.0192%	1h	0.04353	+0.132%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0440%	1h	0.04350	+0.063%	$8K	$44K	25x	as long as short