Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0389%/8h= +42.6% APRpaid last 24h +0.007%

Price spread now: BloFin against Kraken Futures+0.010%57s7-day average −0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1061.060% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−1.390%−$139 on $10k

Price spread, last 4 days (all we have)+0.318%+$32 · spread now +0.010%, 7d avg −0.125%

Together, before fees−1.072%−$107 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and BloFin is 0.135% dearer against Kraken Futures than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.125%. Mind the row above: over the last 7 days funding on this pair cost −1.390%, so the current rate has only just turned in your favour. The two prices were read 57 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	Kraken Futures PF_STRKUSD	0.04322	−0.0049	get 0.0006% / 1h	11m 29s	$449K	$599K	20x
Short	BloFin STRK-USDT	0.04322	0.0340	get 0.0170% / 4h	1h 11m	$672K	$780K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.010%Rate

Funding earned: $81.79
Price spread: +0.010% → −0.125%: $13.5
Slippage, 4 orders: −$83.97
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.67
Costs to cover: 1.060%
Break-even: 7.9 days

Slippage from Kraken Futures: live order book, 31 min ago; BloFin: live order book, 10 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, 31 min ago	16.12 bp	57.5 bp −$57	3144.4 bp −$31.4K	doesn't fit	doesn't fit
Sell BloFin live order book, 10 min ago	2.31 bp	11.9 bp −$12	30.0 bp −$300	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	−0.0992%	1h	0.04294	−0.638%	$70K	$89K	25x	as long as short
Kraken Futures PF_STRKUSDlong	−0.0049%	1h	0.04322	long leg	$449K	$599K	20x
dYdX STRK-USD	0.0000%	1h	0.04320	−0.046%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.319%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04322	+0.010%	$257K	$444K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04314	−0.181%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04320	−0.036%	$14.3M	$6.1M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04316	−0.129%	$33K	$229K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04318	−0.092%	$43K	$65K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04315	−0.152%	$12.3M	$44.2M	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	0.04313	−0.198%	$15.1M	$20.2M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04314	−0.175%	$4.6M	$19.0M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04320	−0.036%	$578K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04315	−0.152%	$11.5M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04316	−0.129%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04314	−0.175%	$3.0M	$3.8M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04313	−0.198%	—	$732K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04318	−0.083%	$29K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04323	+0.027%	$426K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04322	+0.016%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04421	+2.301%	$2K	$880K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04313	−0.192%	$120K	$436K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0213%	1h	0.04322	+0.010%	$8K	$43K	25x	as long as short
BloFin STRK-USDTshort	+0.0340%	4h	0.04322	+0.010%	$672K	$780K	75x