Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1068%/8h= −116.9% APRpaid last 24h −0.172%

Price spread now: Bybit against Kraken Futures−0.248%7-day average −0.295% · you buy dearer than you sell

Net, funding: paid 7d − costs−$232as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$940.942% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−1.375%−$137 on $10k

Price spread, last 3 days (all we have)−1.501%−$150 · spread now −0.248%, 7d avg −0.295%

Together, before fees−2.876%−$288 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.047% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.248% now, against its 7-day average of −0.295%): +$5 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_STRKUSD	0.04394	0.1168	pay 0.0146% / 1h	14m 09s	$477K	$494K	20x
Short	Bybit STRKUSDT	0.04383	0.0100	get 0.0050% / 4h	1h 14m	$15.4M	$21.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.248%Rate

Funding earned: −$224.24
Price spread: −0.248% → −0.295%: $4.74
Slippage, 4 orders: −$73.21
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$313.71
Costs to cover: 0.942%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	15.94 bp	36.1 bp −$36	42.1 bp −$421	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.14 bp	13.1 bp −$13	40.8 bp −$408	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	−0.0592%	1h	0.04378	−0.362%	$62K	$96K	25x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04391	−0.057%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.387%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04386	−0.185%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04389	−0.111%	$15.1M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04389	−0.121%	$34K	$361K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04390	−0.086%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04387	−0.157%	$12.6M	$49.9M	75x	as long as short
Bybit STRKUSDTshort	+0.0100%	4h	0.04383	−0.248%	$15.4M	$21.4M	50x
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04385	−0.202%	$4.9M	$23.5M	50x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate STRK_USDT	+0.0100%	4h	0.04389	−0.111%	$584K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04387	−0.157%	$12.2M	$2.1M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04386	−0.180%	$1.5M	$1.9M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04385	−0.191%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04386	−0.180%	—	$722K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04387	−0.157%	$25K	$150K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04381	−0.295%	$258K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04385	−0.204%	$187K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04488	+2.142%	$2K	$828K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04385	−0.211%	$121K	$626K	10x	as long as short
BloFin STRK-USDT	+0.0160%	4h	0.04391	−0.066%	$754K	$724K	75x	as long as short
Lighter STRK	+0.0376%	1h	0.04399	+0.116%	$271K	$540K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0434%	1h	0.04390	−0.089%	$8K	$24K	25x	as long as short
Kraken Futures PF_STRKUSDlong	+0.1168%	1h	0.04394	long leg	$477K	$494K	20x