Funding arb · Price arb /

STRK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.042%

Price spread now: Hyperliquid against KuCoin+0.204%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$810.805% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.449%+$45 on $10k

Price spread, last 7 days+0.012%+$1 · spread now +0.204%, 7d avg +0.139%

Together, before fees+0.461%+ Points / potential airdropHyperliquid: Season 2 · farm board+$46 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.066% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STRKUSDTM	0.04401	0.0100	pay 0.0050% / 4h	42m 33s	$1.5M	$1.9M	50x
Short	Hyperliquid STRK	0.04410	0.0100	get 0.0013% / 1h	42m 33s	$15.0M	$7.5M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against KuCoin. 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 KuCoinbpFee HyperliquidbpOrdersPrice spread, now +0.204%Rate

Funding earned: $0
Price spread: +0.204% → +0.139%: $6.58
Slippage, 4 orders: −$59.51
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$73.93
Costs to cover: 0.805%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Hyperliquid: 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 KuCoin live order book, 4 min ago	4.54 bp	27.8 bp −$28	101.3 bp −$1,013	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.13 bp	8.9 bp −$9	30.5 bp −$305	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	−0.0584%	1h	0.04396	−0.114%	$63K	$96K	25x	as long as short
dYdX STRK-USD	+0.0001%	1h	0.04410	+0.203%	$21K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+15.201%	$3K	$38K	5.5x	as long as short
BloFin STRK-USDT	+0.0046%	4h	0.04411	+0.227%	$749K	$720K	75x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04403	+0.043%	$8K	$144	20x	as long as short
Hyperliquid STRKshort	+0.0100%	1h	0.04410	+0.204%	$15.0M	$7.5M	5x
Aster STRKUSDT	+0.0100%	4h	0.04407	+0.147%	$34K	$350K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04411	+0.223%	$44K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04403	+0.044%	$12.6M	$49.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04399	−0.045%	$15.6M	$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	0.04400	−0.023%	$4.9M	$23.4M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04410	+0.204%	$591K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04401	0.000%	$12.4M	$2.1M	100x	as long as short
KuCoin STRKUSDTMlong	+0.0100%	4h	0.04401	long leg	$1.5M	$1.9M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04399	−0.052%	$3.1M	$4.1M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04401	0.000%	—	$26.4M	—	as long as short
Variational Omni STRK	+0.0100%	4h	0.04401	−0.001%	$359K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04403	+0.044%	$188K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04517	+2.636%	$2K	$834K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04400	−0.016%	$122K	$625K	10x	as long as short
Backpack STRK_USDC_PERP	+0.0193%	1h	0.04409	+0.182%	$25K	$148K	10x	as long as short
Kraken Futures PF_STRKUSD	+0.0501%	1h	0.04411	+0.231%	$472K	$512K	20x	as long as short
Lighter STRK	+0.0616%	1h	0.04418	+0.386%	$273K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0883%	1h	0.04418	+0.386%	$2K	$34K	25x	as long as short