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: Kraken Futures against KuCoin+0.048%52s7-day average +0.181% · you sell dearer than you buy

Net, funding: paid 7d − costs+$21as 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−$1301.304% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.513%+$151 on $10k

Price spread, last 3 days (all we have)+1.240%+$124 · spread now +0.048%, 7d avg +0.181%

Together, before fees+2.754%+$275 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Kraken Futures is 0.134% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.181%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.513%, so the current rate has only just turned against you. The two prices were read 52 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	KuCoin STRKUSDTM	0.04348	0.0100	pay 0.0050% / 4h	3h 24m	$1.5M	$1.9M	50x
Short	Kraken Futures PF_STRKUSD	0.04350	−0.0401	pay 0.0050% / 1h	24m 28s	$462K	$523K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$105.22
Price spread: +0.048% → +0.181%: −$13.38
Slippage, 4 orders: −$108.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$249.03
Costs to cover: 1.304%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Kraken Futures: live order book, 48 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, 2 min ago	3.45 bp	30.1 bp −$30	98.7 bp −$987	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 48 min ago	13.67 bp	30.5 bp −$31	407.8 bp −$4,078	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	0.04327	−0.483%	$61K	$94K	25x	as long as short
Kraken Futures PF_STRKUSDshort	−0.0401%	1h	0.04350	+0.048%	$462K	$523K	20x
dYdX STRK-USD	0.0000%	1h	0.04351	+0.063%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+16.605%	$3K	$38K	5.5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04345	−0.061%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04349	+0.023%	$14.8M	$7.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04348	−0.010%	$33K	$346K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04349	+0.011%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04345	−0.069%	$12.4M	$48.7M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04342	−0.138%	$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	0.04346	−0.046%	$4.8M	$22.6M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04346	−0.046%	$579K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04346	−0.046%	$12.3M	$2.2M	100x	as long as short
KuCoin STRKUSDTMlong	+0.0100%	4h	0.04348	long leg	$1.5M	$1.9M	50x
Bitget STRKUSDT	+0.0100%	4h	0.04346	−0.044%	$3.0M	$4.0M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04344	−0.092%	—	$729K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04349	+0.023%	$24K	$147K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04343	−0.120%	$350K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04344	−0.100%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04449	+2.323%	$2K	$840K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04345	−0.080%	$123K	$659K	10x	as long as short
BloFin STRK-USDT	+0.0118%	4h	0.04348	0.000%	$745K	$717K	75x	as long as short
Lighter STRK	+0.0312%	1h	0.04358	+0.230%	$265K	$506K	5x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.1130%	1h	0.04353	+0.115%	$8K	$44K	25x	as long as short