Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.089%

Price spread now: Kraken Futures against OKX+0.153%7-day average +0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1291.292% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.439%+$144 on $10k

Price spread, last 4 days (all we have)+1.431%+$143 · spread now +0.153%, 7d avg +0.187%

Together, before fees+2.870%+$287 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.034% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.187%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.439%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STRK-USDT-SWAP	0.04330	0.0100	pay 0.0050% / 4h	3h 45m	$4.7M	$19.7M	50x
Short	Kraken Futures PF_STRKUSD	0.04337	0.0059	get 0.0007% / 1h	45m 24s	$460K	$557K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.153%Rate

Funding earned: −$8.59
Price spread: +0.153% → +0.187%: −$3.36
Slippage, 4 orders: −$109.23
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$141.19
Costs to cover: 1.292%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Kraken Futures: live order book, 8 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 OKX live order book, 3 min ago	1.16 bp	17.0 bp −$17	216.3 bp −$2,163	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 8 min ago	18.48 bp	40.7 bp −$41	529.1 bp −$5,291	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	−0.1032%	1h	0.04303	−0.624%	$75K	$98K	25x	as long as short
Gate STRK_USDT	−0.0078%	4h	0.04328	−0.046%	$566K	$1.4M	50x	as long as short
dYdX STRK-USD	0.0000%	1h	0.04326	−0.087%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.090%	$3K	$38K	5.5x	as long as short
Kraken Futures PF_STRKUSDshort	+0.0059%	1h	0.04337	+0.153%	$460K	$557K	20x
Lighter STRK	+0.0096%	1h	0.04332	+0.046%	$264K	$464K	5x	as long as short
Paradex STRK-USD-PERP	+0.0100%	8h	0.04323	−0.153%	$8K	$144	20x	as long as short
Hyperliquid STRK	+0.0100%	1h	0.04329	−0.023%	$14.5M	$6.3M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04328	−0.037%	$33K	$227K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04327	−0.069%	$43K	$69K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance STRKUSDT	+0.0100%	4h	0.04332	+0.046%	$12.4M	$44.5M	75x	as long as short
Bybit STRKUSDT	+0.0100%	4h	0.04326	−0.092%	$15.2M	$20.1M	50x	as long as short
OKX STRK-USDT-SWAPlong	+0.0100%	4h	0.04330	long leg	$4.7M	$19.7M	50x
MEXC STRK_USDT	+0.0100%	4h	0.04329	−0.023%	$12.1M	$1.9M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04330	0.000%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04331	+0.032%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDT	+0.0100%	4h	0.04330	0.000%	—	$9.2M	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04326	−0.092%	$30K	$143K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04321	−0.214%	$429K	$1.9M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04321	−0.215%	$189K	$3.5M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04434	+2.402%	$2K	$845K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04331	+0.029%	$121K	$656K	10x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04322	−0.185%	$748K	$777K	75x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0442%	1h	0.04336	+0.139%	$8K	$44K	25x	as long as short