Funding arb · Price arb /

STRK

all STRK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h +0.104%

Price spread now: Kraken Futures against Paradex−0.044%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.044% cheaper against Paradex than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex STRK-USD-PERP	0.04327	0.0100	pay 0.0100% / 8h	4h 39m	$8K	$144	20x
Short	Kraken Futures PF_STRKUSD	0.04325	−0.0136	pay 0.0017% / 1h	39m 58s	$451K	$524K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$49.55
Price spread: −0.044% → 0.000%: −$4.37
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$67.92
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 18 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 18 min ago	20.80 bp	32.8 bp −$33	386.7 bp −$3,867	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0976%	1h	0.04290	−0.852%	$75K	$98K	25x	as long as short
Kraken Futures PF_STRKUSDshort	−0.0136%	1h	0.04325	−0.044%	$451K	$524K	20x
dYdX STRK-USD	0.0000%	1h	0.04331	+0.100%	$20K	$24K	5x	as long as short
Injective STRK/USDC PERP	+0.0033%	1h	0.05070	+17.175%	$3K	$38K	5.5x	as long as short
Lighter STRK	+0.0096%	1h	0.04332	+0.119%	$264K	$501K	5x	as long as short
Paradex STRK-USD-PERPlong	+0.0100%	8h	0.04327	long leg	$8K	$144	20x
Hyperliquid STRK	+0.0100%	1h	0.04325	−0.043%	$14.6M	$6.7M	5x	as long as short
Aster STRKUSDT	+0.0100%	4h	0.04324	−0.071%	$33K	$269K	10x	as long as short
Pacifica STRK	+0.0100%	1h	0.04330	+0.073%	$43K	$69K	5x	as long as short
Binance STRKUSDT	+0.0100%	4h	0.04319	−0.175%	$12.4M	$45.3M	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	0.04316	−0.251%	$15.2M	$20.4M	50x	as long as short
OKX STRK-USDT-SWAP	+0.0100%	4h	0.04321	−0.135%	$4.7M	$20.3M	50x	as long as short
Gate STRK_USDT	+0.0100%	4h	0.04320	−0.158%	$568K	$1.4M	50x	as long as short
MEXC STRK_USDT	+0.0100%	4h	0.04320	−0.158%	$12.1M	$2.0M	100x	as long as short
KuCoin STRKUSDTM	+0.0100%	4h	0.04320	−0.158%	$1.5M	$1.8M	50x	as long as short
Bitget STRKUSDT	+0.0100%	4h	0.04323	−0.091%	$3.1M	$3.7M	75x	as long as short
BingX STRK-USDC	+0.0100%	4h	0.04320	−0.158%	—	$730K	—	as long as short
Backpack STRK_USDC_PERP	+0.0100%	1h	0.04323	−0.089%	$30K	$144K	10x	as long as short
Variational Omni STRK	+0.0100%	4h	0.04314	−0.304%	$427K	$2.0M	—	as long as short
GRVT STRK_USDT_Perp	+0.0100%	4h	0.04322	−0.112%	$187K	$3.6M	10x	as long as short
SunX STRK-USDT	+0.0100%	4h	0.04428	+2.338%	$1K	$839K	20x	as long as short
Extended STRK-USD	+0.0104%	1h	0.04319	−0.184%	$119K	$659K	10x	as long as short
Deribit STRK_USDC-PERPETUAL	+0.0212%	1h	0.04328	+0.027%	$8K	$43K	25x	as long as short
BloFin STRK-USDT	+0.0340%	4h	0.04317	−0.228%	$755K	$823K	75x	as long as short