Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance+0.054%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1021.018% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.054%, 7d avg +0.003%

Together, before fees−0.054%−$5 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: BingX is 0.052% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPKUSDT	0.02153	0.0100	pay 0.0050% / 4h	52m 48s	$3.7M	$5.7M	50x
Short	BingX SPK-USDT	0.02154	0.0100	get 0.0050% / 4h	52m 48s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.054%Rate

Funding earned: $0
Price spread: +0.054% → +0.003%: $5.16
Slippage, 4 orders: −$81.75
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$96.6
Costs to cover: 1.018%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; BingX: live order book, 11 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 Binance live order book, 15 min ago	2.32 bp	23.5 bp −$24	102.2 bp −$1,022	17943.4 bp −$1.79M	doesn't fit
Sell BingX live order book, 11 min ago	7.00 bp	29.5 bp −$30	80.8 bp −$808	doesn't fit	doesn't fit

SPK on 14 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
Gate SPK_USDT	−0.0364%	4h	0.02156	+0.147%	$148K	$136K	50x	as long as short
Aster SPKUSDT	−0.0135%	4h	0.02156	+0.152%	$13K	$74K	5x	as long as short
Binance SPKUSDTlong	+0.0100%	4h	0.02153	long leg	$3.7M	$5.7M	50x
Bybit SPKUSDT	+0.0100%	4h	0.02152	−0.039%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02152	−0.039%	$759K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02153	+0.008%	$2.1M	$636K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02154	+0.054%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDTshort	+0.0100%	4h	0.02154	+0.054%	—	$2.3M	—
Variational Omni SPK	+0.0100%	4h	0.02158	+0.224%	$174K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02204	+2.377%	$1K	$1.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SPK-USD	+0.0104%	1h	0.02154	+0.075%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0142%	4h	0.02154	+0.054%	$187K	$29K	50x	as long as short
KuCoin SPKUSDTM	+0.0410%	4h	0.02163	+0.472%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2102%	1h	0.02156	+0.146%	$22K	$25K	10x	as long as short