Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Bitget against Binance+0.094%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$840.839% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.094%, 7d avg +0.023%

Together, before fees−0.077%−$8 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: Bitget is 0.071% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPKUSDT	0.02129	0.0100	pay 0.0050% / 4h	10m 59s	$3.8M	$5.5M	50x
Short	Bitget SPKUSDT	0.02131	0.0100	get 0.0050% / 4h	10m 59s	$1.3M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.023%: $7.09
Slippage, 4 orders: −$61.91
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$76.82
Costs to cover: 0.839%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Bitget: live order book, 6 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, 12 min ago	2.35 bp	16.3 bp −$16	84.5 bp −$845	17413.2 bp −$1.74M	doesn't fit
Sell Bitget live order book, 6 min ago	7.03 bp	19.7 bp −$20	73.0 bp −$730	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
Aster SPKUSDT	+0.0012%	4h	0.02129	0.000%	$10K	$64K	5x	as long as short
Gate SPK_USDT	+0.0020%	4h	0.02131	+0.094%	$143K	$134K	50x	as long as short
BloFin SPK-USDT	+0.0061%	4h	0.02130	+0.047%	$189K	$33K	50x	as long as short
Binance SPKUSDTlong	+0.0100%	4h	0.02129	long leg	$3.8M	$5.5M	50x
Bybit SPKUSDT	+0.0100%	4h	0.02130	+0.028%	$1.8M	$2.1M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02130	+0.047%	$754K	$1.9M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02129	0.000%	$2.1M	$654K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02133	+0.188%	$922K	$415K	30x	as long as short
Bitget SPKUSDTshort	+0.0100%	4h	0.02131	+0.094%	$1.3M	$1.4M	50x
BingX SPK-USDT	+0.0100%	4h	0.02130	+0.047%	—	$2.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPK	+0.0100%	4h	0.02129	−0.014%	$158K	$62K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02173	+2.067%	$848	$1.1M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02129	−0.020%	$3K	$146K	5x	as long as short
Kraken Futures PF_SPKUSD	+0.1371%	1h	0.02136	+0.347%	$23K	$29K	10x	as long as short