SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against Binance−0.822%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.583%+$58 · spread now −0.822%, 7d avg −0.006%

Together, before fees+0.581%+$58 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.815% cheaper against Binance than usual: you would sell low and buy high (spread −0.822% now, against its 7-day average of −0.006%). If the spread goes back, that is −$82 on $10k: about 7 months of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPKUSDT	0.02164	0.0100	pay 0.0050% / 4h	3h 22m	$3.8M	$5.7M	50x
Short	BloFin SPK-USDT	0.02146	0.0112	get 0.0056% / 4h	3h 22m	$185K	$21K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.822%Rate

Funding earned: $2.59
Price spread: −0.822% → −0.006%: −$81.54
Slippage, 4 orders: −$70.15
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$171.1
Costs to cover: 0.922%
Break-even: 469.3 days

Slippage from Binance: live order book, 15 min ago; BloFin: live order book, 42 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	21.9 bp −$22	94.1 bp −$941	17667.8 bp −$1.77M	doesn't fit
Sell BloFin live order book, 42 min ago	2.30 bp	11.0 bp −$11	44.0 bp −$440	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	−0.0296%	4h	0.02164	+0.010%	$145K	$146K	50x	as long as short
Bybit SPKUSDT	−0.0213%	4h	0.02164	+0.010%	$1.8M	$2.3M	25x	as long as short
Aster SPKUSDT	+0.0060%	4h	0.02164	+0.010%	$19K	$81K	5x	as long as short
Binance SPKUSDTlong	+0.0100%	4h	0.02164	long leg	$3.8M	$5.7M	50x
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02166	+0.103%	$738K	$2.1M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02164	+0.010%	$2.0M	$660K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02163	−0.036%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02163	−0.036%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02144	−0.910%	$169K	$67K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02210	+2.136%	$948	$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	0.02164	−0.009%	$2K	$199K	5x	as long as short
BloFin SPK-USDTshort	+0.0112%	4h	0.02146	−0.822%	$185K	$21K	50x
KuCoin SPKUSDTM	+0.0570%	4h	0.02172	+0.380%	$1.1M	$451K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.6031%	1h	0.02184	+0.951%	$23K	$25K	10x	as long as short