SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0324%/8h= +35.5% APRnext payment +$1.62 per $10,000 · paid last 24h +0.103%

Price spread now: KuCoin against Binance+0.369%7-day average +0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs−$473as in the Funding arb table

Net, price: spread back to 7d avg − costs−$465as in the Price arb table

costs, in and out, $10k−$4834.833% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.369%, 7d avg +0.187%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and KuCoin is 0.181% dearer against Binance than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.187%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPKUSDT	0.02146	0.0100	pay 0.0050% / 4h	45m 56s	$3.7M	$5.6M	50x
Short	KuCoin SPKUSDTM	0.02154	0.0424	get 0.0212% / 4h	45m 56s	$1.1M	$475K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.369%Rate

Funding earned: $68.04
Price spread: +0.369% → +0.187%: $18.15
Slippage, 4 orders: −$461.26
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$397.08
Costs to cover: 4.833%
Break-even: 47.9 days

Slippage from Binance: live order book, 7 min ago; KuCoin: live order book, 4 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, 7 min ago	2.32 bp	23.9 bp −$24	96.2 bp −$962	18342.1 bp −$1.83M	doesn't fit
Sell KuCoin live order book, 4 min ago	16.23 bp	79.7 bp −$80	doesn't fit	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	−0.0386%	4h	0.02148	+0.089%	$148K	$136K	50x	as long as short
Aster SPKUSDT	−0.0163%	4h	0.02148	+0.089%	$14K	$75K	5x	as long as short
BloFin SPK-USDT	+0.0056%	4h	0.02144	−0.097%	$186K	$29K	50x	as long as short
Binance SPKUSDTlong	+0.0100%	4h	0.02146	long leg	$3.7M	$5.6M	50x
Bybit SPKUSDT	+0.0100%	4h	0.02147	+0.043%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02144	−0.097%	$753K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02147	+0.043%	$2.1M	$641K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02148	+0.089%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02146	−0.004%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02146	−0.022%	$174K	$76K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPK-USDT	+0.0100%	4h	0.02192	+2.140%	$929	$1.1M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02145	−0.029%	$2K	$140K	5x	as long as short
KuCoin SPKUSDTMshort	+0.0424%	4h	0.02154	+0.369%	$1.1M	$475K	30x
Kraken Futures PF_SPKUSD	+0.2110%	1h	0.02148	+0.094%	$22K	$25K	10x	as long as short