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: OKX against Binance+0.152%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1111.107% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.170%−$17 · spread now +0.152%, 7d avg +0.003%

Together, before fees−0.170%−$17 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: OKX is 0.150% dearer against Binance than usual: you sell high and buy low, +$15 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	0.02184	0.0100	pay 0.0050% / 4h	2h 27m	$3.8M	$5.7M	50x
Short	OKX SPK-USDT-SWAP	0.02187	0.0100	get 0.0050% / 4h	2h 27m	$771K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → +0.003%: $14.95
Slippage, 4 orders: −$90.74
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$95.78
Costs to cover: 1.107%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; OKX: 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, 11 min ago	2.31 bp	16.8 bp −$17	84.7 bp −$847	18155.6 bp −$1.82M	doesn't fit
Sell OKX live order book, 4 min ago	6.86 bp	32.5 bp −$33	318.2 bp −$3,182	doesn't fit	doesn't fit

SPK on 13 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	−0.0216%	4h	0.02185	+0.061%	$142K	$132K	50x	as long as short
Aster SPKUSDT	+0.0067%	4h	0.02187	+0.152%	$9K	$66K	5x	as long as short
Binance SPKUSDTlong	+0.0100%	4h	0.02184	long leg	$3.8M	$5.7M	50x
Bybit SPKUSDT	+0.0100%	4h	0.02185	+0.061%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAPshort	+0.0100%	4h	0.02187	+0.152%	$771K	$2.1M	20x
MEXC SPK_USDT	+0.0100%	4h	0.02184	+0.015%	$2.2M	$654K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02189	+0.244%	$989K	$414K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02186	+0.107%	$1.3M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02186	+0.107%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02186	+0.091%	$177K	$76K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPK-USDT	+0.0100%	4h	0.02233	+2.259%	$873	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02184	+0.027%	$3K	$146K	5x	as long as short
Kraken Futures PF_SPKUSD	+0.0799%	1h	0.02195	+0.529%	$23K	$28K	10x	as long as short