Funding arb · Price arb /

SPK

all SPK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance+2.254%7-day average +2.138% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.266%−$27 · spread now +2.254%, 7d avg +2.138%

Together, before fees−0.266%−$27 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: SunX is 0.116% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +2.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPKUSDT	0.02161	0.0100	pay 0.0050% / 4h	3h 10m	$3.7M	$5.6M	50x
Short	SunX SPK-USDT	0.02210	0.0100	get 0.0050% / 4h	3h 10m	$931	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.254%Rate

Funding earned: $0
Price spread: +2.254% → +2.138%: $11.59
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$6.41
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 min ago; SunX: live order book, 2 min ago. Net counts fees only.

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	2.32 bp	23.8 bp −$24	100.5 bp −$1,005	18040.0 bp −$1.80M	doesn't fit
Sell SunX live order book, 2 min ago	280.16 bp	doesn't fit	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
Kraken Futures PF_SPKUSD	−0.0584%	1h	0.02173	+0.525%	$23K	$25K	10x	as long as short
Bybit SPKUSDT	−0.0046%	4h	0.02161	−0.013%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	−0.0042%	4h	0.02164	+0.126%	$18K	$77K	5x	as long as short
Binance SPKUSDTlong	+0.0100%	4h	0.02161	long leg	$3.7M	$5.6M	50x
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02162	+0.033%	$761K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02164	+0.126%	$150K	$135K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02162	+0.033%	$2.1M	$643K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02162	+0.033%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02163	+0.079%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02162	+0.015%	$175K	$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-USDTshort	+0.0100%	4h	0.02210	+2.254%	$931	$1.1M	20x
Extended SPK-USD	+0.0104%	1h	0.02161	+0.005%	$4K	$221K	5x	as long as short
BloFin SPK-USDT	+0.0151%	4h	0.02163	+0.079%	$187K	$27K	50x	as long as short
KuCoin SPKUSDTM	+0.0828%	4h	0.02168	+0.311%	$1.1M	$474K	30x	as long as short