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: Variational Omni against Binance−0.034%7-day average −0.013% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.300%+$30 · spread now −0.034%, 7d avg −0.013%

Together, before fees+0.290%+ Points / potential airdropVariational Omni: Active · farm board+$29 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: Variational Omni is 0.021% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SPKUSDT	0.02163	0.0100	pay 0.0050% / 4h	1h 43m	$3.7M	$5.7M	50x
Short	Variational Omni SPK	0.02163	0.0100	get 0.0050% / 4h	1h 43m	$175K	$76K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.013%: −$2.15
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.15
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 min ago; Variational Omni: RFQ quote, 20 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, 10 min ago	2.31 bp	21.3 bp −$21	97.9 bp −$979	18374.0 bp −$1.84M	doesn't fit
Sell Variational Omni RFQ quote, 20 min ago	9.18 bp	doesn't fit	142.3 bp −$1,423	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	−0.0526%	4h	0.02163	−0.017%	$141K	$130K	50x	as long as short
Aster SPKUSDT	−0.0125%	4h	0.02166	+0.122%	$12K	$72K	5x	as long as short
Binance SPKUSDTlong	+0.0100%	4h	0.02163	long leg	$3.7M	$5.7M	50x
Bybit SPKUSDT	+0.0100%	4h	0.02164	+0.030%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02166	+0.122%	$763K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02164	+0.030%	$2.2M	$641K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02170	+0.307%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02165	+0.076%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02163	−0.017%	—	$2.3M	—	as long as short
Variational Omni SPKshort	+0.0100%	4h	0.02163	−0.034%	$175K	$76K	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPK-USDT	+0.0100%	4h	0.02210	+2.156%	$739	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02163	−0.029%	$723	$147K	5x	as long as short
BloFin SPK-USDT	+0.0156%	4h	0.02164	+0.030%	$189K	$31K	50x	as long as short
Kraken Futures PF_SPKUSD	+0.2752%	1h	0.02179	+0.743%	$23K	$28K	10x	as long as short