Funding arb · Price arb /

SPK

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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: Binance against BingX−0.056%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1000.997% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.029%+$3 · spread now −0.056%, 7d avg −0.003%

Together, before fees+0.029%+$3 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: Binance is 0.053% cheaper against BingX than usual: you would sell low and buy high, −$5 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	BingX SPK-USDT	0.02167	0.0100	pay 0.0050% / 4h	59m 06s	—	$2.3M	—
Short	Binance SPKUSDT	0.02166	0.0100	get 0.0050% / 4h	59m 06s	$3.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.003%: −$5.33
Slippage, 4 orders: −$79.68
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$105.01
Costs to cover: 0.997%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Binance: live order book, 9 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 BingX live order book, 5 min ago	6.91 bp	25.4 bp −$25	80.2 bp −$802	852.6 bp −$85.3K	1280.5 bp −$640.2K
Sell Binance live order book, 9 min ago	2.30 bp	26.5 bp −$26	92.8 bp −$928	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	+0.0018%	4h	0.02170	+0.138%	$147K	$140K	50x	as long as short
Aster SPKUSDT	+0.0100%	4h	0.02167	0.000%	$19K	$81K	5x	as long as short
Binance SPKUSDTshort	+0.0100%	4h	0.02166	−0.056%	$3.8M	$5.8M	50x
Bybit SPKUSDT	+0.0100%	4h	0.02164	−0.120%	$1.8M	$2.3M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02166	−0.046%	$741K	$2.1M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02167	0.000%	$2.1M	$640K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02165	−0.092%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDTlong	+0.0100%	4h	0.02167	long leg	—	$2.3M	—
Variational Omni SPK	+0.0100%	4h	0.02166	−0.041%	$171K	$82K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02215	+2.215%	$1K	$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	0.02166	−0.029%	$2K	$189K	5x	as long as short
BloFin SPK-USDT	+0.0106%	4h	0.02168	+0.046%	$187K	$25K	50x	as long as short
KuCoin SPKUSDTM	+0.0810%	4h	0.02176	+0.415%	$1.1M	$475K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2430%	1h	0.02173	+0.262%	$23K	$25K	10x	as long as short