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 −0.002%

Price spread now: Bitget against BingX+0.094%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1101.099% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.094%, 7d avg +0.019%

Together, before fees−0.087%−$9 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: Bitget is 0.074% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPK-USDT	0.02135	0.0100	pay 0.0050% / 4h	2h 32m	—	$2.3M	—
Short	Bitget SPKUSDT	0.02137	0.0100	get 0.0050% / 4h	2h 32m	$1.2M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.019%: $7.44
Slippage, 4 orders: −$87.93
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$102.49
Costs to cover: 1.099%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Bitget: 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 BingX live order book, 2 min ago	4.69 bp	20.2 bp −$20	74.0 bp −$740	899.7 bp −$90.0K	doesn't fit
Sell Bitget live order book, 4 min ago	4.66 bp	27.4 bp −$27	128.1 bp −$1,281	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
Bybit SPKUSDT	−0.0179%	4h	0.02134	−0.047%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	0.0000%	4h	0.02138	+0.158%	$18K	$80K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02135	+0.003%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02136	+0.047%	$733K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02138	+0.141%	$146K	$135K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02134	−0.047%	$2.1M	$640K	50x	as long as short
Bitget SPKUSDTshort	+0.0100%	4h	0.02137	+0.094%	$1.2M	$1.4M	50x
BingX SPK-USDTlong	+0.0100%	4h	0.02135	long leg	—	$2.3M	—
Variational Omni SPK	+0.0100%	4h	0.02146	+0.500%	$169K	$82K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02183	+2.248%	$825	$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	0.02136	+0.036%	$484	$190K	5x	as long as short
BloFin SPK-USDT	+0.0115%	4h	0.02131	−0.187%	$186K	$25K	50x	as long as short
KuCoin SPKUSDTM	+0.0804%	4h	0.02145	+0.468%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.0923%	1h	0.02147	+0.560%	$22K	$25K	10x	as long as short