SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.15 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against BingX−0.092%96s7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$880.878% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.092%, 7d avg −0.027%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.066% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.027%). Swap the legs. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPK-USDT	0.02163	0.0100	pay 0.0050% / 4h	3h 11m	—	$2.3M	—
Short	BloFin SPK-USDT	0.02161	0.0069	get 0.0035% / 4h	3h 11m	$187K	$27K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$6.43
Price spread: −0.092% → −0.027%: −$6.59
Slippage, 4 orders: −$65.85
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$100.86
Costs to cover: 0.878%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; BloFin: live order book, 8 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, 6 min ago	4.63 bp	26.6 bp −$27	84.2 bp −$842	1060.9 bp −$106.1K	doesn't fit
Sell BloFin live order book, 8 min ago	4.63 bp	16.1 bp −$16	33.5 bp −$335	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	0.02171	+0.378%	$23K	$25K	10x	as long as short
Bybit SPKUSDT	−0.0046%	4h	0.02161	−0.079%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	−0.0042%	4h	0.02165	+0.099%	$18K	$76K	5x	as long as short
BloFin SPK-USDTshort	+0.0069%	4h	0.02161	−0.092%	$187K	$27K	50x
Binance SPKUSDT	+0.0100%	4h	0.02163	0.000%	$3.7M	$5.6M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02163	0.000%	$761K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02164	+0.046%	$150K	$135K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02162	−0.046%	$2.1M	$643K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02162	−0.046%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDTlong	+0.0100%	4h	0.02163	long leg	—	$2.3M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPK	+0.0100%	4h	0.02160	−0.133%	$175K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02210	+2.173%	$846	$1.1M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02160	−0.150%	$6K	$210K	5x	as long as short
KuCoin SPKUSDTM	+0.0828%	4h	0.02168	+0.231%	$1.1M	$474K	30x	as long as short