Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against BingX+0.066%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1261.263% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.066%, 7d avg −0.050%

Together, before fees+0.001%+ Points / potential airdropExtended: Active · farm board$0 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: Extended is 0.115% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPK-USDT	0.02168	0.0100	pay 0.0050% / 4h	1h 42m	—	$2.3M	—
Short	Extended SPK-USD	0.02169	0.0104	get 0.0013% / 1h	42m 59s	$723	$147K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0.84
Price spread: +0.066% → −0.050%: $11.54
Slippage, 4 orders: −$111.25
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$113.88
Costs to cover: 1.263%
Break-even: 956.0 days

Slippage from BingX: live order book, 5 min ago; Extended: live order book, 18 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	6.95 bp	26.3 bp −$26	74.6 bp −$746	837.3 bp −$83.7K	1288.4 bp −$644.2K
Sell Extended live order book, 18 min ago	5.06 bp	33.6 bp −$34	222.5 bp −$2,225	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	0.02166	−0.092%	$141K	$130K	50x	as long as short
Aster SPKUSDT	−0.0125%	4h	0.02168	+0.014%	$12K	$72K	5x	as long as short
BloFin SPK-USDT	+0.0082%	4h	0.02162	−0.277%	$189K	$31K	50x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02170	+0.092%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02170	+0.092%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02171	+0.138%	$764K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02167	−0.046%	$2.2M	$641K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02176	+0.369%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02170	+0.092%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDTlong	+0.0100%	4h	0.02168	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	0.02163	−0.248%	$175K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02214	+2.122%	$1K	$1.2M	20x	as long as short
Extended SPK-USDshort	+0.0104%	1h	0.02169	+0.066%	$723	$147K	5x
Kraken Futures PF_SPKUSD	+0.2746%	1h	0.02184	+0.724%	$23K	$28K	10x	as long as short