SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0594%/8h= +65.0% APRnext payment +$2.97 per $10,000 · paid last 24h +0.137%

Price spread now: KuCoin against BingX+0.369%7-day average +0.178% · you sell dearer than you buy

Net, funding: paid 7d − costs−$451as in the Funding arb table

Net, price: spread back to 7d avg − costs−$446as in the Price arb table

costs, in and out, $10k−$4654.651% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.369%, 7d avg +0.178%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and KuCoin is 0.190% dearer against BingX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.178%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.97 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPK-USDT	0.02170	0.0100	pay 0.0050% / 4h	3h 58m	—	$2.3M	—
Short	KuCoin SPKUSDTM	0.02178	0.0694	get 0.0347% / 4h	3h 58m	$1.1M	$453K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.369%Rate

Funding earned: $124.74
Price spread: +0.369% → +0.178%: $19.04
Slippage, 4 orders: −$443.08
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$321.31
Costs to cover: 4.651%
Break-even: 25.0 days

Slippage from BingX: live order book, 5 min ago; KuCoin: live order book, 6 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	25.6 bp −$26	85.3 bp −$853	926.7 bp −$92.7K	doesn't fit
Sell KuCoin live order book, 6 min ago	16.04 bp	72.4 bp −$72	doesn't fit	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	−0.0102%	4h	0.02170	0.000%	$146K	$145K	50x	as long as short
Bybit SPKUSDT	−0.0063%	4h	0.02168	−0.092%	$1.8M	$2.3M	25x	as long as short
Aster SPKUSDT	+0.0099%	4h	0.02172	+0.085%	$19K	$81K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02169	−0.046%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02169	−0.046%	$740K	$2.1M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02169	−0.046%	$2.1M	$650K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02169	−0.046%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDTlong	+0.0100%	4h	0.02170	long leg	—	$2.3M	—
Variational Omni SPK	+0.0100%	4h	0.02170	+0.010%	$171K	$82K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02216	+2.120%	$860	$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	−0.165%	$4K	$197K	5x	as long as short
BloFin SPK-USDT	+0.0141%	4h	0.02170	0.000%	$188K	$21K	50x	as long as short
KuCoin SPKUSDTMshort	+0.0694%	4h	0.02178	+0.369%	$1.1M	$453K	30x
Kraken Futures PF_SPKUSD	+0.6018%	1h	0.02189	+0.888%	$23K	$25K	10x	as long as short