Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against BingX+2.167%7-day average +2.118% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +2.167%, 7d avg +2.118%

Together, before fees−0.158%−$16 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: SunX is 0.049% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +2.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX SPK-USDT	0.02169	0.0100	pay 0.0050% / 4h	2m 45s	—	$2.3M	—
Short	SunX SPK-USDT	0.02216	0.0100	get 0.0050% / 4h	2m 45s	$701	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.167%Rate

Funding earned: $0
Price spread: +2.167% → +2.118%: $4.88
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 6 min ago; SunX: live order book, 10 min ago. Net counts fees only.

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	9.23 bp	27.8 bp −$28	83.2 bp −$832	942.6 bp −$94.3K	1294.3 bp −$647.1K
Sell SunX live order book, 10 min ago	275.02 bp	doesn't fit	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	−0.0120%	4h	0.02169	0.000%	$150K	$136K	50x	as long as short
Aster SPKUSDT	−0.0049%	4h	0.02170	+0.062%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02168	−0.062%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02168	−0.046%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02167	−0.092%	$764K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02167	−0.092%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02167	−0.092%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDTlong	+0.0100%	4h	0.02169	long leg	—	$2.3M	—
Variational Omni SPK	+0.0100%	4h	0.02166	−0.133%	$176K	$76K	—	as long as short
SunX SPK-USDTshort	+0.0100%	4h	0.02216	+2.167%	$701	$1.2M	20x

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	−0.115%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0113%	4h	0.02166	−0.138%	$187K	$28K	50x	as long as short
KuCoin SPKUSDTM	+0.0766%	4h	0.02178	+0.415%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2087%	1h	0.02171	+0.114%	$23K	$25K	10x	as long as short