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: Binance against Bitget+0.023%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$930.928% of the position

Long on Bitget Short on Binance

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−0.041%−$4 · spread now +0.023%, 7d avg −0.022%

Together, before fees−0.039%−$4 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: Binance is 0.045% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPKUSDT	0.02168	0.0100	pay 0.0050% / 4h	1h 08m	$1.2M	$1.4M	50x
Short	Binance SPKUSDT	0.02168	0.0100	get 0.0050% / 4h	1h 08m	$3.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.022%: $4.48
Slippage, 4 orders: −$70.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$88.32
Costs to cover: 0.928%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 15 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 Bitget live order book, 3 min ago	6.92 bp	25.1 bp −$25	80.7 bp −$807	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	2.31 bp	27.2 bp −$27	91.0 bp −$910	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	+0.0056%	4h	0.02170	+0.092%	$147K	$142K	50x	as long as short
BloFin SPK-USDT	+0.0065%	4h	0.02168	0.000%	$187K	$25K	50x	as long as short
Aster SPKUSDT	+0.0100%	4h	0.02169	+0.064%	$19K	$81K	5x	as long as short
Binance SPKUSDTshort	+0.0100%	4h	0.02168	+0.023%	$3.8M	$5.8M	50x
Bybit SPKUSDT	+0.0100%	4h	0.02168	0.000%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02167	−0.046%	$742K	$2.1M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02169	+0.046%	$2.1M	$645K	50x	as long as short
Bitget SPKUSDTlong	+0.0100%	4h	0.02168	long leg	$1.2M	$1.4M	50x
BingX SPK-USDT	+0.0100%	4h	0.02170	+0.092%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02167	−0.065%	$171K	$82K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPK-USDT	+0.0100%	4h	0.02219	+2.352%	$1K	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02168	−0.006%	$2K	$189K	5x	as long as short
KuCoin SPKUSDTM	+0.0860%	4h	0.02176	+0.369%	$1.1M	$477K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.3001%	1h	0.02177	+0.409%	$23K	$25K	10x	as long as short