Funding arb · Price arb /

SPK

all SPK markets

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 +0.002%

Price spread now: BingX against Bitget−0.046%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1051.050% of the position

Long on Bitget Short on BingX

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+0.055%+$6 · spread now −0.046%, 7d avg −0.019%

Together, before fees+0.057%+$6 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: BingX is 0.027% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.019%.

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	5m 08s	$1.2M	$1.4M	50x
Short	BingX SPK-USDT	0.02167	0.0100	get 0.0050% / 4h	5m 08s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → −0.019%: −$2.69
Slippage, 4 orders: −$82.99
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$107.67
Costs to cover: 1.050%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 4 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, 1 min ago	6.92 bp	23.3 bp −$23	107.7 bp −$1,077	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	9.23 bp	28.4 bp −$28	64.6 bp −$646	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	−0.0126%	4h	0.02168	0.000%	$150K	$136K	50x	as long as short
Aster SPKUSDT	−0.0051%	4h	0.02168	−0.011%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02165	−0.155%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02164	−0.171%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02166	−0.092%	$765K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02165	−0.138%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDTlong	+0.0100%	4h	0.02168	long leg	$1.2M	$1.4M	50x
BingX SPK-USDTshort	+0.0100%	4h	0.02167	−0.046%	—	$2.3M	—
Variational Omni SPK	+0.0100%	4h	0.02166	−0.087%	$176K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02212	+2.030%	$906	$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	0.02164	−0.173%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0111%	4h	0.02169	+0.046%	$187K	$30K	50x	as long as short
KuCoin SPKUSDTM	+0.0762%	4h	0.02175	+0.323%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2088%	1h	0.02170	+0.108%	$23K	$25K	10x	as long as short