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 +0.002%

Price spread now: Bybit against Bitget−0.028%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1361.359% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 7 days−0.081%−$8 · spread now −0.028%, 7d avg −0.065%

Together, before fees−0.205%−$21 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: Bybit is 0.038% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPKUSDT	0.02166	0.0100	pay 0.0050% / 4h	1h 45m	$1.2M	$1.5M	50x
Short	Bybit SPKUSDT	0.02165	0.0100	get 0.0050% / 4h	1h 45m	$1.9M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.065%: $3.76
Slippage, 4 orders: −$112.94
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$132.18
Costs to cover: 1.359%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 2 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	6.94 bp	23.9 bp −$24	92.9 bp −$929	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	4.63 bp	36.6 bp −$37	137.2 bp −$1,372	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	−0.0524%	4h	0.02161	−0.231%	$141K	$130K	50x	as long as short
Aster SPKUSDT	−0.0131%	4h	0.02166	+0.001%	$12K	$72K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02164	−0.092%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDTshort	+0.0100%	4h	0.02165	−0.028%	$1.9M	$2.2M	25x
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02168	+0.092%	$763K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02165	−0.046%	$2.2M	$641K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02171	+0.231%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDTlong	+0.0100%	4h	0.02166	long leg	$1.2M	$1.5M	50x
BingX SPK-USDT	+0.0100%	4h	0.02167	+0.046%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02163	−0.156%	$175K	$76K	—	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	0.02213	+2.170%	$934	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02163	−0.118%	$723	$147K	5x	as long as short
BloFin SPK-USDT	+0.0156%	4h	0.02164	−0.092%	$189K	$31K	50x	as long as short
Kraken Futures PF_SPKUSD	+0.2745%	1h	0.02185	+0.867%	$23K	$28K	10x	as long as short