SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0482%/8h= −52.8% APRnext payment −$2.41 per $10,000 · paid last 24h −0.010%

Price spread now: Gate against Bitget+0.093%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$757as in the Funding arb table

Net, price: spread back to 7d avg − costs−$739as in the Price arb table

costs, in and out, $10k−$7487.483% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.093%, 7d avg −0.002%

Together, before fees−0.230%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.094% dearer against Bitget than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of −0.002%): +$9 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.088% in total) that is about 7.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.088% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.41 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	Bitget SPKUSDT	0.02155	0.0100	pay 0.0050% / 4h	55m 13s	$1.2M	$1.5M	50x
Short	Gate SPK_USDT	0.02157	−0.0382	pay 0.0191% / 4h	55m 13s	$149K	$136K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.093%Rate

Funding earned: −$101.22
Price spread: +0.093% → −0.002%: $9.44
Slippage, 4 orders: −$721.27
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$840.05
Costs to cover: 7.483%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 60 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	9.27 bp	25.6 bp −$26	140.9 bp −$1,409	doesn't fit	doesn't fit
Sell Gate live order book, 60 min ago	13.82 bp	158.3 bp −$158	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_USDTshort	−0.0382%	4h	0.02157	+0.093%	$149K	$136K	50x
Aster SPKUSDT	−0.0147%	4h	0.02158	+0.130%	$13K	$74K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02155	−0.008%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02156	+0.056%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02156	+0.046%	$759K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02155	0.000%	$2.1M	$636K	50x	as long as short
Bitget SPKUSDTlong	+0.0100%	4h	0.02155	long leg	$1.2M	$1.5M	50x
BingX SPK-USDT	+0.0100%	4h	0.02155	0.000%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02158	+0.123%	$174K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02203	+2.227%	$886	$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	0.02154	−0.054%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0146%	4h	0.02158	+0.139%	$189K	$29K	50x	as long as short
KuCoin SPKUSDTM	+0.0392%	4h	0.02166	+0.510%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2100%	1h	0.02158	+0.162%	$22K	$25K	10x	as long as short