SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0666%/8h= +72.9% APRnext payment +$3.33 per $10,000 · paid last 24h +0.139%

Price spread now: KuCoin against Bitget+0.140%7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$776as in the Funding arb table

Net, price: spread back to 7d avg − costs−$792as in the Price arb table

costs, in and out, $10k−$7907.900% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.140%, 7d avg +0.158%

Together, before fees+0.120%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.158%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.33 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	0.02144	0.0100	pay 0.0050% / 4h	2h 22m	$1.2M	$1.4M	50x
Short	KuCoin SPKUSDTM	0.02147	0.0766	get 0.0383% / 4h	2h 22m	$1.1M	$476K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.140%Rate

Funding earned: $139.86
Price spread: +0.140% → +0.158%: −$1.78
Slippage, 4 orders: −$765.96
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$651.88
Costs to cover: 7.900%
Break-even: 39.6 days

Slippage from Bitget: live order book, 4 min ago; KuCoin: 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, 4 min ago	7.03 bp	26.1 bp −$26	94.2 bp −$942	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	11.65 bp	67.0 bp −$67	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
Bybit SPKUSDT	−0.0092%	4h	0.02144	0.000%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	+0.0014%	4h	0.02144	−0.019%	$18K	$80K	5x	as long as short
BloFin SPK-USDT	+0.0048%	4h	0.02139	−0.233%	$187K	$25K	50x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02144	0.000%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02145	+0.047%	$735K	$2.1M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02140	−0.187%	$146K	$136K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02144	0.000%	$2.1M	$641K	50x	as long as short
Bitget SPKUSDTlong	+0.0100%	4h	0.02144	long leg	$1.2M	$1.4M	50x
BingX SPK-USDT	+0.0100%	4h	0.02141	−0.140%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02131	−0.623%	$168K	$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	0.02192	+2.239%	$856	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02141	−0.143%	$3K	$193K	5x	as long as short
KuCoin SPKUSDTMshort	+0.0766%	4h	0.02147	+0.140%	$1.1M	$476K	30x
Kraken Futures PF_SPKUSD	+0.0916%	1h	0.02164	+0.916%	$22K	$25K	10x	as long as short