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: MEXC against Bitget−0.139%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$730.731% of the position

Long on Bitget Short on MEXC

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+0.157%+$16 · spread now −0.139%, 7d avg −0.029%

Together, before fees+0.159%+$16 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: MEXC is 0.109% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPKUSDT	0.02165	0.0100	pay 0.0050% / 4h	1h 44m	$1.2M	$1.5M	50x
Short	MEXC SPK_USDT	0.02162	0.0100	get 0.0050% / 4h	1h 44m	$2.1M	$641K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.029%: −$10.93
Slippage, 4 orders: −$57.12
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$84.05
Costs to cover: 0.731%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 3 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	6.94 bp	23.9 bp −$24	92.9 bp −$929	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	4.63 bp	7.8 bp −$8	49.6 bp −$496	230.8 bp −$23.1K	456.8 bp −$228.4K

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	−0.0522%	4h	0.02163	−0.092%	$141K	$130K	50x	as long as short
Aster SPKUSDT	−0.0127%	4h	0.02164	−0.046%	$12K	$72K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02163	−0.092%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02164	−0.060%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02161	−0.185%	$761K	$2.0M	20x	as long as short
MEXC SPK_USDTshort	+0.0100%	4h	0.02162	−0.139%	$2.1M	$641K	50x
KuCoin SPKUSDTM	+0.0100%	4h	0.02173	+0.370%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDTlong	+0.0100%	4h	0.02165	long leg	$1.2M	$1.5M	50x
BingX SPK-USDT	+0.0100%	4h	0.02163	−0.092%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02163	−0.110%	$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	0.02210	+2.079%	$739	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02162	−0.151%	$723	$147K	5x	as long as short
BloFin SPK-USDT	+0.0156%	4h	0.02164	−0.046%	$189K	$31K	50x	as long as short
Kraken Futures PF_SPKUSD	+0.2752%	1h	0.02179	+0.666%	$23K	$28K	10x	as long as short