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: SunX against Bitget+2.123%7-day average +2.101% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.235%−$24 · spread now +2.123%, 7d avg +2.101%

Together, before fees−0.233%−$23 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: SunX is 0.022% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +2.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SPKUSDT	0.02167	0.0100	pay 0.0050% / 4h	3m 49s	$1.2M	$1.4M	50x
Short	SunX SPK-USDT	0.02213	0.0100	get 0.0050% / 4h	3m 49s	$888	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.123%Rate

Funding earned: $0
Price spread: +2.123% → +2.101%: $2.15
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.85
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; SunX: live order book, 9 min ago. Net counts fees only.

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	6.92 bp	23.3 bp −$23	107.7 bp −$1,077	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	275.02 bp	doesn't fit	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_USDT	−0.0122%	4h	0.02169	+0.092%	$150K	$136K	50x	as long as short
Aster SPKUSDT	−0.0052%	4h	0.02169	+0.092%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02167	−0.012%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02166	−0.046%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02168	+0.046%	$763K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02166	−0.046%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDTlong	+0.0100%	4h	0.02167	long leg	$1.2M	$1.4M	50x
BingX SPK-USDT	+0.0100%	4h	0.02168	+0.046%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02166	−0.041%	$176K	$76K	—	as long as short
SunX SPK-USDTshort	+0.0100%	4h	0.02213	+2.123%	$888	$1.2M	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SPK-USD	+0.0104%	1h	0.02165	−0.075%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0111%	4h	0.02169	+0.092%	$187K	$30K	50x	as long as short
KuCoin SPKUSDTM	+0.0766%	4h	0.02176	+0.415%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2090%	1h	0.02168	+0.065%	$23K	$25K	10x	as long as short