SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0052%/8h= +5.6% APRnext payment +$0.26 per $10,000 · paid last 24h +0.004%

Price spread now: BingX against BloFin+0.093%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1031.029% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.093%, 7d avg +0.024%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BingX is 0.069% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPK-USDT	0.02149	0.0048	pay 0.0024% / 4h	50m 34s	$187K	$29K	50x
Short	BingX SPK-USDT	0.02151	0.0100	get 0.0050% / 4h	50m 34s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now +0.093%Rate

Funding earned: $10.83
Price spread: +0.093% → +0.024%: $6.9
Slippage, 4 orders: −$80.93
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$85.2
Costs to cover: 1.029%
Break-even: 62.0 days

Slippage from BloFin: live order book, 47 min ago; BingX: live order book, 13 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 BloFin live order book, 47 min ago	2.31 bp	16.4 bp −$16	44.5 bp −$445	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	7.00 bp	29.5 bp −$30	80.8 bp −$808	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	−0.0354%	4h	0.02153	+0.186%	$148K	$136K	50x	as long as short
Aster SPKUSDT	−0.0141%	4h	0.02153	+0.164%	$13K	$74K	5x	as long as short
BloFin SPK-USDTlong	+0.0048%	4h	0.02149	long leg	$187K	$29K	50x
Binance SPKUSDT	+0.0100%	4h	0.02148	−0.046%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02148	−0.065%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02148	−0.047%	$755K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02150	+0.047%	$2.1M	$636K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02148	−0.047%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDTshort	+0.0100%	4h	0.02151	+0.093%	—	$2.3M	—
Variational Omni SPK	+0.0100%	4h	0.02149	+0.006%	$174K	$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	0.02196	+2.187%	$1K	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02148	−0.060%	$2K	$140K	5x	as long as short
KuCoin SPKUSDTM	+0.0418%	4h	0.02163	+0.651%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2107%	1h	0.02151	+0.111%	$22K	$25K	10x	as long as short