SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.07 per $10,000 · paid last 24h +0.004%

Price spread now: Bybit against BloFin+0.092%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1251.250% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.092%, 7d avg −0.003%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.095% dearer against BloFin than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −0.003%): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 24 days. At the pace of the last 7 days (−0.126% in total) that is about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPK-USDT	0.02166	0.0113	pay 0.0057% / 4h	2m 43s	$187K	$28K	50x
Short	Bybit SPKUSDT	0.02168	0.0100	get 0.0050% / 4h	2m 43s	$1.8M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$2.73
Price spread: +0.092% → −0.003%: $9.54
Slippage, 4 orders: −$102.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$118.23
Costs to cover: 1.250%
Break-even: never at this rate

Slippage from BloFin: live order book, 28 min ago; Bybit: live order book, 4 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, 28 min ago	2.32 bp	14.4 bp −$14	44.9 bp −$449	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	6.92 bp	40.3 bp −$40	155.8 bp −$1,558	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	−0.0120%	4h	0.02169	+0.139%	$150K	$136K	50x	as long as short
Aster SPKUSDT	−0.0049%	4h	0.02170	+0.200%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02168	+0.077%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDTshort	+0.0100%	4h	0.02168	+0.092%	$1.8M	$2.2M	25x
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02167	+0.046%	$764K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02167	+0.046%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02167	+0.046%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02169	+0.139%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02166	+0.006%	$176K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02216	+2.308%	$701	$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	0.02166	+0.023%	$2K	$140K	5x	as long as short
BloFin SPK-USDTlong	+0.0113%	4h	0.02166	long leg	$187K	$28K	50x
KuCoin SPKUSDTM	+0.0766%	4h	0.02178	+0.554%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2087%	1h	0.02171	+0.252%	$23K	$25K	10x	as long as short