SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0231%/8h= −25.3% APRnext payment −$1.16 per $10,000 · paid last 24h −0.009%

Price spread now: Gate against BloFin0.000%108s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$934as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$9259.254% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now 0.000%, 7d avg +0.040%

Together, before fees−0.018%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.040%). Swap the legs. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.16 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	BloFin SPK-USDT	0.02169	0.0111	pay 0.0056% / 4h	3m 26s	$187K	$30K	50x
Short	Gate SPK_USDT	0.02169	−0.0120	pay 0.0060% / 4h	3m 26s	$150K	$136K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$48.55
Price spread: 0.000% → +0.040%: −$4.01
Slippage, 4 orders: −$898.41
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$977.97
Costs to cover: 9.254%
Break-even: never at this rate

Slippage from BloFin: live order book, 27 min ago; Gate: live order book, 47 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, 27 min ago	2.32 bp	14.4 bp −$14	44.9 bp −$449	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	6.98 bp	453.3 bp −$453	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_USDTshort	−0.0120%	4h	0.02169	0.000%	$150K	$136K	50x
Aster SPKUSDT	−0.0052%	4h	0.02170	+0.050%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02167	−0.086%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02168	−0.046%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02168	−0.046%	$764K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02167	−0.092%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02167	−0.092%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02167	−0.092%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02166	−0.133%	$176K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02213	+2.029%	$888	$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	−0.134%	$2K	$140K	5x	as long as short
BloFin SPK-USDTlong	+0.0111%	4h	0.02169	long leg	$187K	$30K	50x
KuCoin SPKUSDTM	+0.0766%	4h	0.02176	+0.323%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2090%	1h	0.02168	−0.027%	$23K	$25K	10x	as long as short