SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0685%/8h= +75.0% APRnext payment +$3.42 per $10,000 · paid last 24h +0.137%

Price spread now: KuCoin against BloFin+0.509%65s7-day average +0.199% · you sell dearer than you buy

Net, funding: paid 7d − costs−$324as 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−$3383.376% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.222%−$22 · spread now +0.509%, 7d avg +0.199%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and KuCoin is 0.310% dearer against BloFin than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.199%. The two prices were read 65 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 0.139% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.42 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	0.02160	0.0155	pay 0.0078% / 4h	2h 52m	$186K	$25K	50x
Short	KuCoin SPKUSDTM	0.02171	0.0840	get 0.0420% / 4h	2h 52m	$1.1M	$474K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.509%Rate

Funding earned: $143.78
Price spread: +0.509% → +0.199%: $31.01
Slippage, 4 orders: −$313.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$162.81
Costs to cover: 3.376%
Break-even: 14.9 days

Slippage from BloFin: live order book, 28 min ago; KuCoin: live order book, 8 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	4.63 bp	22.2 bp −$22	52.2 bp −$522	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	18.43 bp	71.7 bp −$72	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
Bybit SPKUSDT	−0.0205%	4h	0.02163	+0.139%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	+0.0011%	4h	0.02166	+0.278%	$19K	$77K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02163	+0.139%	$3.7M	$5.6M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02163	+0.139%	$758K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02166	+0.278%	$150K	$133K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02162	+0.093%	$2.1M	$638K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02165	+0.231%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02161	+0.046%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02163	+0.121%	$175K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02211	+2.361%	$1K	$1.1M	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	0.02162	+0.112%	$489	$195K	5x	as long as short
BloFin SPK-USDTlong	+0.0155%	4h	0.02160	long leg	$186K	$25K	50x
KuCoin SPKUSDTMshort	+0.0840%	4h	0.02171	+0.509%	$1.1M	$474K	30x
Kraken Futures PF_SPKUSD	+0.0912%	1h	0.02174	+0.653%	$23K	$25K	10x	as long as short