SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.001%

Price spread now: OKX against BloFin−0.232%83s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as 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−$1011.010% of the position

Long on BloFin Short on OKX

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)+0.376%+$38 · spread now −0.232%, 7d avg +0.020%

Together, before fees+0.378%+$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.252% cheaper against BloFin than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.020%). Swap the legs. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SPK-USDT	0.02151	0.0138	pay 0.0069% / 4h	2h 15m	$186K	$25K	50x
Short	OKX SPK-USDT-SWAP	0.02146	0.0100	get 0.0050% / 4h	2h 15m	$734K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.232%Rate

Funding earned: −$8.04
Price spread: −0.232% → +0.020%: −$25.24
Slippage, 4 orders: −$78.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$134.24
Costs to cover: 1.010%
Break-even: never at this rate

Slippage from BloFin: live order book, 64 min ago; OKX: live order book, 1 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, 64 min ago	4.63 bp	22.2 bp −$22	52.2 bp −$522	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	4.66 bp	34.1 bp −$34	329.5 bp −$3,295	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	+0.0037%	4h	0.02146	−0.214%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	+0.0043%	4h	0.02149	−0.089%	$18K	$81K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02148	−0.139%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAPshort	+0.0100%	4h	0.02146	−0.232%	$734K	$2.1M	20x
Gate SPK_USDT	+0.0100%	4h	0.02149	−0.093%	$147K	$136K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02146	−0.232%	$2.1M	$645K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02147	−0.186%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02146	−0.232%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02146	−0.226%	$169K	$82K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02193	+1.953%	$1K	$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	0.02144	−0.309%	$3K	$188K	5x	as long as short
BloFin SPK-USDTlong	+0.0138%	4h	0.02151	long leg	$186K	$25K	50x
KuCoin SPKUSDTM	+0.0808%	4h	0.02158	+0.325%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.0920%	1h	0.02154	+0.132%	$22K	$25K	10x	as long as short