Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Bitget against Bybit+0.046%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1141.144% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.125%+$12 on $10k

Price spread, last 7 days+0.053%+$5 · spread now +0.046%, 7d avg +0.068%

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.022% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPKUSDT	0.02173	0.0100	pay 0.0050% / 4h	3h 19m	$1.9M	$2.2M	25x
Short	Bitget SPKUSDT	0.02174	0.0100	get 0.0050% / 4h	3h 19m	$1.3M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.068%: −$2.17
Slippage, 4 orders: −$91.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$116.6
Costs to cover: 1.144%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 2 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 Bybit live order book, 3 min ago	4.60 bp	34.2 bp −$34	150.9 bp −$1,509	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	6.90 bp	21.4 bp −$21	81.9 bp −$819	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
Aster SPKUSDT	+0.0095%	4h	0.02174	+0.029%	$11K	$64K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02172	−0.046%	$3.8M	$5.6M	50x	as long as short
Bybit SPKUSDTlong	+0.0100%	4h	0.02173	long leg	$1.9M	$2.2M	25x
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02172	−0.046%	$764K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02173	0.000%	$143K	$137K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02173	0.000%	$2.1M	$642K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02177	+0.184%	$940K	$414K	30x	as long as short
Bitget SPKUSDTshort	+0.0100%	4h	0.02174	+0.046%	$1.3M	$1.5M	50x
BingX SPK-USDT	+0.0100%	4h	0.02175	+0.092%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02173	−0.016%	$165K	$65K	—	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	0.02221	+2.209%	$814	$1.1M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02173	−0.007%	$2K	$147K	5x	as long as short
BloFin SPK-USDT	+0.0134%	4h	0.02175	+0.092%	$190K	$30K	50x	as long as short
Kraken Futures PF_SPKUSD	+0.1032%	1h	0.02177	+0.169%	$23K	$29K	10x	as long as short