SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0052%/8h= −5.6% APRnext payment −$0.26 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against Bybit+0.140%92s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as 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−$1171.169% of the position

Long on Bybit Short on BloFin

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)−0.180%−$18 · spread now +0.140%, 7d avg +0.003%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.137% dearer against Bybit than usual: you sell high and buy low (spread +0.140% now, against its 7-day average of +0.003%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.8 days. Mind the row above: over the last 7 days funding on this pair paid +0.126%, so the current rate has only just turned against you. The two prices were read 92 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	Bybit SPKUSDT	0.02146	0.0100	pay 0.0050% / 4h	49m 45s	$1.8M	$2.2M	25x
Short	BloFin SPK-USDT	0.02149	0.0048	get 0.0024% / 4h	49m 45s	$187K	$29K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.140%Rate

Funding earned: −$10.83
Price spread: +0.140% → +0.003%: $13.67
Slippage, 4 orders: −$93.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$114.09
Costs to cover: 1.169%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 48 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, 2 min ago	4.65 bp	33.5 bp −$33	147.3 bp −$1,473	doesn't fit	doesn't fit
Sell BloFin live order book, 48 min ago	2.31 bp	30.7 bp −$31	63.5 bp −$635	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	−0.0354%	4h	0.02151	+0.233%	$148K	$136K	50x	as long as short
Aster SPKUSDT	−0.0141%	4h	0.02149	+0.132%	$13K	$74K	5x	as long as short
BloFin SPK-USDTshort	+0.0048%	4h	0.02149	+0.140%	$187K	$29K	50x
Binance SPKUSDT	+0.0100%	4h	0.02147	+0.047%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDTlong	+0.0100%	4h	0.02146	long leg	$1.8M	$2.2M	25x
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02146	0.000%	$754K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02145	−0.047%	$2.1M	$636K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02148	+0.093%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02150	+0.186%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02149	+0.146%	$174K	$76K	—	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	0.02194	+2.237%	$1K	$1.1M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02144	−0.071%	$2K	$140K	5x	as long as short
KuCoin SPKUSDTM	+0.0424%	4h	0.02158	+0.559%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2108%	1h	0.02150	+0.177%	$22K	$25K	10x	as long as short