SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.27 per $10,000 · paid last 24h −0.023%

Price spread now: Gate against Bybit−0.046%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,089as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,101as in the Price arb table

costs, in and out, $10k−$1,09210.920% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.155%+$15 · spread now −0.046%, 7d avg +0.049%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.095% cheaper against Bybit than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of +0.049%). If the spread goes back, that is −$10 on $10k: about 5.8 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.026% in total) that is about 25 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPKUSDT	0.02166	−0.0083	get 0.0041% / 4h	14m 22s	$1.8M	$2.3M	25x
Short	Gate SPK_USDT	0.02165	−0.0028	pay 0.0014% / 4h	14m 22s	$146K	$141K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: $11.45
Price spread: −0.046% → +0.049%: −$9.5
Slippage, 4 orders: −$1,065.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,090.01
Costs to cover: 10.920%
Break-even: 673.4 days

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 16 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	4.62 bp	26.7 bp −$27	152.6 bp −$1,526	doesn't fit	doesn't fit
Sell Gate live order book, 16 min ago	9.24 bp	358.4 bp −$358	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 SPKUSDTlong	−0.0083%	4h	0.02166	long leg	$1.8M	$2.3M	25x
Gate SPK_USDTshort	−0.0028%	4h	0.02165	−0.046%	$146K	$141K	50x
BloFin SPK-USDT	+0.0085%	4h	0.02164	−0.092%	$187K	$21K	50x	as long as short
Aster SPKUSDT	+0.0100%	4h	0.02167	+0.046%	$19K	$81K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02165	−0.046%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02164	−0.092%	$739K	$2.1M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02165	−0.046%	$2.1M	$653K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02165	−0.046%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02167	+0.046%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02162	−0.200%	$170K	$82K	—	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	0.02214	+2.216%	$1K	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02164	−0.073%	$631	$195K	5x	as long as short
KuCoin SPKUSDTM	+0.0648%	4h	0.02173	+0.323%	$1.1M	$455K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2413%	1h	0.02188	+1.007%	$23K	$25K	10x	as long as short