SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0878%/8h= +96.1% APRnext payment +$4.39 per $10,000 · paid last 24h +0.175%

Price spread now: KuCoin against Bybit+0.363%7-day average +0.218% · you sell dearer than you buy

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$341as in the Price arb table

costs, in and out, $10k−$3553.553% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.298%+$30 on $10k

Price spread, last 4 days (all we have)−0.095%−$10 · spread now +0.363%, 7d avg +0.218%

Together, before fees+0.203%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and KuCoin is 0.145% dearer against Bybit than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.218%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.298% in total (about 15.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.39 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPKUSDT	0.02148	0.0100	pay 0.0050% / 4h	2h 20m	$1.8M	$2.2M	25x
Short	KuCoin SPKUSDTM	0.02156	0.0978	get 0.0489% / 4h	2h 20m	$1.1M	$375K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.363%Rate

Funding earned: $184.38
Price spread: +0.363% → +0.218%: $14.53
Slippage, 4 orders: −$332.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$156.41
Costs to cover: 3.553%
Break-even: 12.9 days

Slippage from Bybit: live order book, 4 min ago; KuCoin: 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, 4 min ago	2.33 bp	36.2 bp −$36	156.6 bp −$1,566	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	9.27 bp	66.1 bp −$66	doesn't fit	doesn't fit	doesn't fit

SPK on 14 exchanges

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
BloFin SPK-USDT	+0.0041%	4h	0.02146	−0.102%	$184K	$17K	50x	as long as short
Aster SPKUSDT	+0.0100%	4h	0.02149	+0.035%	$18K	$74K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02149	+0.039%	$3.7M	$5.4M	50x	as long as short
Bybit SPKUSDTlong	+0.0100%	4h	0.02148	long leg	$1.8M	$2.2M	25x
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02150	+0.084%	$726K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02147	−0.056%	$144K	$114K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02148	−0.009%	$2.0M	$651K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02147	−0.056%	$1.2M	$1.3M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02147	−0.056%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02147	−0.076%	$169K	$66K	—	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPK-USDT	+0.0100%	4h	0.02196	+2.225%	$889	$1.1M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02148	+0.009%	$331	$205K	5x	as long as short
KuCoin SPKUSDTMshort	+0.0978%	4h	0.02156	+0.363%	$1.1M	$375K	30x
Kraken Futures PF_SPKUSD	+0.2257%	1h	0.02149	+0.037%	$22K	$8K	10x	as long as short