SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0141%/8h= +15.5% APRnext payment +$0.71 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit+0.093%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1211.210% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.093%, 7d avg +0.045%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.048% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SPKUSDT	0.02150	−0.0041	get 0.0021% / 4h	2h 19m	$1.8M	$2.2M	25x
Short	OKX SPK-USDT-SWAP	0.02152	0.0100	get 0.0050% / 4h	2h 19m	$737K	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.093%Rate

Funding earned: $29.66
Price spread: +0.093% → +0.045%: $4.83
Slippage, 4 orders: −$99.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$86.47
Costs to cover: 1.210%
Break-even: 27.4 days

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 3 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	4.66 bp	20.5 bp −$21	136.3 bp −$1,363	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	4.66 bp	32.4 bp −$32	302.4 bp −$3,024	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	−0.0041%	4h	0.02150	long leg	$1.8M	$2.2M	25x
Aster SPKUSDT	+0.0025%	4h	0.02152	+0.104%	$18K	$80K	5x	as long as short
BloFin SPK-USDT	+0.0094%	4h	0.02146	−0.186%	$186K	$25K	50x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02151	+0.047%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAPshort	+0.0100%	4h	0.02152	+0.093%	$737K	$2.1M	20x
Gate SPK_USDT	+0.0100%	4h	0.02151	+0.047%	$147K	$136K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02151	+0.047%	$2.1M	$641K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02151	+0.047%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02151	+0.047%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02142	−0.366%	$169K	$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	0.02199	+2.279%	$801	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02150	+0.019%	$3K	$193K	5x	as long as short
KuCoin SPKUSDTM	+0.0782%	4h	0.02160	+0.465%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.0920%	1h	0.02154	+0.188%	$22K	$25K	10x	as long as short