Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.2% APRpaid last 24h −0.005%

Price spread now: BloFin against Extended+0.094%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.094%, 7d avg +0.029%

Together, before fees−0.169%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.065% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPK-USD	0.02169	0.0104	pay 0.0013% / 1h	0m 19s	$4K	$145K	5x
Short	BloFin SPK-USDT	0.02171	0.0134	get 0.0067% / 4h	0m 19s	$188K	$28K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.094%Rate

Funding earned: $6.22
Price spread: +0.094% → +0.029%: $6.54
Slippage, 4 orders: −$94.3
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$98.55
Costs to cover: 1.113%
Break-even: 117.9 days

Slippage from Extended: live order book, 55 min ago; BloFin: live order book, 30 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 Extended live order book, 55 min ago	4.18 bp	33.2 bp −$33	244.9 bp −$2,449	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	2.32 bp	32.7 bp −$33	66.6 bp −$666	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	−0.0104%	4h	0.02170	+0.048%	$150K	$136K	50x	as long as short
Aster SPKUSDT	−0.0044%	4h	0.02172	+0.141%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02170	+0.030%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02170	+0.048%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02169	+0.002%	$765K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02170	+0.048%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02170	+0.048%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02168	−0.044%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02170	+0.031%	$176K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02217	+2.215%	$727	$1.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SPK-USDlong	+0.0104%	1h	0.02169	long leg	$4K	$145K	5x
BloFin SPK-USDTshort	+0.0134%	4h	0.02171	+0.094%	$188K	$28K	50x
KuCoin SPKUSDTM	+0.0778%	4h	0.02179	+0.463%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2086%	1h	0.02173	+0.185%	$23K	$25K	10x	as long as short