Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0628%/8h= −68.8% APRpaid last 24h −0.014%

Price spread now: Gate against Extended−0.090%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$774as in the Funding arb table

Net, price: spread back to 7d avg − costs−$779as in the Price arb table

costs, in and out, $10k−$7647.637% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.090%, 7d avg +0.066%

Together, before fees−0.019%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Gate is 0.156% cheaper against Extended than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.066%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPK-USD	0.02166	0.0104	pay 0.0013% / 1h	44m 56s	$723	$147K	5x
Short	Gate SPK_USDT	0.02164	−0.0524	pay 0.0262% / 4h	1h 44m	$141K	$130K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.090%Rate

Funding earned: −$131.88
Price spread: −0.090% → +0.066%: −$15.56
Slippage, 4 orders: −$743.74
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$911.18
Costs to cover: 7.637%
Break-even: never at this rate

Slippage from Extended: live order book, 16 min ago; Gate: live order book, 11 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, 16 min ago	5.06 bp	35.0 bp −$35	232.9 bp −$2,329	doesn't fit	doesn't fit
Sell Gate live order book, 11 min ago	13.82 bp	158.3 bp −$158	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
Gate SPK_USDTshort	−0.0524%	4h	0.02164	−0.090%	$141K	$130K	50x
Aster SPKUSDT	−0.0131%	4h	0.02167	+0.053%	$12K	$72K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02164	−0.086%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02167	+0.063%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02168	+0.095%	$764K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02166	+0.003%	$2.2M	$641K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02174	+0.372%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02167	+0.049%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02166	+0.003%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02163	−0.153%	$175K	$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	0.02213	+2.173%	$934	$1.2M	20x	as long as short
Extended SPK-USDlong	+0.0104%	1h	0.02166	long leg	$723	$147K	5x
BloFin SPK-USDT	+0.0156%	4h	0.02164	−0.090%	$189K	$31K	50x	as long as short
Kraken Futures PF_SPKUSD	+0.2745%	1h	0.02185	+0.870%	$23K	$28K	10x	as long as short