Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.102%

Price spread now: KuCoin against Extended+0.443%7-day average +0.216% · you sell dearer than you buy

Net, funding: paid 7d − costs−$313as in the Funding arb table

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$3223.223% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$10 on $10k

Price spread, last 4 days (all we have)−0.258%−$26 · spread now +0.443%, 7d avg +0.216%

Together, before fees−0.163%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.227% dearer against Extended than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.216%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPK-USD	0.02165	0.0104	pay 0.0013% / 1h	37m 10s	$723	$147K	5x
Short	KuCoin SPKUSDTM	0.02175	0.0100	get 0.0050% / 4h	1h 37m	$1.1M	$476K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now +0.443%Rate

Funding earned: −$0.84
Price spread: +0.443% → +0.216%: $22.7
Slippage, 4 orders: −$305.26
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$300.4
Costs to cover: 3.223%
Break-even: never at this rate

Slippage from Extended: live order book, 24 min ago; KuCoin: 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 Extended live order book, 24 min ago	5.06 bp	35.0 bp −$35	232.9 bp −$2,329	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	11.49 bp	72.6 bp −$73	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_USDT	−0.0546%	4h	0.02168	+0.120%	$141K	$131K	50x	as long as short
Aster SPKUSDT	−0.0143%	4h	0.02169	+0.166%	$12K	$72K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02168	+0.120%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02169	+0.166%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02169	+0.166%	$763K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02169	+0.166%	$2.2M	$642K	50x	as long as short
KuCoin SPKUSDTMshort	+0.0100%	4h	0.02175	+0.443%	$1.1M	$476K	30x
Bitget SPKUSDT	+0.0100%	4h	0.02169	+0.166%	$1.3M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02167	+0.074%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02171	+0.239%	$176K	$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	0.02214	+2.244%	$770	$1.2M	20x	as long as short
Extended SPK-USDlong	+0.0104%	1h	0.02165	long leg	$723	$147K	5x
BloFin SPK-USDT	+0.0112%	4h	0.02169	+0.166%	$188K	$31K	50x	as long as short
Kraken Futures PF_SPKUSD	+0.2750%	1h	0.02181	+0.700%	$23K	$28K	10x	as long as short