Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: OKX against Extended−0.020%7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1311.306% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.020%, 7d avg +0.042%

Together, before fees+0.108%+ Points / potential airdropExtended: Active · farm board+$11 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: OKX is 0.062% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended SPK-USD	0.02164	0.0104	pay 0.0013% / 1h	58m 30s	$4K	$145K	5x
Short	OKX SPK-USDT-SWAP	0.02164	0.0100	get 0.0050% / 4h	3h 58m	$762K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$0.84
Price spread: −0.020% → +0.042%: −$6.24
Slippage, 4 orders: −$115.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$137.65
Costs to cover: 1.306%
Break-even: never at this rate

Slippage from Extended: live order book, 57 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 Extended live order book, 57 min ago	4.18 bp	33.2 bp −$33	244.9 bp −$2,449	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	4.61 bp	32.3 bp −$32	249.5 bp −$2,495	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
Kraken Futures PF_SPKUSD	−0.0584%	1h	0.02172	+0.352%	$23K	$25K	10x	as long as short
Gate SPK_USDT	−0.0296%	4h	0.02168	+0.165%	$150K	$134K	50x	as long as short
Bybit SPKUSDT	−0.0171%	4h	0.02165	+0.035%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	−0.0037%	4h	0.02168	+0.151%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02165	+0.026%	$3.7M	$5.6M	50x	as long as short
OKX SPK-USDT-SWAPshort	+0.0100%	4h	0.02164	−0.020%	$762K	$2.0M	20x
MEXC SPK_USDT	+0.0100%	4h	0.02165	+0.026%	$2.1M	$632K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02166	+0.072%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02166	+0.072%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02170	+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	0.02213	+2.244%	$946	$1.2M	20x	as long as short
Extended SPK-USDlong	+0.0104%	1h	0.02164	long leg	$4K	$145K	5x
BloFin SPK-USDT	+0.0115%	4h	0.02164	−0.020%	$187K	$28K	50x	as long as short
KuCoin SPKUSDTM	+0.0786%	4h	0.02175	+0.488%	$1.1M	$476K	30x	as long as short