Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: SunX against Extended+2.215%7-day average +2.172% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on SunX

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)−0.224%−$22 · spread now +2.215%, 7d avg +2.172%

Together, before fees−0.232%+ Points / potential airdropExtended: Active · farm board−$23 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: SunX is 0.042% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +2.172%.

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 15s	$4K	$145K	5x
Short	SunX SPK-USDT	0.02217	0.0100	get 0.0050% / 4h	0m 15s	$961	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.215%Rate

Funding earned: −$0.84
Price spread: +2.215% → +2.172%: $4.23
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$9.61
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 55 min ago; SunX: live order book, 3 min ago. Net counts fees only.

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 SunX live order book, 3 min ago	277.34 bp	doesn't fit	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	−0.0104%	4h	0.02170	+0.048%	$150K	$136K	50x	as long as short
Aster SPKUSDT	−0.0044%	4h	0.02172	+0.140%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02170	+0.042%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02169	+0.002%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02168	−0.045%	$765K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02167	−0.091%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02169	+0.002%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02169	+0.002%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02170	+0.030%	$176K	$76K	—	as long as short
SunX SPK-USDTshort	+0.0100%	4h	0.02217	+2.215%	$961	$1.2M	20x

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-USDT	+0.0134%	4h	0.02171	+0.094%	$188K	$28K	50x	as long as short
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	+0.166%	$23K	$25K	10x	as long as short