SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0222%/8h= +24.3% APRnext payment +$1.11 per $10,000 · paid last 24h +0.013%

Price spread now: Binance against Gate−0.169%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$916as in the Funding arb table

Net, price: spread back to 7d avg − costs−$938as in the Price arb table

costs, in and out, $10k−$9259.246% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.205%+$20 · spread now −0.169%, 7d avg −0.035%

Together, before fees+0.295%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.134% cheaper against Gate than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of −0.035%). If the spread goes back, that is −$13 on $10k: about 2.0 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.090% in total) that is about 10 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.11 per $10,000. 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	Gate SPK_USDT	0.02168	−0.0122	get 0.0061% / 4h	4m 41s	$150K	$136K	50x
Short	Binance SPKUSDT	0.02164	0.0100	get 0.0050% / 4h	4m 41s	$3.7M	$5.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.169%Rate

Funding earned: $46.62
Price spread: −0.169% → −0.035%: −$13.42
Slippage, 4 orders: −$899.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$891.4
Costs to cover: 9.246%
Break-even: 140.8 days

Slippage from Gate: live order book, 46 min ago; Binance: 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 Gate live order book, 46 min ago	6.98 bp	425.1 bp −$425	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.31 bp	22.3 bp −$22	54.6 bp −$546	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_USDTlong	−0.0122%	4h	0.02168	long leg	$150K	$136K	50x
Aster SPKUSDT	−0.0052%	4h	0.02167	−0.037%	$16K	$76K	5x	as long as short
Binance SPKUSDTshort	+0.0100%	4h	0.02164	−0.169%	$3.7M	$5.6M	50x
Bybit SPKUSDT	+0.0100%	4h	0.02164	−0.175%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02164	−0.185%	$764K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02164	−0.185%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02168	0.000%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02166	−0.092%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02166	−0.087%	$176K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02212	+2.030%	$906	$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-USD	+0.0104%	1h	0.02164	−0.198%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0111%	4h	0.02169	+0.046%	$187K	$30K	50x	as long as short
KuCoin SPKUSDTM	+0.0762%	4h	0.02175	+0.323%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2088%	1h	0.02170	+0.108%	$23K	$25K	10x	as long as short