SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0364%/8h= +39.9% APRnext payment +$1.82 per $10,000 · paid last 24h +0.013%

Price spread now: BingX against Gate+0.046%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,168as in the Price arb table

costs, in and out, $10k−$1,17411.738% of the position

Long on Gate Short on BingX

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)−0.062%−$6 · spread now +0.046%, 7d avg −0.017%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BingX is 0.062% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.017%.

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 +$1.82 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	0.02177	−0.0264	get 0.0132% / 4h	2h 33m	$142K	$131K	50x
Short	BingX SPK-USDT	0.02178	0.0100	get 0.0050% / 4h	2h 33m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $76.44
Price spread: +0.046% → −0.017%: $6.24
Slippage, 4 orders: −$1,148.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1,091.08
Costs to cover: 11.738%
Break-even: 106.9 days

Slippage from Gate: live order book, 28 min ago; BingX: live order book, 6 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, 28 min ago	9.25 bp	655.8 bp −$656	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.63 bp	28.9 bp −$29	90.2 bp −$902	doesn't fit	doesn't fit

SPK on 13 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	−0.0264%	4h	0.02177	long leg	$142K	$131K	50x
Aster SPKUSDT	+0.0063%	4h	0.02178	+0.026%	$9K	$66K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02177	+0.020%	$3.8M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02178	+0.046%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02178	+0.046%	$768K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02178	+0.046%	$2.1M	$640K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02178	+0.046%	$942K	$413K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02178	+0.046%	$1.3M	$1.4M	50x	as long as short
BingX SPK-USDTshort	+0.0100%	4h	0.02178	+0.046%	—	$2.3M	—
Variational Omni SPK	+0.0100%	4h	0.02178	+0.053%	$165K	$66K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPK-USDT	+0.0100%	4h	0.02227	+2.297%	$875	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02177	−0.006%	$1K	$141K	5x	as long as short
Kraken Futures PF_SPKUSD	+0.0800%	1h	0.02193	+0.722%	$23K	$28K	10x	as long as short