SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0482%/8h= +52.8% APRnext payment +$2.41 per $10,000 · paid last 24h +0.010%

Price spread now: Bitget against Gate+0.093%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$737as in the Funding arb table

Net, price: spread back to 7d avg − costs−$737as in the Price arb table

costs, in and out, $10k−$7467.461% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.093%, 7d avg +0.002%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Bitget is 0.091% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.002%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.41 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	0.02155	−0.0382	get 0.0191% / 4h	56m 31s	$148K	$135K	50x
Short	Bitget SPKUSDT	0.02157	0.0100	get 0.0050% / 4h	56m 31s	$1.2M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.093%Rate

Funding earned: $101.22
Price spread: +0.093% → +0.002%: $9.13
Slippage, 4 orders: −$719.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$635.74
Costs to cover: 7.461%
Break-even: 51.0 days

Slippage from Gate: live order book, 59 min ago; Bitget: live order book, 5 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, 59 min ago	13.82 bp	536.8 bp −$537	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.66 bp	27.3 bp −$27	87.5 bp −$875	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	−0.0382%	4h	0.02155	long leg	$148K	$135K	50x
Aster SPKUSDT	−0.0147%	4h	0.02156	+0.037%	$13K	$74K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02157	+0.072%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02157	+0.093%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02158	+0.139%	$760K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02156	+0.046%	$2.1M	$636K	50x	as long as short
Bitget SPKUSDTshort	+0.0100%	4h	0.02157	+0.093%	$1.2M	$1.5M	50x
BingX SPK-USDT	+0.0100%	4h	0.02155	0.000%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02146	−0.415%	$174K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02200	+2.088%	$1K	$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	0.02155	+0.023%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0148%	4h	0.02152	−0.139%	$188K	$29K	50x	as long as short
KuCoin SPKUSDTM	+0.0390%	4h	0.02164	+0.418%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2098%	1h	0.02160	+0.244%	$22K	$25K	10x	as long as short