SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0279%/8h= −30.5% APRnext payment −$1.39 per $10,000 · paid last 24h +0.023%

Price spread now: Bybit against Gate−0.187%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,182as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,193as in the Price arb table

costs, in and out, $10k−$1,17911.791% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.187%, 7d avg −0.048%

Together, before fees+0.055%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.140% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.048%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.39 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	0.02138	0.0100	pay 0.0050% / 4h	2h 32m	$146K	$135K	50x
Short	Bybit SPKUSDT	0.02134	−0.0179	pay 0.0089% / 4h	2h 32m	$1.8M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.187%Rate

Funding earned: −$58.52
Price spread: −0.187% → −0.048%: −$13.95
Slippage, 4 orders: −$1,153.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,251.53
Costs to cover: 11.791%
Break-even: never at this rate

Slippage from Gate: live order book, 9 min ago; Bybit: live order book, 10 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, 9 min ago	14.00 bp	569.2 bp −$569	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 10 min ago	4.66 bp	35.4 bp −$35	164.3 bp −$1,643	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
Bybit SPKUSDTshort	−0.0179%	4h	0.02134	−0.187%	$1.8M	$2.2M	25x
Aster SPKUSDT	0.0000%	4h	0.02138	+0.017%	$18K	$80K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02135	−0.138%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02136	−0.094%	$733K	$2.0M	20x	as long as short
Gate SPK_USDTlong	+0.0100%	4h	0.02138	long leg	$146K	$135K	50x
MEXC SPK_USDT	+0.0100%	4h	0.02134	−0.187%	$2.1M	$640K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02137	−0.047%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02135	−0.140%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02146	+0.359%	$169K	$82K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02183	+2.105%	$825	$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	0.02136	−0.104%	$484	$190K	5x	as long as short
BloFin SPK-USDT	+0.0115%	4h	0.02131	−0.327%	$186K	$25K	50x	as long as short
KuCoin SPKUSDTM	+0.0804%	4h	0.02145	+0.327%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.0923%	1h	0.02147	+0.419%	$22K	$25K	10x	as long as short