Funding arb · Price arb /

SPK

all SPK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0628%/8h= +68.8% APRpaid last 24h +0.014%

Price spread now: Extended against Gate+0.090%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$754as in the Funding arb table

Net, price: spread back to 7d avg − costs−$748as in the Price arb table

costs, in and out, $10k−$7647.637% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.090%, 7d avg −0.066%

Together, before fees+0.019%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Extended is 0.156% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.066%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% a year). A funding rate is set anew for every payment. 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	0.02164	−0.0524	get 0.0262% / 4h	1h 44m	$141K	$130K	50x
Short	Extended SPK-USD	0.02166	0.0104	get 0.0013% / 1h	44m 55s	$723	$147K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.090%Rate

Funding earned: $131.88
Price spread: +0.090% → −0.066%: $15.56
Slippage, 4 orders: −$743.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$616.3
Costs to cover: 7.637%
Break-even: 39.7 days

Slippage from Gate: live order book, 11 min ago; Extended: live order book, 16 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, 11 min ago	13.82 bp	536.8 bp −$537	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 16 min ago	5.06 bp	33.6 bp −$34	222.5 bp −$2,225	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	−0.0524%	4h	0.02164	long leg	$141K	$130K	50x
Aster SPKUSDT	−0.0131%	4h	0.02167	+0.143%	$12K	$72K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02164	+0.004%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02167	+0.152%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02168	+0.185%	$764K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02166	+0.092%	$2.2M	$641K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02174	+0.462%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02167	+0.139%	$1.2M	$1.5M	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	0.02163	−0.064%	$175K	$76K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPK-USDT	+0.0100%	4h	0.02213	+2.264%	$934	$1.2M	20x	as long as short
Extended SPK-USDshort	+0.0104%	1h	0.02166	+0.090%	$723	$147K	5x
BloFin SPK-USDT	+0.0156%	4h	0.02164	0.000%	$189K	$31K	50x	as long as short
Kraken Futures PF_SPKUSD	+0.2745%	1h	0.02185	+0.961%	$23K	$28K	10x	as long as short