Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2190%/8h= +239.8% APRpaid last 24h +0.424%

Price spread now: Kraken Futures against Gate+0.119%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$66 a day on $10k at the current rate, and Kraken Futures is 0.119% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPK_USDT	0.02170	−0.0104	get 0.0052% / 4h	3h 59m	$150K	$136K	50x
Short	Kraken Futures PF_SPKUSD	0.02173	0.2086	get 0.0261% / 1h	59m 49s	$23K	$25K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.119%Rate

Funding earned: $459.96
Price spread: +0.119% → 0.000%: $11.87
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $446.82
Costs to cover: 0.250%
Break-even: 0.2 days

Slippage unknown: Gate: live order book, 51 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 51 min ago	6.98 bp	425.1 bp −$425	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0104%	4h	0.02170	long leg	$150K	$136K	50x
Aster SPKUSDT	−0.0044%	4h	0.02171	+0.046%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02169	−0.046%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02170	0.000%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02170	0.000%	$764K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02168	−0.092%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02168	−0.092%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02169	−0.046%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02170	−0.017%	$176K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02217	+2.166%	$961	$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	0.02168	−0.114%	$4K	$145K	5x	as long as short
BloFin SPK-USDT	+0.0134%	4h	0.02171	+0.046%	$188K	$28K	50x	as long as short
KuCoin SPKUSDTM	+0.0778%	4h	0.02178	+0.369%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSDshort	+0.2086%	1h	0.02173	+0.119%	$23K	$25K	10x