SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0790%/8h= +86.5% APRnext payment +$3.95 per $10,000 · paid last 24h +0.116%

Price spread now: KuCoin against Gate+0.372%7-day average +0.152% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,296as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,294as in the Price arb table

costs, in and out, $10k−$1,31613.156% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 4 days (all we have)−0.202%−$20 · spread now +0.372%, 7d avg +0.152%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and KuCoin is 0.220% dearer against Gate than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.152%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.194% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.95 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	0.02150	−0.0366	get 0.0183% / 4h	49m 06s	$148K	$136K	50x
Short	KuCoin SPKUSDTM	0.02158	0.0424	get 0.0212% / 4h	49m 06s	$1.1M	$476K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.372%Rate

Funding earned: $165.9
Price spread: +0.372% → +0.152%: $21.97
Slippage, 4 orders: −$1,288.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,127.76
Costs to cover: 13.156%
Break-even: 54.6 days

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 1 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, 2 min ago	6.98 bp	425.1 bp −$425	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	16.23 bp	79.7 bp −$80	doesn't fit	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	−0.0366%	4h	0.02150	long leg	$148K	$136K	50x
Aster SPKUSDT	−0.0141%	4h	0.02148	−0.093%	$13K	$74K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02145	−0.216%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02146	−0.205%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02144	−0.279%	$753K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02145	−0.233%	$2.1M	$636K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02148	−0.093%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02147	−0.140%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02149	−0.041%	$174K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02193	+2.000%	$1K	$1.1M	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	0.02145	−0.249%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0131%	4h	0.02146	−0.186%	$187K	$29K	50x	as long as short
KuCoin SPKUSDTMshort	+0.0424%	4h	0.02158	+0.372%	$1.1M	$476K	30x
Kraken Futures PF_SPKUSD	+0.2111%	1h	0.02148	−0.113%	$22K	$25K	10x	as long as short