SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0612%/8h= +67.0% APRnext payment +$3.06 per $10,000 · paid last 24h +0.013%

Price spread now: OKX against Gate+0.138%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$744as in the Funding arb table

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

costs, in and out, $10k−$7537.529% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.138%, 7d avg −0.024%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and OKX is 0.162% dearer against Gate than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.024%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.06 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	0.02171	−0.0512	get 0.0256% / 4h	1h 42m	$141K	$130K	50x
Short	OKX SPK-USDT-SWAP	0.02174	0.0100	get 0.0050% / 4h	1h 42m	$766K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $128.52
Price spread: +0.138% → −0.024%: $16.22
Slippage, 4 orders: −$727.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$608.15
Costs to cover: 7.529%
Break-even: 40.1 days

Slippage from Gate: live order book, 13 min ago; OKX: live order book, 4 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, 13 min ago	13.82 bp	536.8 bp −$537	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	6.95 bp	27.5 bp −$27	168.6 bp −$1,686	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	−0.0512%	4h	0.02171	long leg	$141K	$130K	50x
Aster SPKUSDT	−0.0125%	4h	0.02172	+0.026%	$12K	$72K	5x	as long as short
BloFin SPK-USDT	+0.0082%	4h	0.02162	−0.415%	$189K	$31K	50x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02172	+0.046%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02173	+0.069%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAPshort	+0.0100%	4h	0.02174	+0.138%	$766K	$2.0M	20x
MEXC SPK_USDT	+0.0100%	4h	0.02172	+0.046%	$2.2M	$641K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02182	+0.507%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02174	+0.138%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02174	+0.138%	—	$2.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPK	+0.0100%	4h	0.02163	−0.386%	$175K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02214	+1.981%	$1K	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02171	+0.019%	$723	$147K	5x	as long as short
Kraken Futures PF_SPKUSD	+0.2746%	1h	0.02184	+0.585%	$23K	$28K	10x	as long as short