Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.023%

Price spread now: Variational Omni against Gate+0.406%7-day average −0.054% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.406%, 7d avg −0.054%

Together, before fees−0.206%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.460% dearer against Gate than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SPK_USDT	0.02137	0.0100	pay 0.0050% / 4h	2h 31m	$146K	$135K	50x
Short	Variational Omni SPK	0.02146	0.0100	get 0.0050% / 4h	2h 31m	$169K	$82K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.406%Rate

Funding earned: $0
Price spread: +0.406% → −0.054%: $45.95
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $30.95
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 9 min ago; Variational Omni: RFQ quote, 17 min ago. 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, 9 min ago	14.00 bp	569.2 bp −$569	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 17 min ago	11.52 bp	doesn't fit	168.2 bp −$1,682	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 SPKUSDT	−0.0179%	4h	0.02134	−0.140%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	0.0000%	4h	0.02138	+0.068%	$18K	$80K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02134	−0.118%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02135	−0.094%	$733K	$2.0M	20x	as long as short
Gate SPK_USDTlong	+0.0100%	4h	0.02137	long leg	$146K	$135K	50x
MEXC SPK_USDT	+0.0100%	4h	0.02135	−0.094%	$2.1M	$640K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02137	0.000%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02136	−0.047%	—	$2.3M	—	as long as short
Variational Omni SPKshort	+0.0100%	4h	0.02146	+0.406%	$169K	$82K	—
SunX SPK-USDT	+0.0100%	4h	0.02183	+2.153%	$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	0.02134	−0.123%	$484	$190K	5x	as long as short
BloFin SPK-USDT	+0.0115%	4h	0.02131	−0.281%	$186K	$25K	50x	as long as short
KuCoin SPKUSDTM	+0.0804%	4h	0.02145	+0.374%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.0923%	1h	0.02147	+0.466%	$22K	$25K	10x	as long as short