SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0688%/8h= −75.3% APRnext payment −$3.44 per $10,000 · paid last 24h −0.103%

Price spread now: Binance against KuCoin−0.312%7-day average −0.187% · you buy dearer than you sell

Net, funding: paid 7d − costs−$467as in the Funding arb table

Net, price: spread back to 7d avg − costs−$469as in the Price arb table

costs, in and out, $10k−$4574.566% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.312%, 7d avg −0.187%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Binance is 0.125% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.187%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.44 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	KuCoin SPKUSDTM	0.02174	0.0788	pay 0.0394% / 4h	3h 55m	$1.1M	$476K	30x
Short	Binance SPKUSDT	0.02167	0.0100	get 0.0050% / 4h	3h 55m	$3.7M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.312%Rate

Funding earned: −$144.48
Price spread: −0.312% → −0.187%: −$12.49
Slippage, 4 orders: −$434.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$613.55
Costs to cover: 4.566%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Binance: live order book, 13 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 KuCoin live order book, 10 min ago	6.90 bp	344.5 bp −$345	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.31 bp	22.3 bp −$22	54.6 bp −$546	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
Kraken Futures PF_SPKUSD	−0.0584%	1h	0.02172	−0.075%	$23K	$25K	10x	as long as short
Gate SPK_USDT	−0.0142%	4h	0.02169	−0.230%	$150K	$134K	50x	as long as short
Bybit SPKUSDT	−0.0126%	4h	0.02165	−0.400%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	−0.0045%	4h	0.02170	−0.199%	$16K	$76K	5x	as long as short
BloFin SPK-USDT	+0.0077%	4h	0.02164	−0.460%	$188K	$28K	50x	as long as short
Binance SPKUSDTshort	+0.0100%	4h	0.02167	−0.312%	$3.7M	$5.7M	50x
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02167	−0.322%	$763K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02167	−0.322%	$2.1M	$632K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02170	−0.184%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02166	−0.368%	—	$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	0.02166	−0.385%	$175K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02215	+1.886%	$651	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02164	−0.440%	$4K	$145K	5x	as long as short
KuCoin SPKUSDTMlong	+0.0788%	4h	0.02174	long leg	$1.1M	$476K	30x