Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.104%

Price spread now: Bitget against KuCoin−0.092%7-day average −0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$650as in the Funding arb table

Net, price: spread back to 7d avg − costs−$634as in the Price arb table

costs, in and out, $10k−$6406.396% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.092%, 7d avg −0.144%

Together, before fees−0.128%−$13 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: Bitget is 0.053% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPKUSDTM	0.02182	0.0100	pay 0.0050% / 4h	3h 14m	$942K	$414K	30x
Short	Bitget SPKUSDT	0.02180	0.0100	get 0.0050% / 4h	3h 14m	$1.3M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.144%: $5.28
Slippage, 4 orders: −$615.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$634.35
Costs to cover: 6.396%
Break-even: never at this rate

Slippage from KuCoin: live order book, 40 min ago; Bitget: live order book, 2 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, 40 min ago	9.31 bp	174.0 bp −$174	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	6.89 bp	22.2 bp −$22	83.9 bp −$839	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
BloFin SPK-USDT	+0.0049%	4h	0.02176	−0.275%	$191K	$30K	50x	as long as short
Aster SPKUSDT	+0.0100%	4h	0.02179	−0.129%	$10K	$64K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02180	−0.092%	$3.8M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02182	−0.023%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02179	−0.137%	$765K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02177	−0.229%	$143K	$137K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02179	−0.137%	$2.1M	$642K	50x	as long as short
KuCoin SPKUSDTMlong	+0.0100%	4h	0.02182	long leg	$942K	$414K	30x
Bitget SPKUSDTshort	+0.0100%	4h	0.02180	−0.092%	$1.3M	$1.5M	50x
BingX SPK-USDT	+0.0100%	4h	0.02180	−0.092%	—	$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	0.02176	−0.268%	$165K	$65K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02224	+1.925%	$702	$1.1M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02178	−0.177%	$2K	$143K	5x	as long as short
Kraken Futures PF_SPKUSD	+0.1030%	1h	0.02181	−0.055%	$23K	$29K	10x	as long as short