SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0741%/8h= −81.1% APRnext payment −$3.70 per $10,000 · paid last 24h −0.137%

Price spread now: Bybit against KuCoin−0.276%7-day average −0.211% · you buy dearer than you sell

Net, funding: paid 7d − costs−$497as in the Funding arb table

Net, price: spread back to 7d avg − costs−$477as in the Price arb table

costs, in and out, $10k−$4704.705% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.276%, 7d avg −0.211%

Together, before fees−0.234%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Bybit is 0.065% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.211%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.264% in total (about -13.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.70 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	0.02177	0.0758	pay 0.0379% / 4h	41m 21s	$1.1M	$469K	30x
Short	Bybit SPKUSDT	0.02171	0.0017	get 0.0009% / 4h	41m 21s	$1.8M	$2.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.276%Rate

Funding earned: −$155.54
Price spread: −0.276% → −0.211%: −$6.48
Slippage, 4 orders: −$447.49
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$632.52
Costs to cover: 4.705%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, just now.

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, 3 min ago	16.05 bp	323.6 bp −$324	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, just now	4.61 bp	40.4 bp −$40	152.2 bp −$1,522	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_USDT	−0.0036%	4h	0.02172	−0.230%	$147K	$140K	50x	as long as short
Bybit SPKUSDTshort	+0.0017%	4h	0.02171	−0.276%	$1.8M	$2.3M	25x
Aster SPKUSDT	+0.0100%	4h	0.02173	−0.205%	$19K	$81K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02172	−0.246%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02172	−0.230%	$743K	$2.1M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02172	−0.230%	$2.1M	$643K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02172	−0.230%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02172	−0.230%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02168	−0.410%	$171K	$82K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02220	+1.975%	$791	$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	0.02172	−0.230%	$4K	$188K	5x	as long as short
BloFin SPK-USDT	+0.0125%	4h	0.02172	−0.230%	$187K	$24K	50x	as long as short
KuCoin SPKUSDTMlong	+0.0758%	4h	0.02177	long leg	$1.1M	$469K	30x
Kraken Futures PF_SPKUSD	+0.2411%	1h	0.02190	+0.599%	$23K	$25K	10x	as long as short