SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0728%/8h= −79.7% APRnext payment −$3.64 per $10,000 · paid last 24h −0.160%

Price spread now: Gate against KuCoin−0.323%7-day average −0.155% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,409as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,402as in the Price arb table

costs, in and out, $10k−$1,38613.856% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.323%, 7d avg −0.155%

Together, before fees−0.045%−$4 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 Gate is 0.168% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.155%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.238% in total (about -12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.64 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	0.02170	0.0828	pay 0.0414% / 4h	3h 08m	$1.1M	$474K	30x
Short	Gate SPK_USDT	0.02163	0.0100	get 0.0050% / 4h	3h 08m	$150K	$135K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.323%Rate

Funding earned: −$152.88
Price spread: −0.323% → −0.155%: −$16.78
Slippage, 4 orders: −$1,358.6
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,555.26
Costs to cover: 13.856%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Gate: live order book, 38 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, 2 min ago	13.82 bp	207.4 bp −$207	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 38 min ago	4.61 bp	582.3 bp −$582	doesn't fit	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	−0.0583%	1h	0.02175	+0.213%	$23K	$25K	10x	as long as short
Bybit SPKUSDT	−0.0160%	4h	0.02160	−0.461%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	−0.0033%	4h	0.02161	−0.394%	$18K	$77K	5x	as long as short
BloFin SPK-USDT	+0.0091%	4h	0.02160	−0.461%	$186K	$27K	50x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02160	−0.461%	$3.7M	$5.6M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02161	−0.415%	$759K	$2.0M	20x	as long as short
Gate SPK_USDTshort	+0.0100%	4h	0.02163	−0.323%	$150K	$135K	50x
MEXC SPK_USDT	+0.0100%	4h	0.02161	−0.415%	$2.1M	$643K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02160	−0.461%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02162	−0.369%	—	$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	0.02162	−0.387%	$175K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02206	+1.659%	$912	$1.1M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02159	−0.489%	$489	$206K	5x	as long as short
KuCoin SPKUSDTMlong	+0.0828%	4h	0.02170	long leg	$1.1M	$474K	30x