Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.5415%/8h= +592.9% APRpaid last 24h +0.256%

Price spread now: Kraken Futures against KuCoin+0.267%52s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$162 a day on $10k at the current rate, and Kraken Futures is 0.267% dearer against KuCoin than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SPKUSDTM	0.02165	0.0654	pay 0.0327% / 4h	3h 44m	$1.1M	$452K	30x
Short	Kraken Futures PF_SPKUSD	0.02171	0.6069	get 0.0759% / 1h	44m 19s	$23K	$25K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.267%Rate

Funding earned: $1,137.15
Price spread: +0.267% → 0.000%: $26.67
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1,141.82
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 10 min ago; Kraken Futures: no order-book sample. 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 KuCoin live order book, 10 min ago	13.86 bp	315.8 bp −$316	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0114%	4h	0.02154	−0.508%	$1.8M	$2.3M	25x	as long as short
Gate SPK_USDT	+0.0036%	4h	0.02158	−0.323%	$145K	$145K	50x	as long as short
Aster SPKUSDT	+0.0076%	4h	0.02157	−0.347%	$18K	$81K	5x	as long as short
BloFin SPK-USDT	+0.0090%	4h	0.02155	−0.462%	$186K	$21K	50x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02156	−0.416%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02156	−0.416%	$733K	$2.1M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02155	−0.462%	$2.0M	$651K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02157	−0.370%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02157	−0.370%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02154	−0.501%	$170K	$82K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPK-USDT	+0.0100%	4h	0.02204	+1.801%	$805	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02155	−0.466%	$4K	$197K	5x	as long as short
KuCoin SPKUSDTMlong	+0.0654%	4h	0.02165	long leg	$1.1M	$452K	30x
Kraken Futures PF_SPKUSDshort	+0.6069%	1h	0.02171	+0.267%	$23K	$25K	10x