SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0734%/8h= −80.4% APRnext payment −$3.67 per $10,000 · paid last 24h −0.137%

Price spread now: MEXC against KuCoin−0.459%7-day average −0.198% · you buy dearer than you sell

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$339as in the Price arb table

costs, in and out, $10k−$3123.125% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.459%, 7d avg −0.198%

Together, before fees+0.145%+$14 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 MEXC is 0.261% cheaper against KuCoin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.198%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.67 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	0.02179	0.0834	pay 0.0417% / 4h	2h 51m	$1.1M	$474K	30x
Short	MEXC SPK_USDT	0.02169	0.0100	get 0.0050% / 4h	2h 51m	$2.1M	$638K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.459%Rate

Funding earned: −$154.14
Price spread: −0.459% → −0.198%: −$26.06
Slippage, 4 orders: −$296.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$492.66
Costs to cover: 3.125%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; MEXC: live order book, 1 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, 9 min ago	18.43 bp	227.6 bp −$228	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.31 bp	6.8 bp −$7	39.6 bp −$396	182.2 bp −$18.2K	451.5 bp −$225.7K

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	−0.0208%	4h	0.02169	−0.454%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	+0.0014%	4h	0.02170	−0.421%	$19K	$77K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02171	−0.367%	$3.7M	$5.6M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02170	−0.413%	$761K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02172	−0.321%	$150K	$133K	50x	as long as short
MEXC SPK_USDTshort	+0.0100%	4h	0.02169	−0.459%	$2.1M	$638K	50x
Bitget SPKUSDT	+0.0100%	4h	0.02169	−0.459%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02169	−0.459%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02163	−0.752%	$175K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02210	+1.423%	$745	$1.1M	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	0.02170	−0.394%	$489	$195K	5x	as long as short
BloFin SPK-USDT	+0.0155%	4h	0.02160	−0.872%	$186K	$25K	50x	as long as short
KuCoin SPKUSDTMlong	+0.0834%	4h	0.02179	long leg	$1.1M	$474K	30x
Kraken Futures PF_SPKUSD	+0.0910%	1h	0.02179	+0.004%	$23K	$25K	10x	as long as short