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 −0.002%

Price spread now: Bitget against MEXC+0.092%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$730.731% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.110%−$11 · spread now +0.092%, 7d avg +0.029%

Together, before fees−0.113%−$11 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 0.063% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SPK_USDT	0.02163	0.0100	pay 0.0050% / 4h	1h 43m	$2.2M	$641K	50x
Short	Bitget SPKUSDT	0.02165	0.0100	get 0.0050% / 4h	1h 43m	$1.2M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.029%: $6.32
Slippage, 4 orders: −$57.12
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$66.8
Costs to cover: 0.731%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 3 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 MEXC live order book, 3 min ago	4.63 bp	7.9 bp −$8	35.5 bp −$355	212.6 bp −$21.3K	433.1 bp −$216.6K
Sell Bitget live order book, 3 min ago	6.94 bp	33.6 bp −$34	98.4 bp −$984	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	−0.0522%	4h	0.02163	0.000%	$141K	$130K	50x	as long as short
Aster SPKUSDT	−0.0127%	4h	0.02166	+0.139%	$12K	$72K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02164	+0.046%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02164	+0.046%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02164	+0.046%	$761K	$2.0M	20x	as long as short
MEXC SPK_USDTlong	+0.0100%	4h	0.02163	long leg	$2.2M	$641K	50x
KuCoin SPKUSDTM	+0.0100%	4h	0.02173	+0.462%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDTshort	+0.0100%	4h	0.02165	+0.092%	$1.2M	$1.5M	50x
BingX SPK-USDT	+0.0100%	4h	0.02165	+0.092%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02163	−0.017%	$175K	$76K	—	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	0.02210	+2.173%	$739	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02162	−0.026%	$723	$147K	5x	as long as short
BloFin SPK-USDT	+0.0156%	4h	0.02164	+0.046%	$189K	$31K	50x	as long as short
Kraken Futures PF_SPKUSD	+0.2752%	1h	0.02179	+0.759%	$23K	$28K	10x	as long as short