SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0038%/8h= −4.2% APRnext payment −$0.19 per $10,000 · paid last 24h +0.002%

Price spread now: BloFin against MEXC+0.557%79s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$580.583% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.613%−$61 · spread now +0.557%, 7d avg +0.002%

Together, before fees−0.615%−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.555% dearer against MEXC than usual: you sell high and buy low (spread +0.557% now, against its 7-day average of +0.002%): +$56 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 49 days. At the pace of the last 7 days (−0.002% in total) that is about years. The two prices were read 79 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	MEXC SPK_USDT	0.02154	0.0100	pay 0.0050% / 4h	3h 53m	$2.0M	$651K	50x
Short	BloFin SPK-USDT	0.02166	0.0062	get 0.0031% / 4h	3h 53m	$189K	$21K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.557%Rate

Funding earned: −$7.97
Price spread: +0.557% → +0.002%: $55.51
Slippage, 4 orders: −$42.32
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.77
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 11 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	2.31 bp	5.7 bp −$6	39.6 bp −$396	217.5 bp −$21.7K	481.3 bp −$240.6K
Sell BloFin live order book, 11 min ago	2.30 bp	11.0 bp −$11	44.0 bp −$440	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	−0.1068%	4h	0.02155	+0.046%	$145K	$145K	50x	as long as short
Bybit SPKUSDT	−0.0567%	4h	0.02155	+0.046%	$1.8M	$2.3M	25x	as long as short
BloFin SPK-USDTshort	+0.0062%	4h	0.02166	+0.557%	$189K	$21K	50x
Aster SPKUSDT	+0.0068%	4h	0.02155	+0.043%	$18K	$81K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02154	+0.018%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02154	0.000%	$732K	$2.1M	20x	as long as short
MEXC SPK_USDTlong	+0.0100%	4h	0.02154	long leg	$2.0M	$651K	50x
Bitget SPKUSDT	+0.0100%	4h	0.02157	+0.139%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02156	+0.093%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02160	+0.262%	$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	+2.321%	$917	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02154	+0.018%	$4K	$197K	5x	as long as short
KuCoin SPKUSDTM	+0.0656%	4h	0.02162	+0.371%	$1.1M	$453K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.6060%	1h	0.02174	+0.923%	$23K	$25K	10x	as long as short