Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against MEXC+0.024%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.024%, 7d avg −0.022%

Together, before fees−0.016%+ Points / potential airdropExtended: Active · farm board−$2 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: Extended is 0.046% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SPK_USDT	0.02159	0.0100	pay 0.0050% / 4h	3h 09m	$2.1M	$643K	50x
Short	Extended SPK-USD	0.02160	0.0104	get 0.0013% / 1h	9m 19s	$2K	$212K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0.84
Price spread: +0.024% → −0.022%: $4.57
Slippage, 4 orders: −$68.79
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$72.38
Costs to cover: 0.778%
Break-even: 610.2 days

Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 41 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, 2 min ago	2.31 bp	7.0 bp −$7	38.2 bp −$382	212.0 bp −$21.2K	426.7 bp −$213.4K
Sell Extended live order book, 41 min ago	4.62 bp	31.5 bp −$32	225.2 bp −$2,252	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	−0.0584%	1h	0.02173	+0.636%	$23K	$25K	10x	as long as short
Bybit SPKUSDT	−0.0085%	4h	0.02159	0.000%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	−0.0033%	4h	0.02163	+0.164%	$18K	$77K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02159	+0.014%	$3.7M	$5.6M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02160	+0.046%	$759K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02164	+0.232%	$150K	$135K	50x	as long as short
MEXC SPK_USDTlong	+0.0100%	4h	0.02159	long leg	$2.1M	$643K	50x
Bitget SPKUSDT	+0.0100%	4h	0.02162	+0.139%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02160	+0.046%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02162	+0.120%	$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	0.02208	+2.270%	$778	$1.1M	20x	as long as short
Extended SPK-USDshort	+0.0104%	1h	0.02160	+0.024%	$2K	$212K	5x
BloFin SPK-USDT	+0.0151%	4h	0.02163	+0.185%	$187K	$27K	50x	as long as short
KuCoin SPKUSDTM	+0.0832%	4h	0.02169	+0.463%	$1.1M	$474K	30x	as long as short