SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0612%/8h= −67.0% APRnext payment −$3.06 per $10,000 · paid last 24h −0.013%

Price spread now: Gate against MEXC−0.046%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$720as in the Funding arb table

Net, price: spread back to 7d avg − costs−$720as in the Price arb table

costs, in and out, $10k−$7117.107% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.046%, 7d avg +0.044%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Gate is 0.090% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.044%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.06 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	MEXC SPK_USDT	0.02172	0.0100	pay 0.0050% / 4h	1h 42m	$2.2M	$641K	50x
Short	Gate SPK_USDT	0.02171	−0.0512	pay 0.0256% / 4h	1h 42m	$141K	$130K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: −$128.52
Price spread: −0.046% → +0.044%: −$9.02
Slippage, 4 orders: −$691.74
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$848.28
Costs to cover: 7.107%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 13 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, 4 min ago	4.63 bp	7.9 bp −$8	35.5 bp −$355	212.6 bp −$21.3K	433.1 bp −$216.6K
Sell Gate live order book, 13 min ago	13.82 bp	158.3 bp −$158	doesn't fit	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_USDTshort	−0.0512%	4h	0.02171	−0.046%	$141K	$130K	50x
Aster SPKUSDT	−0.0125%	4h	0.02173	+0.024%	$12K	$72K	5x	as long as short
BloFin SPK-USDT	+0.0082%	4h	0.02162	−0.460%	$189K	$31K	50x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02172	0.000%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02173	+0.023%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02173	+0.046%	$767K	$2.0M	20x	as long as short
MEXC SPK_USDTlong	+0.0100%	4h	0.02172	long leg	$2.2M	$641K	50x
KuCoin SPKUSDTM	+0.0100%	4h	0.02182	+0.460%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02174	+0.092%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02174	+0.092%	—	$2.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPK	+0.0100%	4h	0.02163	−0.432%	$175K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02214	+1.934%	$1K	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02171	−0.027%	$723	$147K	5x	as long as short
Kraken Futures PF_SPKUSD	+0.2746%	1h	0.02184	+0.539%	$23K	$28K	10x	as long as short