Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against MEXC+2.095%53s7-day average +2.148% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +2.095%, 7d avg +2.148%

Together, before fees−0.074%−$7 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: SunX is 0.053% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +2.148%. The two prices were read 53 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	0.02148	0.0100	pay 0.0050% / 4h	2h 15m	$2.1M	$645K	50x
Short	SunX SPK-USDT	0.02193	0.0100	get 0.0050% / 4h	2h 15m	$1K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.095%Rate

Funding earned: $0
Price spread: +2.095% → +2.148%: −$5.28
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$17.28
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 min ago; SunX: live order book, 8 min ago. Net counts fees only.

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, 1 min ago	2.33 bp	6.8 bp −$7	36.9 bp −$369	180.6 bp −$18.1K	485.5 bp −$242.8K
Sell SunX live order book, 8 min ago	279.05 bp	doesn't fit	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
Bybit SPKUSDT	+0.0037%	4h	0.02146	−0.079%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	+0.0043%	4h	0.02149	+0.049%	$18K	$81K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02148	−0.013%	$3.8M	$5.8M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02148	0.000%	$734K	$2.1M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02149	+0.047%	$147K	$136K	50x	as long as short
MEXC SPK_USDTlong	+0.0100%	4h	0.02148	long leg	$2.1M	$645K	50x
Bitget SPKUSDT	+0.0100%	4h	0.02147	−0.047%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02149	+0.047%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02146	−0.086%	$169K	$82K	—	as long as short
SunX SPK-USDTshort	+0.0100%	4h	0.02193	+2.095%	$1K	$1.2M	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SPK-USD	+0.0104%	1h	0.02147	−0.026%	$3K	$188K	5x	as long as short
BloFin SPK-USDT	+0.0138%	4h	0.02151	+0.140%	$186K	$25K	50x	as long as short
KuCoin SPKUSDTM	+0.0808%	4h	0.02158	+0.466%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.0920%	1h	0.02154	+0.272%	$22K	$25K	10x	as long as short