Funding arb · Price arb /

SPK

all SPK markets

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: Binance against OKX−0.092%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1051.052% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.074%+$7 · spread now −0.092%, 7d avg −0.003%

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: Binance is 0.089% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPK-USDT-SWAP	0.02172	0.0100	pay 0.0050% / 4h	1m 49s	$741K	$2.1M	20x
Short	Binance SPKUSDT	0.02170	0.0100	get 0.0050% / 4h	1m 49s	$3.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.003%: −$8.91
Slippage, 4 orders: −$85.2
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$114.12
Costs to cover: 1.052%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Binance: live order book, 6 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 OKX live order book, 5 min ago	4.59 bp	34.2 bp −$34	986.1 bp −$9,861	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.30 bp	21.4 bp −$21	86.3 bp −$863	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	−0.0160%	4h	0.02170	−0.092%	$1.8M	$2.3M	25x	as long as short
Gate SPK_USDT	−0.0084%	4h	0.02172	0.000%	$146K	$152K	50x	as long as short
BloFin SPK-USDT	+0.0095%	4h	0.02169	−0.138%	$187K	$21K	50x	as long as short
Aster SPKUSDT	+0.0100%	4h	0.02171	−0.045%	$19K	$81K	5x	as long as short
Binance SPKUSDTshort	+0.0100%	4h	0.02170	−0.092%	$3.8M	$5.8M	50x
OKX SPK-USDT-SWAPlong	+0.0100%	4h	0.02172	long leg	$741K	$2.1M	20x
MEXC SPK_USDT	+0.0100%	4h	0.02170	−0.092%	$2.1M	$654K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02173	+0.046%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02172	0.000%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02175	+0.125%	$172K	$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	0.02219	+2.164%	$877	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02171	−0.062%	$4K	$197K	5x	as long as short
KuCoin SPKUSDTM	+0.0710%	4h	0.02182	+0.460%	$1.1M	$453K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2406%	1h	0.02195	+1.044%	$23K	$25K	10x	as long as short