Funding arb · Price arb /

SPK

all SPK markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Bitget against OKX+0.093%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1211.208% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.093%−$9 · spread now +0.093%, 7d avg +0.019%

Together, before fees−0.095%−$10 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: Bitget is 0.074% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPK-USDT-SWAP	0.02152	0.0100	pay 0.0050% / 4h	52m 48s	$759K	$2.0M	20x
Short	Bitget SPKUSDT	0.02154	0.0100	get 0.0050% / 4h	52m 48s	$1.2M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → +0.019%: $7.42
Slippage, 4 orders: −$98.84
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$113.42
Costs to cover: 1.208%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	4.64 bp	32.3 bp −$32	1908.4 bp −$19.1K	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	9.27 bp	27.6 bp −$28	112.1 bp −$1,121	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	−0.0364%	4h	0.02156	+0.186%	$148K	$136K	50x	as long as short
Aster SPKUSDT	−0.0135%	4h	0.02156	+0.190%	$13K	$74K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02153	+0.039%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02152	0.000%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAPlong	+0.0100%	4h	0.02152	long leg	$759K	$2.0M	20x
MEXC SPK_USDT	+0.0100%	4h	0.02153	+0.046%	$2.1M	$636K	50x	as long as short
Bitget SPKUSDTshort	+0.0100%	4h	0.02154	+0.093%	$1.2M	$1.5M	50x
BingX SPK-USDT	+0.0100%	4h	0.02154	+0.093%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02158	+0.262%	$174K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02204	+2.416%	$1K	$1.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SPK-USD	+0.0104%	1h	0.02154	+0.113%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0142%	4h	0.02154	+0.093%	$187K	$29K	50x	as long as short
KuCoin SPKUSDTM	+0.0410%	4h	0.02163	+0.511%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2102%	1h	0.02156	+0.184%	$22K	$25K	10x	as long as short