SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against OKX+0.092%73s7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1121.120% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.236%−$24 · spread now +0.092%, 7d avg −0.018%

Together, before fees−0.236%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.110% dearer against OKX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.018%. The two prices were read 73 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	OKX SPK-USDT-SWAP	0.02164	0.0100	pay 0.0050% / 4h	3h 56m	$763K	$2.0M	20x
Short	BloFin SPK-USDT	0.02166	0.0118	get 0.0059% / 4h	3h 56m	$188K	$28K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.092%Rate

Funding earned: $3.71
Price spread: +0.092% → −0.018%: $11
Slippage, 4 orders: −$90
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$97.28
Costs to cover: 1.120%
Break-even: 190.4 days

Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 34 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, 1 min ago	6.93 bp	40.3 bp −$40	1038.5 bp −$10.4K	doesn't fit	doesn't fit
Sell BloFin live order book, 34 min ago	2.32 bp	32.7 bp −$33	66.6 bp −$666	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	−0.0585%	1h	0.02168	+0.186%	$23K	$25K	10x	as long as short
Gate SPK_USDT	−0.0048%	4h	0.02168	+0.185%	$150K	$134K	50x	as long as short
Aster SPKUSDT	−0.0040%	4h	0.02167	+0.139%	$16K	$76K	5x	as long as short
Bybit SPKUSDT	−0.0010%	4h	0.02166	+0.092%	$1.8M	$2.2M	25x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02165	+0.068%	$3.7M	$5.7M	50x	as long as short
OKX SPK-USDT-SWAPlong	+0.0100%	4h	0.02164	long leg	$763K	$2.0M	20x
MEXC SPK_USDT	+0.0100%	4h	0.02166	+0.092%	$2.1M	$632K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02169	+0.231%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02167	+0.139%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02166	+0.075%	$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	0.02211	+2.172%	$942	$1.2M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02164	+0.021%	$4K	$145K	5x	as long as short
BloFin SPK-USDTshort	+0.0118%	4h	0.02166	+0.092%	$188K	$28K	50x
KuCoin SPKUSDTM	+0.0792%	4h	0.02177	+0.601%	$1.1M	$476K	30x	as long as short