SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0222%/8h= −24.3% APRnext payment −$1.11 per $10,000 · paid last 24h −0.013%

Price spread now: Gate against OKX+0.046%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$959as in the Funding arb table

Net, price: spread back to 7d avg − costs−$948as in the Price arb table

costs, in and out, $10k−$9509.500% of the position

Long on OKX 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)−0.119%−$12 · spread now +0.046%, 7d avg +0.023%

Together, before fees−0.210%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.023% dearer against OKX than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.023%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.090% in total) that is about 44 hours.

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 −$1.11 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	OKX SPK-USDT-SWAP	0.02168	0.0100	pay 0.0050% / 4h	3m 47s	$763K	$2.0M	20x
Short	Gate SPK_USDT	0.02169	−0.0122	pay 0.0061% / 4h	3m 47s	$150K	$136K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.046%Rate

Funding earned: −$46.62
Price spread: +0.046% → +0.023%: $2.34
Slippage, 4 orders: −$925.01
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$994.29
Costs to cover: 9.500%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 47 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, 3 min ago	6.92 bp	37.6 bp −$38	1080.9 bp −$10.8K	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	6.98 bp	453.3 bp −$453	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	−0.0122%	4h	0.02169	+0.046%	$150K	$136K	50x
Aster SPKUSDT	−0.0052%	4h	0.02169	+0.046%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02167	−0.058%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02166	−0.092%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAPlong	+0.0100%	4h	0.02168	long leg	$763K	$2.0M	20x
MEXC SPK_USDT	+0.0100%	4h	0.02166	−0.092%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02167	−0.046%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02168	0.000%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02166	−0.087%	$176K	$76K	—	as long as short
SunX SPK-USDT	+0.0100%	4h	0.02213	+2.076%	$888	$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	0.02165	−0.121%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0111%	4h	0.02169	+0.046%	$187K	$30K	50x	as long as short
KuCoin SPKUSDTM	+0.0766%	4h	0.02176	+0.369%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2090%	1h	0.02168	+0.019%	$23K	$25K	10x	as long as short