Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0926%/8h= +101.4% APRpaid last 24h +0.410%

Price spread now: Kraken Futures against OKX+0.193%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Kraken Futures is 0.193% dearer against OKX than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPK-USDT-SWAP	0.02184	0.0100	pay 0.0050% / 4h	3h 08m	$766K	$2.0M	20x
Short	Kraken Futures PF_SPKUSD	0.02188	0.1026	get 0.0128% / 1h	8m 07s	$23K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.193%Rate

Funding earned: $194.51
Price spread: +0.193% → 0.000%: $19.26
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $193.77
Costs to cover: 0.200%
Break-even: 0.0 days

Slippage unknown: OKX: live order book, 4 min ago; Kraken Futures: no order-book sample. 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 OKX live order book, 4 min ago	2.29 bp	24.8 bp −$25	613.0 bp −$6,130	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0038%	4h	0.02185	+0.046%	$144K	$137K	50x	as long as short
Aster SPKUSDT	+0.0100%	4h	0.02186	+0.081%	$10K	$64K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02184	0.000%	$3.8M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02187	+0.142%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAPlong	+0.0100%	4h	0.02184	long leg	$766K	$2.0M	20x
MEXC SPK_USDT	+0.0100%	4h	0.02184	0.000%	$2.1M	$642K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02189	+0.229%	$945K	$414K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02187	+0.137%	$1.3M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02185	+0.046%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02181	−0.131%	$165K	$65K	—	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	0.02230	+2.106%	$839	$1.1M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02183	−0.024%	$1K	$146K	5x	as long as short
BloFin SPK-USDT	+0.0114%	4h	0.02184	0.000%	$192K	$30K	50x	as long as short
Kraken Futures PF_SPKUSDshort	+0.1026%	1h	0.02188	+0.193%	$23K	$29K	10x