SPK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0348%/8h= +38.1% APRnext payment +$1.74 per $10,000 · paid last 24h +0.103%

Price spread now: KuCoin against OKX+0.513%7-day average +0.175% · you sell dearer than you buy

Net, funding: paid 7d − costs−$403as in the Funding arb table

Net, price: spread back to 7d avg − costs−$379as in the Price arb table

costs, in and out, $10k−$4134.130% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 4 days (all we have)−0.416%−$42 · spread now +0.513%, 7d avg +0.175%

Together, before fees−0.313%−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and KuCoin is 0.338% dearer against OKX than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.175%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.74 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	0.02143	0.0100	pay 0.0050% / 4h	42m 51s	$756K	$2.0M	20x
Short	KuCoin SPKUSDTM	0.02154	0.0448	get 0.0224% / 4h	42m 51s	$1.1M	$475K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.513%Rate

Funding earned: $73.08
Price spread: +0.513% → +0.175%: $33.79
Slippage, 4 orders: −$391.02
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$306.15
Costs to cover: 4.130%
Break-even: 36.3 days

Slippage from OKX: live order book, 4 min ago; KuCoin: live order book, 2 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	4.66 bp	39.5 bp −$39	894.6 bp −$8,946	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	18.54 bp	75.8 bp −$76	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_USDT	−0.0380%	4h	0.02147	+0.187%	$148K	$136K	50x	as long as short
Aster SPKUSDT	−0.0160%	4h	0.02147	+0.187%	$14K	$75K	5x	as long as short
BloFin SPK-USDT	+0.0070%	4h	0.02148	+0.233%	$188K	$29K	50x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02144	+0.047%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02144	+0.047%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAPlong	+0.0100%	4h	0.02143	long leg	$756K	$2.0M	20x
MEXC SPK_USDT	+0.0100%	4h	0.02143	0.000%	$2.1M	$641K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02143	0.000%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02146	+0.140%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02146	+0.121%	$174K	$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	0.02196	+2.473%	$886	$1.1M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02143	+0.020%	$2K	$140K	5x	as long as short
KuCoin SPKUSDTMshort	+0.0448%	4h	0.02154	+0.513%	$1.1M	$475K	30x
Kraken Futures PF_SPKUSD	+0.2110%	1h	0.02148	+0.232%	$22K	$25K	10x	as long as short