Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against OKX+2.030%7-day average +2.125% · you sell dearer than you buy

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

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +2.030%, 7d avg +2.125%

Together, before fees−0.119%−$12 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: SunX is 0.094% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +2.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPK-USDT-SWAP	0.02167	0.0100	pay 0.0050% / 4h	3h 55m	$762K	$2.0M	20x
Short	SunX SPK-USDT	0.02211	0.0100	get 0.0050% / 4h	3h 55m	$942	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.030%Rate

Funding earned: $0
Price spread: +2.030% → +2.125%: −$9.43
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$27.43
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 min ago; SunX: live order book, 8 min ago. 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, 1 min ago	6.93 bp	40.3 bp −$40	1038.5 bp −$10.4K	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	277.34 bp	doesn't fit	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
Kraken Futures PF_SPKUSD	−0.0585%	1h	0.02168	+0.047%	$23K	$25K	10x	as long as short
Bybit SPKUSDT	−0.0126%	4h	0.02166	−0.046%	$1.8M	$2.2M	25x	as long as short
Gate SPK_USDT	−0.0048%	4h	0.02169	+0.092%	$150K	$134K	50x	as long as short
Aster SPKUSDT	−0.0045%	4h	0.02170	+0.123%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02167	0.000%	$3.7M	$5.7M	50x	as long as short
OKX SPK-USDT-SWAPlong	+0.0100%	4h	0.02167	long leg	$762K	$2.0M	20x
MEXC SPK_USDT	+0.0100%	4h	0.02167	0.000%	$2.1M	$632K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02169	+0.092%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02165	−0.092%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02166	−0.064%	$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-USDTshort	+0.0100%	4h	0.02211	+2.030%	$942	$1.2M	20x
Extended SPK-USD	+0.0104%	1h	0.02165	−0.096%	$4K	$145K	5x	as long as short
BloFin SPK-USDT	+0.0118%	4h	0.02166	−0.046%	$188K	$28K	50x	as long as short
KuCoin SPKUSDTM	+0.0792%	4h	0.02177	+0.461%	$1.1M	$476K	30x	as long as short