Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against SunX−2.078%7-day average −2.138% · you buy dearer than you sell

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

Long on SunX Short on Binance

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)+0.214%+$21 · spread now −2.078%, 7d avg −2.138%

Together, before fees+0.214%+$21 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: Binance is 0.060% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −2.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPK-USDT	0.02214	0.0100	pay 0.0050% / 4h	1h 43m	$1K	$1.2M	20x
Short	Binance SPKUSDT	0.02168	0.0100	get 0.0050% / 4h	1h 43m	$3.7M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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 SunXbpFee BinancebpOrdersPrice spread, now −2.078%Rate

Funding earned: $0
Price spread: −2.078% → −2.138%: $6.05
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.95
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Binance: live order book, 10 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 SunX live order book, 10 min ago	275.02 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.31 bp	27.7 bp −$28	104.0 bp −$1,040	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	−0.0526%	4h	0.02166	−2.168%	$141K	$130K	50x	as long as short
Aster SPKUSDT	−0.0125%	4h	0.02167	−2.110%	$12K	$72K	5x	as long as short
BloFin SPK-USDT	+0.0082%	4h	0.02162	−2.349%	$189K	$31K	50x	as long as short
Binance SPKUSDTshort	+0.0100%	4h	0.02168	−2.078%	$3.7M	$5.7M	50x
Bybit SPKUSDT	+0.0100%	4h	0.02170	−1.987%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02170	−1.987%	$764K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02167	−2.123%	$2.2M	$641K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02176	−1.716%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02169	−2.033%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02168	−2.078%	—	$2.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SPK	+0.0100%	4h	0.02163	−2.321%	$175K	$76K	—	as long as short
SunX SPK-USDTlong	+0.0100%	4h	0.02214	long leg	$1K	$1.2M	20x
Extended SPK-USD	+0.0104%	1h	0.02165	−2.193%	$723	$147K	5x	as long as short
Kraken Futures PF_SPKUSD	+0.2746%	1h	0.02184	−1.369%	$23K	$28K	10x	as long as short