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: BingX against SunX−2.223%7-day average −2.117% · you buy dearer than you sell

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

Long on SunX Short on BingX

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)+0.311%+$31 · spread now −2.223%, 7d avg −2.117%

Together, before fees+0.311%+$31 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: BingX is 0.107% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −2.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPK-USDT	0.02204	0.0100	pay 0.0050% / 4h	53m 27s	$941	$1.2M	20x
Short	BingX SPK-USDT	0.02155	0.0100	get 0.0050% / 4h	53m 27s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −2.223%Rate

Funding earned: $0
Price spread: −2.223% → −2.117%: −$10.65
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$28.65
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; BingX: 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	277.90 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	7.00 bp	29.5 bp −$30	80.8 bp −$808	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	−0.0364%	4h	0.02156	−2.178%	$148K	$136K	50x	as long as short
Aster SPKUSDT	−0.0139%	4h	0.02157	−2.132%	$13K	$74K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02154	−2.269%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02154	−2.269%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02155	−2.223%	$759K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02154	−2.269%	$2.1M	$636K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02154	−2.269%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDTshort	+0.0100%	4h	0.02155	−2.223%	—	$2.3M	—
Variational Omni SPK	+0.0100%	4h	0.02158	−2.103%	$174K	$76K	—	as long as short
SunX SPK-USDTlong	+0.0100%	4h	0.02204	long leg	$941	$1.2M	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SPK-USD	+0.0104%	1h	0.02153	−2.294%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0146%	4h	0.02158	−2.087%	$189K	$29K	50x	as long as short
KuCoin SPKUSDTM	+0.0410%	4h	0.02164	−1.815%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2101%	1h	0.02158	−2.097%	$22K	$25K	10x	as long as short