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 −0.002%

Price spread now: Bitget against SunX−1.983%50s7-day average −2.096% · you buy dearer than you sell

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now −1.983%, 7d avg −2.096%

Together, before fees+0.005%+$1 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: Bitget is 0.113% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −2.096%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPK-USDT	0.02219	0.0100	pay 0.0050% / 4h	3h 20m	$922	$1.1M	20x
Short	Bitget SPKUSDT	0.02175	0.0100	get 0.0050% / 4h	3h 20m	$1.3M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −1.983%Rate

Funding earned: $0
Price spread: −1.983% → −2.096%: $11.32
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$8.68
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Bitget: live order book, 1 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, 3 min ago	276.59 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	6.90 bp	21.4 bp −$21	81.9 bp −$819	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
BloFin SPK-USDT	+0.0085%	4h	0.02174	−2.028%	$190K	$30K	50x	as long as short
Aster SPKUSDT	+0.0093%	4h	0.02173	−2.054%	$11K	$64K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02172	−2.116%	$3.8M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02172	−2.105%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02172	−2.118%	$764K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02174	−2.028%	$143K	$137K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02173	−2.073%	$2.1M	$642K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02176	−1.938%	$939K	$414K	30x	as long as short
Bitget SPKUSDTshort	+0.0100%	4h	0.02175	−1.983%	$1.3M	$1.5M	50x
BingX SPK-USDT	+0.0100%	4h	0.02172	−2.118%	—	$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	0.02173	−2.089%	$165K	$65K	—	as long as short
SunX SPK-USDTlong	+0.0100%	4h	0.02219	long leg	$922	$1.1M	20x
Extended SPK-USD	+0.0104%	1h	0.02172	−2.130%	$2K	$147K	5x	as long as short
Kraken Futures PF_SPKUSD	+0.1031%	1h	0.02177	−1.891%	$23K	$29K	10x	as long as short