Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against SunX−2.137%7-day average −2.171% · you buy dearer than you sell

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −2.137%, 7d avg −2.171%

Together, before fees+0.118%+ Points / potential airdropExtended: Active · farm board+$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: Extended is 0.034% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −2.171%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPK-USDT	0.02210	0.0100	pay 0.0050% / 4h	3h 13m	$985	$1.1M	20x
Short	Extended SPK-USD	0.02163	0.0104	get 0.0013% / 1h	13m 00s	$714	$206K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −2.137%Rate

Funding earned: $0.84
Price spread: −2.137% → −2.171%: $3.45
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$8.71
Costs to cover: 0.130%
Break-even: 79.6 days

Slippage unknown: SunX: live order book, 10 min ago; Extended: live order book, 38 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	280.92 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 38 min ago	4.62 bp	31.5 bp −$32	225.2 bp −$2,252	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	−0.0584%	1h	0.02170	−1.807%	$23K	$25K	10x	as long as short
Bybit SPKUSDT	−0.0099%	4h	0.02165	−2.036%	$1.8M	$2.2M	25x	as long as short
Aster SPKUSDT	−0.0053%	4h	0.02166	−1.991%	$18K	$76K	5x	as long as short
BloFin SPK-USDT	+0.0069%	4h	0.02161	−2.217%	$187K	$27K	50x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02163	−2.127%	$3.7M	$5.6M	50x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02164	−2.081%	$761K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02165	−2.036%	$150K	$135K	50x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02163	−2.127%	$2.1M	$643K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02164	−2.081%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02162	−2.172%	—	$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	0.02160	−2.257%	$175K	$76K	—	as long as short
SunX SPK-USDTlong	+0.0100%	4h	0.02210	long leg	$985	$1.1M	20x
Extended SPK-USDshort	+0.0104%	1h	0.02163	−2.137%	$714	$206K	5x
KuCoin SPKUSDTM	+0.0828%	4h	0.02169	−1.855%	$1.1M	$474K	30x	as long as short