Funding arb · Price arb /

SPK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.033%

Price spread now: Gate against SunX−2.231%7-day average −2.100% · you buy dearer than you sell

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −2.231%, 7d avg −2.100%

Together, before fees+0.136%+$14 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: Gate is 0.131% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −2.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPK-USDT	0.02196	0.0100	pay 0.0050% / 4h	2h 21m	$971	$1.1M	20x
Short	Gate SPK_USDT	0.02147	0.0100	get 0.0050% / 4h	2h 21m	$144K	$114K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −2.231%Rate

Funding earned: $0
Price spread: −2.231% → −2.100%: −$13.14
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.14
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; Gate: live order book, 24 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, 4 min ago	275.56 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 24 min ago	9.29 bp	380.6 bp −$381	doesn't fit	doesn't fit	doesn't fit

SPK on 14 exchanges

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
Aster SPKUSDT	+0.0100%	4h	0.02149	−2.142%	$18K	$74K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02149	−2.138%	$3.7M	$5.4M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02148	−2.172%	$1.8M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02150	−2.095%	$726K	$2.0M	20x	as long as short
Gate SPK_USDTshort	+0.0100%	4h	0.02147	−2.231%	$144K	$114K	50x
MEXC SPK_USDT	+0.0100%	4h	0.02149	−2.140%	$2.0M	$651K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02148	−2.186%	$1.2M	$1.3M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02147	−2.231%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02147	−2.251%	$169K	$66K	—	as long as short
SunX SPK-USDTlong	+0.0100%	4h	0.02196	long leg	$971	$1.1M	20x

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SPK-USD	+0.0104%	1h	0.02148	−2.170%	$331	$205K	5x	as long as short
BloFin SPK-USDT	+0.0137%	4h	0.02146	−2.277%	$183K	$17K	50x	as long as short
KuCoin SPKUSDTM	+0.0962%	4h	0.02155	−1.867%	$1.1M	$375K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2257%	1h	0.02149	−2.141%	$22K	$8K	10x	as long as short