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: MEXC against SunX−2.105%7-day average −2.147% · you buy dearer than you sell

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

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now −2.105%, 7d avg −2.147%

Together, before fees+0.052%+$5 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: MEXC is 0.042% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −2.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX SPK-USDT	0.02233	0.0100	pay 0.0050% / 4h	2h 27m	$873	$1.2M	20x
Short	MEXC SPK_USDT	0.02186	0.0100	get 0.0050% / 4h	2h 27m	$2.2M	$654K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −2.105%Rate

Funding earned: $0
Price spread: −2.105% → −2.147%: $4.23
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$7.77
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; MEXC: live order book, 4 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, 5 min ago	269.30 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.29 bp	5.1 bp −$5	36.6 bp −$366	214.0 bp −$21.4K	434.5 bp −$217.3K

SPK on 13 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	−0.0222%	4h	0.02184	−2.194%	$142K	$132K	50x	as long as short
Aster SPKUSDT	+0.0069%	4h	0.02185	−2.158%	$9K	$66K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02185	−2.155%	$3.8M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02185	−2.154%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02187	−2.060%	$771K	$2.1M	20x	as long as short
MEXC SPK_USDTshort	+0.0100%	4h	0.02186	−2.105%	$2.2M	$654K	50x
KuCoin SPKUSDTM	+0.0100%	4h	0.02188	−2.015%	$987K	$414K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02187	−2.060%	$1.3M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02184	−2.194%	—	$2.3M	—	as long as short
Variational Omni SPK	+0.0100%	4h	0.02186	−2.120%	$177K	$76K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SPK-USDTlong	+0.0100%	4h	0.02233	long leg	$873	$1.2M	20x
Extended SPK-USD	+0.0104%	1h	0.02183	−2.218%	$3K	$146K	5x	as long as short
Kraken Futures PF_SPKUSD	+0.0799%	1h	0.02195	−1.691%	$23K	$28K	10x	as long as short