Funding arb · Price arb /

SPK

all SPK markets

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: Bybit against Variational Omni−0.084%7-day average +0.009% · you buy dearer than you sell

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.187%−$19 · spread now −0.084%, 7d avg +0.009%

Together, before fees−0.209%+ Points / potential airdropVariational Omni: Active · farm board−$21 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: Bybit is 0.093% cheaper against Variational Omni than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPK	0.02166	0.0100	pay 0.0050% / 4h	5m 09s	$176K	$76K	—
Short	Bybit SPKUSDT	0.02164	0.0100	get 0.0050% / 4h	5m 09s	$1.8M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → +0.009%: −$9.34
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$20.34
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 54 min ago; Bybit: live order book, 2 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 Variational Omni RFQ quote, 54 min ago	11.61 bp	doesn't fit	151.0 bp −$1,510	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	6.92 bp	40.3 bp −$40	155.8 bp −$1,558	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	−0.0126%	4h	0.02168	+0.087%	$150K	$136K	50x	as long as short
Aster SPKUSDT	−0.0051%	4h	0.02168	+0.075%	$16K	$76K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02165	−0.068%	$3.7M	$5.6M	50x	as long as short
Bybit SPKUSDTshort	+0.0100%	4h	0.02164	−0.084%	$1.8M	$2.2M	25x
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02166	−0.006%	$765K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02165	−0.052%	$2.1M	$644K	50x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02168	+0.087%	$1.2M	$1.4M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02167	+0.041%	—	$2.3M	—	as long as short
Variational Omni SPKlong	+0.0100%	4h	0.02166	long leg	$176K	$76K	—
SunX SPK-USDT	+0.0100%	4h	0.02212	+2.118%	$906	$1.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SPK-USD	+0.0104%	1h	0.02164	−0.087%	$2K	$140K	5x	as long as short
BloFin SPK-USDT	+0.0111%	4h	0.02169	+0.133%	$187K	$30K	50x	as long as short
KuCoin SPKUSDTM	+0.0762%	4h	0.02175	+0.410%	$1.1M	$476K	30x	as long as short
Kraken Futures PF_SPKUSD	+0.2088%	1h	0.02170	+0.195%	$23K	$25K	10x	as long as short