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 Variational Omni+0.038%7-day average +0.002% · you sell dearer than you buy

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

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.152%−$15 · spread now +0.038%, 7d avg +0.002%

Together, before fees−0.141%+ Points / potential airdropVariational Omni: Active · farm board−$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: MEXC is 0.037% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPK	0.02176	0.0100	pay 0.0050% / 4h	3h 15m	$165K	$65K	—
Short	MEXC SPK_USDT	0.02177	0.0100	get 0.0050% / 4h	3h 15m	$2.1M	$642K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Variational Omni. 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 Variational OmnibpFee MEXCbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.002%: $3.65
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$0.35
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 58 min ago; MEXC: 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 Variational Omni RFQ quote, 58 min ago	11.74 bp	doesn't fit	148.0 bp −$1,480	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.30 bp	4.8 bp −$5	53.0 bp −$530	229.4 bp −$22.9K	438.2 bp −$219.1K

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	+0.0044%	4h	0.02171	−0.237%	$190K	$30K	50x	as long as short
Aster SPKUSDT	+0.0100%	4h	0.02176	−0.029%	$10K	$64K	5x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02177	+0.039%	$3.8M	$5.6M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02178	+0.066%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02177	+0.038%	$765K	$2.0M	20x	as long as short
Gate SPK_USDT	+0.0100%	4h	0.02175	−0.053%	$143K	$137K	50x	as long as short
MEXC SPK_USDTshort	+0.0100%	4h	0.02177	+0.038%	$2.1M	$642K	50x
KuCoin SPKUSDTM	+0.0100%	4h	0.02180	+0.176%	$941K	$414K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02178	+0.084%	$1.3M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02178	+0.084%	—	$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 SPKlong	+0.0100%	4h	0.02176	long leg	$165K	$65K	—
SunX SPK-USDT	+0.0100%	4h	0.02224	+2.198%	$563	$1.1M	20x	as long as short
Extended SPK-USD	+0.0104%	1h	0.02177	+0.017%	$2K	$147K	5x	as long as short
Kraken Futures PF_SPKUSD	+0.1030%	1h	0.02180	+0.165%	$23K	$29K	10x	as long as short