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: SunX against Variational Omni+2.376%7-day average +2.159% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

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 4 days (all we have)−0.469%−$47 · spread now +2.376%, 7d avg +2.159%

Together, before fees−0.459%+ Points / potential airdropVariational Omni: Active · farm board−$46 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: SunX is 0.217% dearer against Variational Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +2.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni SPK	0.02163	0.0100	pay 0.0050% / 4h	1h 42m	$175K	$76K	—
Short	SunX SPK-USDT	0.02214	0.0100	get 0.0050% / 4h	1h 42m	$1K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.376%Rate

Funding earned: $0
Price spread: +2.376% → +2.159%: $21.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: $13.66
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 21 min ago; SunX: live order book, 11 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, 21 min ago	9.18 bp	doesn't fit	156.0 bp −$1,560	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	275.02 bp	doesn't fit	doesn't fit	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	−0.0512%	4h	0.02171	+0.387%	$141K	$130K	50x	as long as short
Aster SPKUSDT	−0.0125%	4h	0.02172	+0.413%	$12K	$72K	5x	as long as short
BloFin SPK-USDT	+0.0082%	4h	0.02162	−0.029%	$189K	$31K	50x	as long as short
Binance SPKUSDT	+0.0100%	4h	0.02172	+0.434%	$3.7M	$5.7M	50x	as long as short
Bybit SPKUSDT	+0.0100%	4h	0.02173	+0.457%	$1.9M	$2.2M	25x	as long as short
OKX SPK-USDT-SWAP	+0.0100%	4h	0.02174	+0.526%	$766K	$2.0M	20x	as long as short
MEXC SPK_USDT	+0.0100%	4h	0.02172	+0.434%	$2.2M	$641K	50x	as long as short
KuCoin SPKUSDTM	+0.0100%	4h	0.02182	+0.896%	$1.1M	$476K	30x	as long as short
Bitget SPKUSDT	+0.0100%	4h	0.02174	+0.526%	$1.2M	$1.5M	50x	as long as short
BingX SPK-USDT	+0.0100%	4h	0.02174	+0.526%	—	$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	0.02163	long leg	$175K	$76K	—
SunX SPK-USDTshort	+0.0100%	4h	0.02214	+2.376%	$1K	$1.2M	20x
Extended SPK-USD	+0.0104%	1h	0.02171	+0.406%	$723	$147K	5x	as long as short
Kraken Futures PF_SPKUSD	+0.2746%	1h	0.02184	+0.975%	$23K	$28K	10x	as long as short