SPK funding rates and arbitrage
Updated 2026-11-11 23:11 UTC
Best SPK arbitrage after every cost
No SPK pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
SPK funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Kraken | PF_SPKUSD | 0.0113% | 1 h | +99.2% | −61.3% | $28.9K | 2026-11-12 00:00 |
| BloFin | SPK-USDT | 0.0060% | 4 h | +13.2% | +10.4% | $104.9K | 2026-11-12 00:00 |
| Extended | SPK-USD | 0.0013% | 1 h | +11.4% | +11.2% | $18.7K | 2026-11-12 00:00 |
| Bybit | SPKUSDT | 0.0050% | 4 h | +10.9% | +5.2% | $720.5K | 2026-11-12 00:00 |
| KuCoin | SPKUSDTM | 0.0050% | 4 h | +10.9% | +4.9% | $275.8K | 2026-11-12 00:00 |
| MEXC | SPK_USDT | 0.0050% | 4 h | +10.9% | +10.8% | $473.8K | 2026-11-12 00:00 |
| Bitget | SPKUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $776.9K | 2026-11-12 00:00 |
| OKX | SPK-USDT-SWAP | 0.0050% | 4 h | +10.9% | +8.6% | $492.7K | 2026-11-12 00:00 |
| LBank | SPKUSDT | 0.0050% | 4 h | +10.9% | +11.7% | — | 2026-11-12 00:00 |
| WOO X | PERP_SPK_USDT | 0.0050% | 4 h | +10.9% | +10.8% | $9 | 2026-11-12 00:00 |
| Bitunix | SPKUSDT | 0.0050% | 4 h | +10.9% | +10.8% | — | 2026-11-12 00:00 |
| BingX | SPK-USDT | 0.0050% | 4 h | +10.9% | +11.0% | $339.7K | 2026-11-12 00:00 |
| Binance | SPKUSDT | 0.0050% | 4 h | +10.9% | +10.8% | $2.3M | 2026-11-12 00:00 |
| Aster | SPKUSDT | 0.0050% | 4 h | +10.9% | +11.0% | $22.9K | 2026-11-12 00:00 |
| Gate | SPK_USDT | 0.0050% | 4 h | +10.9% | +5.6% | $49.6K | 2026-11-12 00:00 |
| Variational | SPK-PERP | 0.0050% | 4 h | +10.9% | +11.7% | $89.4K | 2026-11-12 00:00 |
| Crypto.com | SPKUSD-PERP | -0.0036% | 1 h | −31.5% | +48.4% | $1.9K | 2026-11-12 00:00 |
Borrow SPK to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 5.79% | — |
| Bybit | 12.03% | — |
| OKX | 14.07% | — |
| Binance | 25.60% | — |
| Gate | 59.30% | $30K |
Cost to enter $10,000 of SPK
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | SPK_USDT | 5.2 bp | top of book only |
| Extended | SPK-USD | 5.7 bp | top of book only |
| BingX | SPK-USDT | 8.2 bp | top of book only |
| Binance | SPKUSDT | 8.2 bp | top of book only |
| Aster | SPKUSDT | 10.4 bp | top of book only |
| Gate | SPK_USDT | 10.7 bp | top of book only |
| OKX | SPK-USDT-SWAP | 11.4 bp | top of book only |
| Bybit | SPKUSDT | 12.0 bp | top of book only |
| KuCoin | SPKUSDTM | 12.4 bp | top of book only |
| Bitget | SPKUSDT | 12.4 bp | top of book only |
| BloFin | SPK-USDT | 12.4 bp | top of book only |
| Variational | SPK-PERP | 13.0 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on SPK
Questions
Is SPK funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no SPK pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest SPK funding rate?
Kraken at +99.2% a year (0.0113% every 1 h); the lowest is Crypto.com at −31.5%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.