SPK funding rates and arbitrage
Updated 2026-10-29 14:10 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 |
|---|---|---|---|---|---|---|---|
| Crypto.com | SPKUSD-PERP | 0.0028% | 1 h | +24.2% | +72.4% | $6K | 2026-10-29 15:00 |
| Extended | SPK-USD | 0.0013% | 1 h | +11.4% | +6.1% | $2.9K | 2026-10-29 15:00 |
| KuCoin | SPKUSDTM | 0.0050% | 4 h | +10.9% | +1.3% | $381.6K | 2026-10-29 16:00 |
| Bitunix | SPKUSDT | 0.0050% | 4 h | +10.9% | +5.0% | — | 2026-10-29 16:00 |
| MEXC | SPK_USDT | 0.0050% | 4 h | +10.9% | +5.3% | $1.1M | 2026-10-29 16:00 |
| OKX | SPK-USDT-SWAP | 0.0050% | 4 h | +10.9% | +9.2% | $529.1K | 2026-10-29 16:00 |
| Bitget | SPKUSDT | 0.0050% | 4 h | +10.9% | +10.1% | $1.2M | 2026-10-29 16:00 |
| WOO X | PERP_SPK_USDT | 0.0050% | 4 h | +10.9% | +5.4% | $11 | 2026-10-29 16:00 |
| LBank | SPKUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-29 16:00 |
| BingX | SPK-USDT | 0.0050% | 4 h | +10.9% | +11.1% | $662.5K | 2026-10-29 16:00 |
| Bybit | SPKUSDT | 0.0050% | 4 h | +10.9% | +6.9% | $961.6K | 2026-10-29 16:00 |
| Aster | SPKUSDT | 0.0050% | 4 h | +10.9% | +4.5% | $28.2K | 2026-10-29 16:00 |
| Variational | SPK-PERP | 0.0050% | 4 h | +10.9% | — | $104.6K | 2026-10-29 16:00 |
| Binance | SPKUSDT | 0.0050% | 4 h | +10.9% | +5.4% | $2.9M | 2026-10-29 16:00 |
| Gate | SPK_USDT | 0.0050% | 4 h | +10.9% | +2.4% | $77.5K | 2026-10-29 16:00 |
| BloFin | SPK-USDT | 0.0028% | 4 h | +6.2% | +4.8% | $126.4K | 2026-10-29 16:00 |
| Kraken | PF_SPKUSD | -0.0186% | 1 h | −162.9% | −28.4% | $25.9K | 2026-10-29 15:00 |
Borrow SPK to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| Bitget | 1.79% | — |
| Bybit | 11.22% | — |
| OKX | 14.04% | — |
| Binance | 34.38% | — |
| Gate | 59.10% | $20K |
Cost to enter $10,000 of SPK
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Extended | SPK-USD | 5.8 bp | top of book only |
| MEXC | SPK_USDT | 6.7 bp | top of book only |
| BingX | SPK-USDT | 7.7 bp | top of book only |
| Binance | SPKUSDT | 7.7 bp | top of book only |
| BloFin | SPK-USDT | 8.7 bp | top of book only |
| OKX | SPK-USDT-SWAP | 10.4 bp | top of book only |
| Variational | SPK-PERP | 10.9 bp | top of book only |
| Bitget | SPKUSDT | 11.4 bp | top of book only |
| Aster | SPKUSDT | 12.2 bp | top of book only |
| Gate | SPK_USDT | 12.9 bp | top of book only |
| Bybit | SPKUSDT | 13.7 bp | top of book only |
| KuCoin | SPKUSDTM | 14.2 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?
Crypto.com at +24.2% a year (0.0028% every 1 h); the lowest is Kraken at −162.9%. 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.