SPK Funding Rate — live across 9 venues

Compared across 9 supported venues · net of estimated fees · updated every few minutes

Live annualized SPK perpetual funding across all 9 venues Perpia tracks. Right now SPK funding is positive on 7 and negative on 2, ranging from +10.9% on MEXC to -24.7% on OKX — a spread of 35.6%. The widest delta-neutral trade is long OKX / short MEXC at 32.6% net APR.

venues

paying positive

35.6%

funding spread

Best SPK spread now

32.6%

net APR after fees

Long OKX→Short MEXC

size depends on live venue depth — see the real cap in the scanner

SPK funding trend & liquidity

168h of history

35.6%

current gross APR

25.2%

24h average

6.1%

7-day average

$1.1M

pair OI · lower leg

$254K

24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

SPK funding rate history

30d · 6h buckets · 10 venues

30.3%0-92.9%

6 Aug5 Sep

SPK — average across 10 venuesAsterExtendedBinanceBitget

Annualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: +8.1%. A break in a line means no data was recorded for that stretch, not a zero rate.

SPK funding rate by venue

15 pairs scanned

Venue	Funding APR	Interval
MEXC ↗	+10.9%	4h
Binance ↗	+10.9%	4h
Bybit ↗	+10.9%	4h
Gate.io ↗	+10.9%	4h
Bitget ↗	+10.9%	4h
BingX ↗	+10.9%	4h
KuCoin ↗	+10.9%	4h
Aster ↗	-6.8%	4h
OKX ↗	-24.7%	4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the OKX vs MEXC page.

SPK arbitrage — 30-day backtest

long OKX · short MEXC

3.0%

backtested APR

+$24

historical net P&L on $10,000

0.01%

max drawdown

$10,000$10,024

30 days agostarting capital $10,000today

Over the last 30 days, holding long OKX / short MEXC would have produced 3.0% APR — versus the 32.6% the live spread implies right now (equity $10,000 → $10,024). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

Loading SPK backtest…

SPK funding — FAQ

Is SPK funding positive right now?

SPK perpetual funding is positive on 7 of 9 venues Perpia tracks and negative on 2. The highest is +10.9% on MEXC; the lowest is -24.7% on OKX.

What is the best SPK funding arbitrage right now?

Go long OKX and short MEXC for about 32.6% net APR after fees — the widest delta-neutral SPK spread Perpia currently sees.

Which exchange has the highest SPK funding rate?

MEXC, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How SPK funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to SPK

Markets also quoted on both MEXC and OKX — the same two exchanges you would already have funded for the SPK trade.

See every spread between them on the MEXC vs OKX page.

Open the live scanner →All funding rates Funding by exchange How we calculate this