SWARMS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0412%/8h= −45.1% APRnext payment −$2.06 per $10,000 · paid last 24h −0.052%

Price spread now: BloFin against Aster+0.182%7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$1,131as in the Price arb table

costs, in and out, $10k−$1,13411.342% of the position

Long on Aster Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.177%+$18 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.182%, 7d avg +0.149%

Together, before fees+0.133%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.033% dearer against Aster than usual: you sell high and buy low (spread +0.182% now, against its 7-day average of +0.149%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 6 days funding on this pair paid +0.177%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.177% in total (about 11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.06 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster SWARMSUSDT	0.008248	0.1329	pay 0.0664% / 4h	1h 58m	$31K	$101K	5x
Short	BloFin SWARMS-USDT	0.008263	0.0917	get 0.0458% / 4h	1h 58m	$229K	$8K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 AsterbpFee BloFinbpOrdersPrice spread, now +0.182%Rate

Funding earned: −$86.57
Price spread: +0.182% → +0.149%: $3.29
Slippage, 4 orders: −$1,114.23
Fee Aster: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1,217.51
Costs to cover: 11.342%
Break-even: never at this rate

Slippage from Aster: live order book, 47 min ago; BloFin: live order book, 17 min ago.

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 Aster live order book, 47 min ago	16.84 bp	593.7 bp −$594	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 17 min ago	10.29 bp	33.1 bp −$33	doesn't fit	doesn't fit	doesn't fit

SWARMS on 9 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 SWARMS_USDT	+0.0100%	4h	0.008251	+0.036%	$947K	$108K	10x	as long as short
BingX SWARMS-USDT	+0.0832%	4h	0.008257	+0.109%	—	$6.5M	—	as long as short
MEXC SWARMS_USDT	+0.0860%	4h	0.008258	+0.121%	$152K	$96K	100x	as long as short
Binance SWARMSUSDT	+0.0861%	4h	0.008259	+0.135%	$3.5M	$3.4M	20x	as long as short
Extended SWARMS-USD	+0.0864%	1h	0.008256	+0.102%	$10K	$213K	5x	as long as short
BloFin SWARMS-USDTshort	+0.0917%	4h	0.008263	+0.182%	$229K	$8K	20x
KuCoin SWARMSUSDTM	+0.1176%	4h	0.008267	+0.230%	$775K	$120K	20x	as long as short
Aster SWARMSUSDTlong	+0.1329%	4h	0.008248	long leg	$31K	$101K	5x
Kraken Futures PF_SWARMSUSD	+1.3720%	1h	0.008307	+0.720%	$9K	$134	10x	as long as short