Settings8H · net · $10k
Funding arb · Price arb /

SWARMS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0403%/8h= −44.1% APRpaid last 24h −0.054%
Price spread now: Extended against Aster+0.189%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$1,095as in the Price arb table
costs, in and out, $10k−$1,10711.070% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.156%+$16 on $10k
Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.189%, 7d avg +0.066%
Together, before fees+0.043%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.123% dearer against Aster than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of +0.066%): +$12 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 24 hours. Mind the row above: over the last 6 days funding on this pair paid +0.156%, 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 0.156% in total (about 10.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SWARMSUSDT0.0082720.1251pay 0.0626% / 4h52m 31s$31K$101K5x
ShortExtended SWARMS-USD0.0082880.0848get 0.0106% / 1h52m 31s$7K$189K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$84.64
Price spread: +0.189% → +0.066%
$12.3
Slippage, 4 orders
−$1,093.99
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$1,179.33
Costs to cover
11.070%
Break-even
never at this rate
Slippage from Aster: live order book, 48 min ago; Extended: live order book, 49 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 48 min ago16.36 bp473.5 bp −$474doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 49 min ago6.67 bp134.0 bp −$134doesn't fitdoesn't fitdoesn't fit

SWARMS on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SWARMS_USDT+0.0100%4h0.008284+0.147%$956K$112K10xas long as short
Binance SWARMSUSDT+0.0827%4h0.008285+0.159%$3.5M$3.4M20xas long as short
MEXC SWARMS_USDT+0.0844%4h0.008292+0.243%$153K$97K100xas long as short
Extended SWARMS-USDshort+0.0848%1h0.008288+0.189%$7K$189K5x
BingX SWARMS-USDT+0.0862%4h0.008289+0.207%$6.5Mas long as short
BloFin SWARMS-USDT+0.0883%4h0.008282+0.122%$228K$8K20xas long as short
KuCoin SWARMSUSDTM+0.1194%4h0.008283+0.134%$776K$119K20xas long as short
Aster SWARMSUSDTlong+0.1251%4h0.008272long leg$31K$101K5x
Kraken Futures PF_SWARMSUSD+1.2515%1h0.008332+0.726%$9K$9010xas long as short