Funding you earn now, next payment 08:00 UTC−0.1290%/8h= −141.2% APRnext payment −$6.45 per $10,000 · paid last 24h −0.146%
Price spread now: Gate against Aster+0.229%7-day average −0.085% · 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−$2,604as in the Price arb table
costs, in and out, $10k−$2,63526.353% of the position
Funding, last 6 days (all we have)−0.311%−$31 on $10k
+Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.229%, 7d avg −0.085%
=Together, before fees−0.518%+ Points / potential airdropAster: Stage 5 · farm board−$52 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.315% dearer against Aster than usual: you sell high and buy low (spread +0.229% now, against its 7-day average of −0.085%): +$31 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 6 days (−0.311% in total) that is about 5.7 days.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.311% in total (about -20.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.45 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 | 0.008278 | 0.1390 | pay 0.0695% / 4h | 1h 04m | $31K | $101K | 5x |
| Short | Gate SWARMS_USDT | 0.008297 | 0.0100 | get 0.0050% / 4h | 1h 04m | $957K | $112K | 10x |
Aster SWARMSUSDT
Gate SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$270.81
- Price spread: +0.229% → −0.085%
- $31.46
- Slippage, 4 orders
- −$2,612.25
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$2,874.6
- Costs to cover
- 26.353%
- Break-even
- never at this rate
Slippage from Aster: live order book, 37 min ago; Gate: live order book, 38 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, 37 min ago | 16.36 bp | 473.5 bp −$474 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 38 min ago | 6.06 bp | 783.7 bp −$784 | 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_USDTshort | +0.0100% | 4h | 0.008297 | +0.229% | $957K | $112K | 10x | |
| BingX SWARMS-USDT | +0.0900% | 4h | 0.008301 | +0.278% | — | $6.5M | — | as long as short |
| Binance SWARMSUSDT | +0.0934% | 4h | 0.008294 | +0.193% | $3.5M | $3.4M | 20x | as long as short |
| Extended SWARMS-USD | +0.0936% | 1h | 0.008292 | +0.164% | $7K | $184K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0938% | 4h | 0.008296 | +0.217% | $153K | $100K | 100x | as long as short |
| BloFin SWARMS-USDT | +0.0939% | 4h | 0.008310 | +0.386% | $228K | $8K | 20x | as long as short |
| KuCoin SWARMSUSDTM | +0.1370% | 4h | 0.008289 | +0.133% | $776K | $119K | 20x | as long as short |
| Aster SWARMSUSDTlong | +0.1390% | 4h | 0.008278 | long leg | $31K | $101K | 5x | |
| Kraken Futures PF_SWARMSUSD | +1.3716% | 1h | 0.008310 | +0.387% | $9K | $90 | 10x | as long as short |
BingX SWARMS-USDT
Binance SWARMSUSDT
Extended SWARMS-USD
MEXC SWARMS_USDT
BloFin SWARMS-USDT
KuCoin SWARMSUSDTM
Kraken Futures PF_SWARMSUSD