Funding you earn now, next payment 04:00 UTC−0.0699%/8h= −76.6% APRnext payment −$3.50 per $10,000 · paid last 24h −0.065%
Price spread now: Gate against Binance−0.351%7-day average −0.183% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.500%−$50 on $10k
+Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.351%, 7d avg −0.183%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Gate is 0.168% cheaper against Binance than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.183%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SWARMSUSDT | 0.008259 | 0.0799 | pay 0.0400% / 4h | 2h 30m | $3.5M | $4.3M | 20x |
| Short | Gate SWARMS_USDT | 0.008230 | 0.0100 | get 0.0050% / 4h | 2h 30m | $948K | $136K | 10x |
Binance SWARMSUSDT
Gate SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$146.85
- Price spread: −0.351% → −0.183%
- −$16.8
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$188.64
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 6 min ago; Gate: live order book, 36 min ago. Net counts fees only.
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 Binance live order book, 6 min ago | 3.04 bp | 47.5 bp −$47 | 430.2 bp −$4,302 | doesn't fit | doesn't fit |
| Sell Gate live order book, 36 min ago | 7.28 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
SWARMS on 8 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 | 0.008230 | −0.351% | $948K | $136K | 10x | |
| KuCoin SWARMSUSDTM | +0.0100% | 4h | 0.008228 | −0.375% | $770K | $137K | 20x | as long as short |
| BingX SWARMS-USDT | +0.0716% | 4h | 0.008258 | −0.012% | — | $6.5M | — | as long as short |
| Aster SWARMSUSDT | +0.0795% | 4h | 0.008231 | −0.339% | $31K | $141K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0798% | 4h | 0.008260 | +0.012% | $146K | $101K | 100x | as long as short |
| Binance SWARMSUSDTlong | +0.0799% | 4h | 0.008259 | long leg | $3.5M | $4.3M | 20x | |
| Extended SWARMS-USD | +0.0800% | 1h | 0.008256 | −0.038% | $11K | $152K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3285% | 1h | 0.008297 | +0.466% | $9K | $687 | 10x | as long as short |
KuCoin SWARMSUSDTM
BingX SWARMS-USDT
Aster SWARMSUSDT
MEXC SWARMS_USDT
Extended SWARMS-USD
Kraken Futures PF_SWARMSUSD