Funding you earn now, next payment 12:00 UTC+0.0851%/8h= +93.2% APRnext payment +$4.25 per $10,000 · paid last 24h +0.013%
Price spread now: KuCoin against Binance+0.073%7-day average −0.276% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,096as in the Price arb table
costs, in and out, $10k−$1,13111.305% of the position
Funding, last 7 days−0.289%−$29 on $10k
+Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.073%, 7d avg −0.276%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and KuCoin is 0.349% dearer against Binance than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.276%. Mind the row above: over the last 7 days funding on this pair cost −0.289%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.289% in total (about -15.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.25 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 | Binance SWARMSUSDT | 0.008202 | 0.0455 | pay 0.0228% / 4h | 3h 44m | $3.5M | $3.5M | 20x |
| Short | KuCoin SWARMSUSDTM | 0.008208 | 0.1306 | get 0.0653% / 4h | 3h 44m | $770K | $121K | 20x |
Binance SWARMSUSDT
KuCoin SWARMSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $178.69
- Price spread: +0.073% → −0.276%
- $34.94
- Slippage, 4 orders
- −$1,108.53
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$916.9
- Costs to cover
- 11.305%
- Break-even
- 42.9 days
Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 10 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 Binance live order book, 6 min ago | 3.06 bp | 56.6 bp −$57 | 348.9 bp −$3,489 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 17.10 bp | 720.2 bp −$720 | 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 | 0.008196 | −0.073% | $948K | $114K | 10x | as long as short |
| Binance SWARMSUSDTlong | +0.0455% | 4h | 0.008202 | long leg | $3.5M | $3.5M | 20x | |
| Extended SWARMS-USD | +0.0464% | 1h | 0.008197 | −0.064% | $7K | $209K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0466% | 4h | 0.008209 | +0.085% | $152K | $97K | 100x | as long as short |
| BingX SWARMS-USDT | +0.0478% | 4h | 0.008202 | 0.000% | — | $6.5M | — | as long as short |
| BloFin SWARMS-USDT | +0.0486% | 4h | 0.008213 | +0.134% | $224K | $8K | 20x | as long as short |
| Aster SWARMSUSDT | +0.0575% | 4h | 0.008196 | −0.071% | $31K | $102K | 5x | as long as short |
| KuCoin SWARMSUSDTMshort | +0.1306% | 4h | 0.008208 | +0.073% | $770K | $121K | 20x | |
| Kraken Futures PF_SWARMSUSD | +3.9841% | 1h | 0.008259 | +0.691% | $9K | $45 | 10x | as long as short |
Gate SWARMS_USDT
Extended SWARMS-USD
MEXC SWARMS_USDT
BingX SWARMS-USDT
BloFin SWARMS-USDT
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD