Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h +0.001%
Price spread now: Binance against BloFin+0.231%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1681.681% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.302%−$30 · spread now +0.231%, 7d avg −0.054%
=The price spread pays, funding is against you. Binance is 0.285% dearer against BloFin than usual: you sell high and buy low (spread +0.231% now, against its 7-day average of −0.054%): +$29 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 36 days. At the pace of the last 7 days (−0.012% in total) that is about 5 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SWARMS-USDT | 0.008297 | 0.1072 | pay 0.0536% / 4h | 3h 54m | $232K | $7K | 20x |
| Short | Binance SWARMSUSDT | 0.008316 | 0.1046 | get 0.0523% / 4h | 3h 54m | $3.6M | $3.7M | 20x |
BloFin SWARMS-USDT
Binance SWARMSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$5.54
- Price spread: +0.231% → −0.054%
- $28.51
- Slippage, 4 orders
- −$146.1
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$145.14
- Costs to cover
- 1.681%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 36 min ago; Binance: live order book, 12 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 BloFin live order book, 36 min ago | 8.51 bp | 39.6 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 4.22 bp | 43.7 bp −$44 | 245.1 bp −$2,451 | 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 | 0.008300 | +0.036% | $957K | $103K | 10x | as long as short |
| BingX SWARMS-USDT | +0.1002% | 4h | 0.008316 | +0.229% | — | $6.5M | — | as long as short |
| MEXC SWARMS_USDT | +0.1044% | 4h | 0.008318 | +0.253% | $153K | $98K | 100x | as long as short |
| Binance SWARMSUSDTshort | +0.1046% | 4h | 0.008316 | +0.231% | $3.6M | $3.7M | 20x | |
| Extended SWARMS-USD | +0.1048% | 1h | 0.008310 | +0.159% | $7K | $143K | 5x | as long as short |
| BloFin SWARMS-USDTlong | +0.1072% | 4h | 0.008297 | long leg | $232K | $7K | 20x | |
| KuCoin SWARMSUSDTM | +0.1342% | 4h | 0.008311 | +0.169% | $781K | $134K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1524% | 4h | 0.008312 | +0.177% | $31K | $139K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3293% | 1h | 0.008359 | +0.742% | $9K | $209 | 10x | as long as short |
Gate SWARMS_USDT
BingX SWARMS-USDT
MEXC SWARMS_USDT
Extended SWARMS-USD
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD