Funding you earn now, next payment 04:00 UTC−0.0513%/8h= −56.1% APRnext payment −$2.56 per $10,000 · paid last 24h −0.063%
Price spread now: Gate against BloFin+0.110%7-day average −0.243% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,050as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,963as in the Price arb table
costs, in and out, $10k−$1,99919.986% of the position
Funding, last 7 days−0.512%−$51 on $10k
+Price spread, last 4 days (all we have)−0.332%−$33 · spread now +0.110%, 7d avg −0.243%
=The price spread pays, funding is against you. Gate is 0.354% dearer against BloFin than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of −0.243%): +$35 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.512% in total) that is about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SWARMS-USDT | 0.008171 | 0.0613 | pay 0.0306% / 4h | 49m 04s | $230K | $7K | 20x |
| Short | Gate SWARMS_USDT | 0.008180 | 0.0100 | get 0.0050% / 4h | 49m 04s | $943K | $119K | 10x |
BloFin SWARMS-USDT
Gate SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$107.63
- Price spread: +0.110% → −0.243%
- $35.35
- Slippage, 4 orders
- −$1,971.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$2,070.87
- Costs to cover
- 19.986%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 49 min ago; Gate: live order book, 8 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, 49 min ago | 12.23 bp | 39.3 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 8 min ago | 5.48 bp | 857.8 bp −$858 | 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 | 0.008180 | +0.110% | $943K | $119K | 10x | |
| KuCoin SWARMSUSDTM | +0.0470% | 4h | 0.008167 | −0.049% | $779K | $142K | 20x | as long as short |
| BingX SWARMS-USDT | +0.0512% | 4h | 0.008169 | −0.024% | — | $6.5M | — | as long as short |
| Extended SWARMS-USD | +0.0552% | 1h | 0.008172 | +0.009% | $7K | $149K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0554% | 4h | 0.008172 | +0.012% | $145K | $101K | 100x | as long as short |
| Binance SWARMSUSDT | +0.0555% | 4h | 0.008174 | +0.037% | $3.5M | $4.3M | 20x | as long as short |
| BloFin SWARMS-USDTlong | +0.0613% | 4h | 0.008171 | long leg | $230K | $7K | 20x | |
| Aster SWARMSUSDT | +0.0817% | 4h | 0.008169 | −0.029% | $31K | $139K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3273% | 1h | 0.008226 | +0.675% | $9K | $380 | 10x | as long as short |
KuCoin SWARMSUSDTM
BingX SWARMS-USDT
Extended SWARMS-USD
MEXC SWARMS_USDT
Binance SWARMSUSDT
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD