Settings8H · net · $10k
Funding arb · Price arb /

SWARMS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h +0.078%
Price spread now: Aster against Extended+0.292%7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$1,086as in the Price arb table
costs, in and out, $10k−$1,12211.222% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.135%−$14 on $10k
Price spread, last 4 days (all we have)−0.449%−$45 · spread now +0.292%, 7d avg −0.067%
Together, before fees−0.584%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$58 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Aster is 0.359% dearer against Extended than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.067%. Mind the row above: over the last 6 days funding on this pair cost −0.135%, 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 6 days it paid -0.135% in total (about -8.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SWARMS-USD0.0082720.0920pay 0.0115% / 1h12m 48s$12K$206K5x
ShortAster SWARMSUSDT0.0082960.1390get 0.0695% / 4h3h 12m$31K$102K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$98.71
Price spread: +0.292% → −0.067%
$35.85
Slippage, 4 orders
−$1,109.2
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$987.64
Costs to cover
11.222%
Break-even
77.0 days
Slippage from Extended: live order book, 38 min ago; Aster: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 38 min ago9.01 bp115.5 bp −$115823.9 bp −$8,239doesn't fitdoesn't fit
Sell Aster live order book, 38 min ago15.61 bp449.7 bp −$450doesn't fitdoesn't fitdoesn't fit

SWARMS on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SWARMS_USDT+0.0100%4h0.008264−0.092%$950K$108K10xas long as short
BingX SWARMS-USDT+0.0856%4h0.008268−0.043%$6.5Mas long as short
Binance SWARMSUSDT+0.0904%4h0.008274+0.035%$3.6M$3.4M20xas long as short
MEXC SWARMS_USDT+0.0918%4h0.008278+0.078%$156K$101K100xas long as short
Extended SWARMS-USDlong+0.0920%1h0.008272long leg$12K$206K5x
BloFin SWARMS-USDT+0.0968%4h0.008278+0.078%$232K$7K20xas long as short
KuCoin SWARMSUSDTM+0.1156%4h0.008291+0.235%$777K$121K20xas long as short
Aster SWARMSUSDTshort+0.1390%4h0.008296+0.292%$31K$102K5x
Kraken Futures PF_SWARMSUSD+1.3346%1h0.008326+0.655%$9K$14910xas long as short