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

SWARMS

all SWARMS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0012%/8h= +1.4% APRpaid last 24h +0.039%
Price spread now: BloFin against Extended+0.003%74s7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$269as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2782.775% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 5 days (all we have)+0.046%+$5 · spread now +0.003%, 7d avg +0.074%
Together, before fees+0.129%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.071% cheaper against Extended than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.074%). If the spread goes back, that is −$7 on $10k: about 19 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.084% in total) that is about 5.9 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SWARMS-USD0.0085380.1040pay 0.0130% / 1h6m 00s$8K$312K5x
ShortBloFin SWARMS-USDT0.0085380.1052get 0.0526% / 4h2h 06m$254K$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$2.61
Price spread: +0.003% → +0.074%
−$7.06
Slippage, 4 orders
−$260.54
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$281.99
Costs to cover
2.775%
Break-even
764.1 days
Slippage from Extended: live order book, 54 min ago; BloFin: live order book, 48 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, 54 min ago10.06 bp103.7 bp −$104831.0 bp −$8,310doesn't fitdoesn't fit
Sell BloFin live order book, 48 min ago5.88 bp41.0 bp −$41doesn't fitdoesn't fitdoesn't fit

SWARMS on 9 exchanges

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%4h0.008535−0.032%$978K$97K10xas long as short
KuCoin SWARMSUSDTM+0.0100%4h0.008507−0.360%$762K$132K20xas long as short
Aster SWARMSUSDT+0.0584%4h0.008532−0.070%$32K$37K5xas long as short
BingX SWARMS-USDT+0.1026%4h0.008540+0.027%$6.5Mas long as short
Extended SWARMS-USDlong+0.1040%1h0.008538long leg$8K$312K5x
Binance SWARMSUSDT+0.1043%4h0.008539+0.015%$3.7M$2.4M20xas long as short
BloFin SWARMS-USDTshort+0.1052%4h0.008538+0.003%$254K$27K20x
MEXC SWARMS_USDT+0.1056%4h0.008534−0.044%$149K$92K100xas long as short
Kraken Futures PF_SWARMSUSD+0.7309%1h0.008526−0.135%$11K$3K10xas long as short