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

SWARMS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0460%/8h= −50.4% APRpaid last 24h −0.058%
Price spread now: Gate against Extended−0.520%7-day average −0.151% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.499%−$50 on $10k
Price spread, last 4 days (all we have)+0.873%+$87 · spread now −0.520%, 7d avg −0.151%
Together, before fees+0.374%+ Points / potential airdropExtended: Active · farm board+$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Gate is 0.368% cheaper against Extended than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.151%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SWARMS-USD0.0082240.0560pay 0.0070% / 1h42m 34s$7K$148K5x
ShortGate SWARMS_USDT0.0081810.0100get 0.0050% / 4h1h 42m$943K$136K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$96.6
Price spread: −0.520% → −0.151%
−$36.85
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$153.45
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 18 min ago; Gate: live order book, 19 min ago. Net counts fees only.

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, 18 min ago7.96 bp110.6 bp −$111823.5 bp −$8,235doesn't fitdoesn't fit
Sell Gate live order book, 19 min ago4.91 bpdoesn't fitdoesn'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_USDTshort+0.0100%4h0.008181−0.520%$943K$136K10x
KuCoin SWARMSUSDTM+0.0100%4h0.008193−0.374%$783K$141K20xas long as short
BloFin SWARMS-USDT+0.0518%4h0.008227+0.039%$230K$7K20xas long as short
Binance SWARMSUSDT+0.0545%4h0.008217−0.084%$3.5M$4.3M20xas long as short
MEXC SWARMS_USDT+0.0558%4h0.008226+0.027%$145K$100K100xas long as short
Extended SWARMS-USDlong+0.0560%1h0.008224long leg$7K$148K5x
BingX SWARMS-USDT+0.0582%4h0.008222−0.021%$6.5Mas long as short
Aster SWARMSUSDT+0.0667%4h0.008206−0.218%$31K$139K5xas long as short
Kraken Futures PF_SWARMSUSD+1.7380%1h0.008267+0.522%$9K$45610xas long as short