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

SWARMS

all SWARMS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h −0.009%
Price spread now: KuCoin against Extended−0.105%7-day average −0.250% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,669as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,626as in the Price arb table
costs, in and out, $10k−$1,64016.402% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.283%−$28 on $10k
Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.105%, 7d avg −0.250%
Together, before fees−0.323%+ Points / potential airdropExtended: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and KuCoin is 0.145% dearer against Extended than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.250%. Mind the row above: over the last 7 days funding on this pair cost −0.283%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended SWARMS-USD0.0083490.0864pay 0.0108% / 1h51m 18s$9K$213K5x
ShortKuCoin SWARMSUSDTM0.0083400.1188get 0.0594% / 4h2h 51m$782K$119K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$68.04
Price spread: −0.105% → −0.250%
$14.52
Slippage, 4 orders
−$1,623.18
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,557.61
Costs to cover
16.402%
Break-even
167.2 days
Slippage from Extended: live order book, 59 min ago; KuCoin: live order book, 23 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, 59 min ago9.01 bp115.5 bp −$115823.9 bp −$8,239doesn't fitdoesn't fit
Sell KuCoin live order book, 23 min ago16.30 bp770.1 bp −$770doesn'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%4h0.008334−0.177%$957K$105K10xas long as short
BingX SWARMS-USDT+0.0774%4h0.008349+0.003%$6.5Mas long as short
BloFin SWARMS-USDT+0.0808%4h0.008327−0.261%$230K$7K20xas long as short
MEXC SWARMS_USDT+0.0860%4h0.008353+0.051%$159K$96K100xas long as short
Binance SWARMSUSDT+0.0860%4h0.008351+0.027%$3.6M$3.4M20xas long as short
Extended SWARMS-USDlong+0.0864%1h0.008349long leg$9K$213K5x
KuCoin SWARMSUSDTMshort+0.1188%4h0.008340−0.105%$782K$119K20x
Aster SWARMSUSDT+0.1355%4h0.008355+0.076%$31K$101K5xas long as short
Kraken Futures PF_SWARMSUSD+1.3001%1h0.008385+0.431%$9K$14910xas long as short