Funding you earn now, next payment 04:00 UTC+0.0886%/8h= +97.0% APRnext payment +$4.43 per $10,000 · paid last 24h +0.065%
Price spread now: Binance against Gate+0.355%7-day average +0.184% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,954as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,986as in the Price arb table
costs, in and out, $10k−$2,00320.034% of the position
Funding, last 7 days+0.499%+$50 on $10k
+Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.355%, 7d avg +0.184%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Binance is 0.171% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.184%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.499% in total (about 26.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SWARMS_USDT | 0.008287 | 0.0100 | pay 0.0050% / 4h | 3m 46s | $956K | $120K | 10x |
| Short | Binance SWARMSUSDT | 0.008316 | 0.0986 | get 0.0493% / 4h | 3m 46s | $3.6M | $3.7M | 20x |
Gate SWARMS_USDT
Binance SWARMSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $186.09
- Price spread: +0.355% → +0.184%
- $17.09
- Slippage, 4 orders
- −$1,978.42
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,800.24
- Costs to cover
- 20.034%
- Break-even
- 74.7 days
Slippage from Gate: live order book, 53 min ago; Binance: live order book, 3 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 Gate live order book, 53 min ago | 5.48 bp | 1056.2 bp −$1,056 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 4.22 bp | 43.7 bp −$44 | 245.1 bp −$2,451 | 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_USDTlong | +0.0100% | 4h | 0.008287 | long leg | $956K | $120K | 10x | |
| BingX SWARMS-USDT | +0.0940% | 4h | 0.008318 | +0.374% | — | $6.5M | — | as long as short |
| BloFin SWARMS-USDT | +0.0954% | 4h | 0.008288 | +0.012% | $232K | $7K | 20x | as long as short |
| Extended SWARMS-USD | +0.0984% | 1h | 0.008303 | +0.192% | $7K | $143K | 5x | as long as short |
| Binance SWARMSUSDTshort | +0.0986% | 4h | 0.008316 | +0.355% | $3.6M | $3.7M | 20x | |
| MEXC SWARMS_USDT | +0.0988% | 4h | 0.008311 | +0.290% | $153K | $105K | 100x | as long as short |
| KuCoin SWARMSUSDTM | +0.1316% | 4h | 0.008275 | −0.145% | $778K | $135K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1451% | 4h | 0.008289 | +0.029% | $31K | $139K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3080% | 1h | 0.008348 | +0.733% | $9K | $209 | 10x | as long as short |
BingX SWARMS-USDT
BloFin SWARMS-USDT
Extended SWARMS-USD
MEXC SWARMS_USDT
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD