Funding you earn now, next payment 08:00 UTC+0.0709%/8h= +77.7% APRnext payment +$3.55 per $10,000 · paid last 24h +0.094%
Price spread now: BloFin against Gate+0.194%93s7-day average +0.246% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9,781as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$9,83598.354% of the position
Funding, last 7 days+0.545%+$54 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.194%, 7d avg +0.246%
=Funding pays, the price is against you. BloFin is 0.051% cheaper against Gate than usual: you would sell low and buy high (spread +0.194% now, against its 7-day average of +0.246%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.545% in total) that is about 16 hours. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SWARMS_USDT | 0.008240 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $947K | $108K | 10x |
| Short | BloFin SWARMS-USDT | 0.008256 | 0.0809 | get 0.0405% / 4h | 2h 19m | $230K | $8K | 20x |
Gate SWARMS_USDT
BloFin SWARMS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $148.99
- Price spread: +0.194% → +0.246%
- −$5.14
- Slippage, 4 orders
- −$9,808.42
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$9,691.56
- Costs to cover
- 98.354%
- Break-even
- 462.3 days
Slippage from Gate: live order book, 27 min ago; BloFin: live order book, 61 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, 27 min ago | 7.22 bp | 726.9 bp −$727 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 61 min ago | 2.41 bp | 33.2 bp −$33 | 129.7 bp −$1,297 | 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 | 0.008240 | long leg | $947K | $108K | 10x | |
| BloFin SWARMS-USDTshort | +0.0809% | 4h | 0.008256 | +0.194% | $230K | $8K | 20x | |
| BingX SWARMS-USDT | +0.0820% | 4h | 0.008284 | +0.534% | — | $6.5M | — | as long as short |
| MEXC SWARMS_USDT | +0.0852% | 4h | 0.008290 | +0.607% | $154K | $99K | 100x | as long as short |
| Extended SWARMS-USD | +0.0856% | 1h | 0.008286 | +0.554% | $10K | $216K | 5x | as long as short |
| Binance SWARMSUSDT | +0.0873% | 4h | 0.008288 | +0.583% | $3.6M | $3.4M | 20x | as long as short |
| KuCoin SWARMSUSDTM | +0.1246% | 4h | 0.008275 | +0.425% | $776K | $119K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1363% | 4h | 0.008252 | +0.146% | $31K | $101K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3092% | 1h | 0.008326 | +1.047% | $9K | $149 | 10x | as long as short |
BingX SWARMS-USDT
MEXC SWARMS_USDT
Extended SWARMS-USD
Binance SWARMSUSDT
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD