Funding you earn now, next payment 05:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h +0.068%
Price spread now: Extended against Gate+0.097%7-day average +0.152% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,022as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,079as in the Price arb table
costs, in and out, $10k−$2,07320.733% of the position
Funding, last 7 days+0.509%+$51 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.097%, 7d avg +0.152%
=Together, before fees+0.463%+ Points / potential airdropExtended: Active · farm board+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.055% cheaper against Gate than usual: you would sell low and buy high (spread +0.097% now, against its 7-day average of +0.152%). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.509% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.509% in total (about 26.6% a year). A funding rate is set anew for every payment. 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 | 0.008264 | 0.0100 | pay 0.0050% / 4h | 3h 12m | $950K | $108K | 10x |
| Short | Extended SWARMS-USD | 0.008272 | 0.0920 | get 0.0115% / 1h | 12m 34s | $8K | $211K | 5x |
Gate SWARMS_USDT
Extended SWARMS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $172.2
- Price spread: +0.097% → +0.152%
- −$5.52
- Slippage, 4 orders
- −$2,053.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$1,906.61
- Costs to cover
- 20.733%
- Break-even
- 84.5 days
Slippage from Gate: live order book, 39 min ago; Extended: live order book, 38 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, 39 min ago | 6.61 bp | 939.4 bp −$939 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 38 min ago | 9.01 bp | 131.0 bp −$131 | doesn't fit | 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 | 0.008264 | long leg | $950K | $108K | 10x | |
| BingX SWARMS-USDT | +0.0856% | 4h | 0.008273 | +0.109% | — | $6.5M | — | as long as short |
| Binance SWARMSUSDT | +0.0904% | 4h | 0.008272 | +0.096% | $3.6M | $3.4M | 20x | as long as short |
| MEXC SWARMS_USDT | +0.0918% | 4h | 0.008269 | +0.061% | $156K | $101K | 100x | as long as short |
| Extended SWARMS-USDshort | +0.0920% | 1h | 0.008272 | +0.097% | $8K | $211K | 5x | |
| BloFin SWARMS-USDT | +0.0968% | 4h | 0.008278 | +0.169% | $232K | $7K | 20x | as long as short |
| KuCoin SWARMSUSDTM | +0.1156% | 4h | 0.008291 | +0.327% | $777K | $121K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1390% | 4h | 0.008292 | +0.343% | $31K | $102K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3346% | 1h | 0.008326 | +0.747% | $9K | $149 | 10x | as long as short |
BingX SWARMS-USDT
Binance SWARMSUSDT
MEXC SWARMS_USDT
BloFin SWARMS-USDT
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD