Funding you earn now, next payment 12:00 UTC+0.1278%/8h= +139.9% APRnext payment +$6.39 per $10,000 · paid last 24h +0.132%
Price spread now: KuCoin against Gate+0.122%7-day average −0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,675as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,680as in the Price arb table
costs, in and out, $10k−$2,70227.018% of the position
Funding, last 7 days+0.269%+$27 on $10k
+Price spread, last 4 days (all we have)−0.431%−$43 · spread now +0.122%, 7d avg −0.097%
=Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and KuCoin is 0.219% dearer against Gate than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.097%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.269% in total (about 14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.39 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 | 0.008178 | 0.0100 | pay 0.0050% / 4h | 3h 50m | $946K | $114K | 10x |
| Short | KuCoin SWARMSUSDTM | 0.008188 | 0.1378 | get 0.0689% / 4h | 3h 50m | $768K | $121K | 20x |
Gate SWARMS_USDT
KuCoin SWARMSUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $268.38
- Price spread: +0.122% → −0.097%
- $21.89
- Slippage, 4 orders
- −$2,674.79
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,411.52
- Costs to cover
- 27.018%
- Break-even
- 69.9 days
Slippage from Gate: live order book, 46 min ago; KuCoin: live order book, 4 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, 46 min ago | 7.86 bp | 771.2 bp −$771 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 17.10 bp | 720.2 bp −$720 | 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 | 0.008178 | long leg | $946K | $114K | 10x | |
| Extended SWARMS-USD | +0.0512% | 1h | 0.008186 | +0.095% | $7K | $209K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0512% | 4h | 0.008190 | +0.147% | $151K | $97K | 100x | as long as short |
| Binance SWARMSUSDT | +0.0513% | 4h | 0.008185 | +0.086% | $3.5M | $3.5M | 20x | as long as short |
| BloFin SWARMS-USDT | +0.0531% | 4h | 0.008198 | +0.245% | $227K | $8K | 20x | as long as short |
| BingX SWARMS-USDT | +0.0546% | 4h | 0.008182 | +0.049% | — | $6.5M | — | as long as short |
| Aster SWARMSUSDT | +0.0641% | 4h | 0.008173 | −0.065% | $31K | $102K | 5x | as long as short |
| KuCoin SWARMSUSDTMshort | +0.1378% | 4h | 0.008188 | +0.122% | $768K | $121K | 20x | |
| Kraken Futures PF_SWARMSUSD | +3.9992% | 1h | 0.008228 | +0.606% | $9K | $45 | 10x | as long as short |
Extended SWARMS-USD
MEXC SWARMS_USDT
Binance SWARMSUSDT
BloFin SWARMS-USDT
BingX SWARMS-USDT
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD