Funding you earn now, next payment 08:00 UTC−1.1678%/8h= −1278.7% APRpaid last 24h −4.176%
Price spread now: Binance against Kraken Futures−0.411%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$350 a day on $10k at the current rate, and Binance is 0.411% cheaper against Kraken Futures than usual: you would sell low and buy high (−$41 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SWARMSUSD | 0.008366 | 1.2464 | pay 0.1558% / 1h | 40m 14s | $9K | $45 | 10x |
| Short | Binance SWARMSUSDT | 0.008332 | 0.0786 | get 0.0393% / 4h | 40m 14s | $3.6M | $3.4M | 20x |
Kraken Futures PF_SWARMSUSD
Binance SWARMSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$2,452.39
- Price spread: −0.411% → 0.000%
- −$41.12
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$2,513.51
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Binance: live order book, 11 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 11 min ago | 3.00 bp | 49.9 bp −$50 | 248.9 bp −$2,489 | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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_USDT | +0.0100% | 4h | 0.008316 | −0.598% | $960K | $113K | 10x | as long as short |
| BloFin SWARMS-USDT | +0.0756% | 4h | 0.008356 | −0.120% | $229K | $8K | 20x | as long as short |
| BingX SWARMS-USDT | +0.0771% | 4h | 0.008324 | −0.502% | — | $6.5M | — | as long as short |
| Extended SWARMS-USD | +0.0784% | 1h | 0.008329 | −0.443% | $7K | $191K | 5x | as long as short |
| Binance SWARMSUSDTshort | +0.0786% | 4h | 0.008332 | −0.411% | $3.6M | $3.4M | 20x | |
| MEXC SWARMS_USDT | +0.0794% | 4h | 0.008332 | −0.407% | $154K | $98K | 100x | as long as short |
| Aster SWARMSUSDT | +0.1245% | 4h | 0.008337 | −0.342% | $31K | $101K | 5x | as long as short |
| KuCoin SWARMSUSDTM | +0.1266% | 4h | 0.008338 | −0.335% | $781K | $120K | 20x | as long as short |
| Kraken Futures PF_SWARMSUSDlong | +1.2464% | 1h | 0.008366 | long leg | $9K | $45 | 10x |
Gate SWARMS_USDT
BloFin SWARMS-USDT
BingX SWARMS-USDT
Extended SWARMS-USD
MEXC SWARMS_USDT
Aster SWARMSUSDT
KuCoin SWARMSUSDTM