Funding you earn now, next payment 09:00 UTC−3.9681%/8h= −4345.0% APRpaid last 24h −4.216%
Price spread now: BloFin against Kraken Futures−0.647%57s7-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 −$1,190 a day on $10k at the current rate, and BloFin is 0.647% cheaper against Kraken Futures than usual: you would sell low and buy high (−$65 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | Kraken Futures PF_SWARMSUSD | 0.008216 | 4.0047 | pay 0.5006% / 1h | 37m 54s | $9K | $45 | 10x |
| Short | BloFin SWARMS-USDT | 0.008163 | 0.0367 | get 0.0183% / 4h | 3h 37m | $222K | $8K | 20x |
Kraken Futures PF_SWARMSUSD
BloFin SWARMS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$8,332.93
- Price spread: −0.647% → 0.000%
- −$64.69
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$8,419.62
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 28 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 BloFin live order book, 28 min ago | 1.81 bp | 65.7 bp −$66 | doesn't fit | 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 | 0.008144 | −0.878% | $942K | $115K | 10x | as long as short |
| BloFin SWARMS-USDTshort | +0.0367% | 4h | 0.008163 | −0.647% | $222K | $8K | 20x | |
| Binance SWARMSUSDT | +0.0405% | 4h | 0.008169 | −0.572% | $3.5M | $3.5M | 20x | as long as short |
| Extended SWARMS-USD | +0.0408% | 1h | 0.008167 | −0.599% | $7K | $209K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0416% | 4h | 0.008167 | −0.598% | $151K | $98K | 100x | as long as short |
| BingX SWARMS-USDT | +0.0432% | 4h | 0.008169 | −0.574% | — | $6.5M | — | as long as short |
| Aster SWARMSUSDT | +0.0509% | 4h | 0.008138 | −0.947% | $30K | $102K | 5x | as long as short |
| KuCoin SWARMSUSDTM | +0.1226% | 4h | 0.008147 | −0.842% | $764K | $121K | 20x | as long as short |
| Kraken Futures PF_SWARMSUSDlong | +4.0047% | 1h | 0.008216 | long leg | $9K | $45 | 10x |
Gate SWARMS_USDT
Binance SWARMSUSDT
Extended SWARMS-USD
MEXC SWARMS_USDT
BingX SWARMS-USDT
Aster SWARMSUSDT
KuCoin SWARMSUSDTM