Funding you earn now, next payment 04:00 UTC−1.3127%/8h= −1437.4% APRpaid last 24h −3.925%
Price spread now: Gate against Kraken Futures−1.029%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 −$394 a day on $10k at the current rate, and Gate is 1.029% cheaper against Kraken Futures than usual: you would sell low and buy high (−$103 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 | 0.008255 | 1.3227 | pay 0.1653% / 1h | 46m 16s | $9K | $380 | 10x |
| Short | Gate SWARMS_USDT | 0.008170 | 0.0100 | get 0.0050% / 4h | 46m 16s | $942K | $119K | 10x |
Kraken Futures PF_SWARMSUSD
Gate SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$2,756.58
- Price spread: −1.029% → 0.000%
- −$102.89
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$2,884.47
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Gate: 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 Gate live order book, 11 min ago | 5.48 bp | 857.8 bp −$858 | 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_USDTshort | +0.0100% | 4h | 0.008170 | −1.029% | $942K | $119K | 10x | |
| KuCoin SWARMSUSDTM | +0.0462% | 4h | 0.008179 | −0.920% | $781K | $142K | 20x | as long as short |
| BingX SWARMS-USDT | +0.0528% | 4h | 0.008198 | −0.690% | — | $6.5M | — | as long as short |
| MEXC SWARMS_USDT | +0.0542% | 4h | 0.008196 | −0.714% | $146K | $101K | 100x | as long as short |
| Binance SWARMSUSDT | +0.0542% | 4h | 0.008200 | −0.665% | $3.5M | $4.3M | 20x | as long as short |
| Extended SWARMS-USD | +0.0544% | 1h | 0.008198 | −0.691% | $7K | $144K | 5x | as long as short |
| BloFin SWARMS-USDT | +0.0597% | 4h | 0.008169 | −1.041% | $229K | $7K | 20x | as long as short |
| Aster SWARMSUSDT | +0.0811% | 4h | 0.008173 | −0.989% | $31K | $139K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSDlong | +1.3227% | 1h | 0.008255 | long leg | $9K | $380 | 10x |
KuCoin SWARMSUSDTM
BingX SWARMS-USDT
MEXC SWARMS_USDT
Binance SWARMSUSDT
Extended SWARMS-USD
BloFin SWARMS-USDT
Aster SWARMSUSDT