Funding you earn now, next payment 09:00 UTC−3.9376%/8h= −4311.6% APRpaid last 24h −4.220%
Price spread now: MEXC against Kraken Futures−0.733%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 −$1,181 a day on $10k at the current rate, and MEXC is 0.733% cheaper against Kraken Futures than usual: you would sell low and buy high (−$73 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 | 0.008259 | 3.9842 | pay 0.4980% / 1h | 43m 53s | $9K | $45 | 10x |
| Short | MEXC SWARMS_USDT | 0.008198 | 0.0466 | get 0.0233% / 4h | 3h 43m | $151K | $97K | 100x |
Kraken Futures PF_SWARMSUSD
MEXC SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$8,268.91
- Price spread: −0.733% → 0.000%
- −$73.34
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$8,356.25
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 26 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 MEXC live order book, 26 min ago | 1.81 bp | 37.3 bp −$37 | 78.3 bp −$783 | 233.5 bp −$23.3K | 544.5 bp −$272.3K |
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 | 0.008195 | −0.770% | $948K | $114K | 10x | as long as short |
| Binance SWARMSUSDT | +0.0455% | 4h | 0.008204 | −0.661% | $3.5M | $3.5M | 20x | as long as short |
| Extended SWARMS-USD | +0.0456% | 1h | 0.008202 | −0.688% | $7K | $209K | 5x | as long as short |
| MEXC SWARMS_USDTshort | +0.0466% | 4h | 0.008198 | −0.733% | $151K | $97K | 100x | |
| BingX SWARMS-USDT | +0.0478% | 4h | 0.008201 | −0.697% | — | $6.5M | — | as long as short |
| BloFin SWARMS-USDT | +0.0486% | 4h | 0.008213 | −0.552% | $224K | $8K | 20x | as long as short |
| Aster SWARMSUSDT | +0.0575% | 4h | 0.008196 | −0.752% | $31K | $102K | 5x | as long as short |
| KuCoin SWARMSUSDTM | +0.1306% | 4h | 0.008208 | −0.612% | $770K | $121K | 20x | as long as short |
| Kraken Futures PF_SWARMSUSDlong | +3.9842% | 1h | 0.008259 | long leg | $9K | $45 | 10x |
Gate SWARMS_USDT
Binance SWARMSUSDT
Extended SWARMS-USD
BingX SWARMS-USDT
BloFin SWARMS-USDT
Aster SWARMSUSDT
KuCoin SWARMSUSDTM