Funding you earn now, next payment 08:00 UTC−0.0293%/8h= −32.1% APRnext payment −$1.46 per $10,000 · paid last 24h +0.030%
Price spread now: Binance against KuCoin+0.217%7-day average +0.282% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,213as in the Price arb table
costs, in and out, $10k−$1,20612.064% of the position
Funding, last 7 days+0.304%+$30 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.217%, 7d avg +0.282%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.065% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.282%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.304%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SWARMSUSDTM | 0.008290 | 0.1192 | pay 0.0596% / 4h | 3h 30m | $778K | $129K | 20x |
| Short | Binance SWARMSUSDT | 0.008308 | 0.0899 | get 0.0450% / 4h | 3h 30m | $3.6M | $3.5M | 20x |
KuCoin SWARMSUSDTM
Binance SWARMSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- −$61.5
- Price spread: +0.217% → +0.282%
- −$6.49
- Slippage, 4 orders
- −$1,184.43
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$1,274.43
- Costs to cover
- 12.064%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 49 min ago; Binance: live order book, 6 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 KuCoin live order book, 49 min ago | 16.95 bp | 594.7 bp −$595 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 4.23 bp | 42.2 bp −$42 | 246.3 bp −$2,463 | 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_USDT | +0.0100% | 4h | 0.008271 | −0.229% | $951K | $107K | 10x | as long as short |
| BingX SWARMS-USDT | +0.0872% | 4h | 0.008308 | +0.217% | — | $6.5M | — | as long as short |
| BloFin SWARMS-USDT | +0.0885% | 4h | 0.008283 | −0.084% | $232K | $7K | 20x | as long as short |
| Extended SWARMS-USD | +0.0896% | 1h | 0.008306 | +0.187% | $7K | $139K | 5x | as long as short |
| Binance SWARMSUSDTshort | +0.0899% | 4h | 0.008308 | +0.217% | $3.6M | $3.5M | 20x | |
| MEXC SWARMS_USDT | +0.0900% | 4h | 0.008310 | +0.241% | $155K | $100K | 100x | as long as short |
| KuCoin SWARMSUSDTMlong | +0.1192% | 4h | 0.008290 | long leg | $778K | $129K | 20x | |
| Aster SWARMSUSDT | +0.1374% | 4h | 0.008300 | +0.118% | $31K | $139K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3301% | 1h | 0.008354 | +0.767% | $9K | $179 | 10x | as long as short |
Gate SWARMS_USDT
BingX SWARMS-USDT
BloFin SWARMS-USDT
Extended SWARMS-USD
MEXC SWARMS_USDT
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD