Funding you earn now, next payment 12:00 UTC−0.0776%/8h= −85.0% APRnext payment −$3.88 per $10,000 · paid last 24h −0.010%
Price spread now: BloFin against KuCoin+0.110%7-day average +0.327% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,097as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,149as in the Price arb table
costs, in and out, $10k−$1,12811.276% of the position
Funding, last 7 days+0.304%+$30 on $10k
+Price spread, last 4 days (all we have)+0.244%+$24 · spread now +0.110%, 7d avg +0.327%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and BloFin is 0.217% cheaper against KuCoin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.327%). 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.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.304% in total (about 15.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SWARMSUSDTM | 0.008154 | 0.1154 | pay 0.0577% / 4h | 3h 28m | $765K | $121K | 20x |
| Short | BloFin SWARMS-USDT | 0.008163 | 0.0378 | get 0.0189% / 4h | 3h 28m | $223K | $8K | 20x |
KuCoin SWARMSUSDTM
BloFin SWARMS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$163.01
- Price spread: +0.110% → +0.327%
- −$21.7
- Slippage, 4 orders
- −$1,103.64
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$1,312.35
- Costs to cover
- 11.276%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 26 min ago; BloFin: live order book, 37 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, 26 min ago | 17.10 bp | 293.1 bp −$293 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 37 min ago | 1.81 bp | 65.7 bp −$66 | doesn't fit | 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 | 0.008146 | −0.098% | $941K | $115K | 10x | as long as short |
| Binance SWARMSUSDT | +0.0321% | 4h | 0.008162 | +0.099% | $3.5M | $3.5M | 20x | as long as short |
| MEXC SWARMS_USDT | +0.0332% | 4h | 0.008154 | 0.000% | $151K | $98K | 100x | as long as short |
| Extended SWARMS-USD | +0.0336% | 1h | 0.008154 | −0.004% | $10K | $212K | 5x | as long as short |
| BingX SWARMS-USDT | +0.0370% | 4h | 0.008158 | +0.049% | — | $6.5M | — | as long as short |
| BloFin SWARMS-USDTshort | +0.0378% | 4h | 0.008163 | +0.110% | $223K | $8K | 20x | |
| Aster SWARMSUSDT | +0.0408% | 4h | 0.008124 | −0.364% | $30K | $102K | 5x | as long as short |
| KuCoin SWARMSUSDTMlong | +0.1154% | 4h | 0.008154 | long leg | $765K | $121K | 20x | |
| Kraken Futures PF_SWARMSUSD | +4.0165% | 1h | 0.008192 | +0.467% | $9K | $45 | 10x | as long as short |
Gate SWARMS_USDT
Binance SWARMSUSDT
MEXC SWARMS_USDT
Extended SWARMS-USD
BingX SWARMS-USDT
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD