Settings8H · net · $10k
Funding arb · Price arb /

SWARMS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0358%/8h= −39.2% APRpaid last 24h +0.009%
Price spread now: Extended against KuCoin−0.050%7-day average +0.248% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,554as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,612as in the Price arb table
costs, in and out, $10k−$1,58215.825% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.283%+$28 on $10k
Price spread, last 4 days (all we have)+0.253%+$25 · spread now −0.050%, 7d avg +0.248%
Together, before fees+0.537%+ Points / potential airdropExtended: Active · farm board+$54 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Extended is 0.298% cheaper against KuCoin than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.248%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.283%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SWARMSUSDTM0.0082670.1254pay 0.0627% / 4h2h 11m$775K$119K20x
ShortExtended SWARMS-USD0.0082630.0896get 0.0112% / 1h11m 39s$10K$213K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$75.18
Price spread: −0.050% → +0.248%
−$29.83
Slippage, 4 orders
−$1,565.46
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$1,687.46
Costs to cover
15.825%
Break-even
never at this rate
Slippage from KuCoin: live order book, 63 min ago; Extended: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 63 min ago16.30 bp623.6 bp −$624doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 35 min ago7.21 bp70.6 bp −$71doesn't fitdoesn't fitdoesn't fit

SWARMS on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SWARMS_USDT+0.0100%4h0.008239−0.339%$947K$109K10xas long as short
BingX SWARMS-USDT+0.0830%4h0.008259−0.097%$6.5Mas long as short
BloFin SWARMS-USDT+0.0855%4h0.008278+0.133%$229K$8K20xas long as short
MEXC SWARMS_USDT+0.0872%4h0.008269+0.024%$154K$99K100xas long as short
Binance SWARMSUSDT+0.0894%4h0.008268+0.012%$3.6M$3.4M20xas long as short
Extended SWARMS-USDshort+0.0896%1h0.008263−0.050%$10K$213K5x
KuCoin SWARMSUSDTMlong+0.1254%4h0.008267long leg$775K$119K20x
Aster SWARMSUSDT+0.1384%4h0.008248−0.230%$31K$101K5xas long as short
Kraken Futures PF_SWARMSUSD+1.3088%1h0.008329+0.746%$9K$13410xas long as short