Funding you earn now, next payment 08:00 UTC−0.0960%/8h= −105.1% APRnext payment −$4.80 per $10,000 · paid last 24h −0.063%
Price spread now: Gate against KuCoin−0.121%7-day average +0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3,244as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3,243as in the Price arb table
costs, in and out, $10k−$3,22132.206% of the position
Funding, last 7 days−0.229%−$23 on $10k
+Price spread, last 4 days (all we have)+0.215%+$22 · spread now −0.121%, 7d avg +0.099%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Gate is 0.220% cheaper against KuCoin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.099%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.229% in total (about -12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.80 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 | 0.008250 | 0.1060 | pay 0.0530% / 4h | 2h 59m | $773K | $120K | 20x |
| Short | Gate SWARMS_USDT | 0.008240 | 0.0100 | get 0.0050% / 4h | 2h 59m | $947K | $108K | 10x |
KuCoin SWARMSUSDTM
Gate SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$201.6
- Price spread: −0.121% → +0.099%
- −$21.99
- Slippage, 4 orders
- −$3,193.57
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$3,444.15
- Costs to cover
- 32.206%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 15 min ago; Gate: live order book, 52 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, 15 min ago | 16.30 bp | 623.6 bp −$624 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 52 min ago | 6.61 bp | 887.4 bp −$887 | 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_USDTshort | +0.0100% | 4h | 0.008240 | −0.121% | $947K | $108K | 10x | |
| BloFin SWARMS-USDT | +0.0805% | 4h | 0.008247 | −0.036% | $231K | $7K | 20x | as long as short |
| Binance SWARMSUSDT | +0.0815% | 4h | 0.008255 | +0.060% | $3.5M | $3.4M | 20x | as long as short |
| Extended SWARMS-USD | +0.0816% | 1h | 0.008255 | +0.057% | $9K | $213K | 5x | as long as short |
| BingX SWARMS-USDT | +0.0816% | 4h | 0.008253 | +0.036% | — | $6.5M | — | as long as short |
| MEXC SWARMS_USDT | +0.0830% | 4h | 0.008260 | +0.121% | $155K | $102K | 100x | as long as short |
| KuCoin SWARMSUSDTMlong | +0.1060% | 4h | 0.008250 | long leg | $773K | $120K | 20x | |
| Aster SWARMSUSDT | +0.1271% | 4h | 0.008258 | +0.096% | $31K | $102K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3379% | 1h | 0.008305 | +0.672% | $9K | $149 | 10x | as long as short |
BloFin SWARMS-USDT
Binance SWARMSUSDT
Extended SWARMS-USD
BingX SWARMS-USDT
MEXC SWARMS_USDT
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD