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

SWARMS

all SWARMS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+1.1787%/8h= +1290.6% APRpaid last 24h +4.099%
Price spread now: Kraken Futures against KuCoin+0.269%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$354 a day on $10k at the current rate, and Kraken Futures is 0.269% dearer against KuCoin than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin SWARMSUSDTM0.0083340.1258pay 0.0629% / 4h2h 49m$781K$119K20x
ShortKraken Futures PF_SWARMSUSD0.0083561.3045get 0.1631% / 1h49m 04s$9K$14910x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$2,475.18
Price spread: +0.269% → 0.000%
$26.9
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$2,480.08
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: KuCoin: live order book, 25 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 25 min ago16.30 bp623.6 bp −$624doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate SWARMS_USDT+0.0100%4h0.008325−0.108%$957K$106K10xas long as short
BingX SWARMS-USDT+0.0818%4h0.008335+0.012%$6.5Mas long as short
MEXC SWARMS_USDT+0.0882%4h0.008338+0.048%$157K$96K100xas long as short
BloFin SWARMS-USDT+0.0901%4h0.008347+0.156%$231K$7K20xas long as short
Extended SWARMS-USD+0.0904%1h0.008339+0.058%$9K$213K5xas long as short
Binance SWARMSUSDT+0.0905%4h0.008341+0.084%$3.6M$3.4M20xas long as short
KuCoin SWARMSUSDTMlong+0.1258%4h0.008334long leg$781K$119K20x
Aster SWARMSUSDT+0.1382%4h0.008350+0.187%$31K$101K5xas long as short
Kraken Futures PF_SWARMSUSDshort+1.3045%1h0.008356+0.269%$9K$14910x