Funding you earn now, next payment 08:00 UTC−0.0447%/8h= −49.0% APRnext payment −$2.24 per $10,000 · paid last 24h −0.059%
Price spread now: BingX against Aster+0.012%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$1,151as in the Price arb table
costs, in and out, $10k−$1,14211.417% of the position
Funding, last 6 days (all we have)+0.135%+$13 on $10k
+Price spread, last 4 days (all we have)+0.229%+$23 · spread now +0.012%, 7d avg +0.101%
=Together, before fees+0.363%+ Points / potential airdropAster: Stage 5 · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BingX is 0.089% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.101%). Swap the legs. Mind the row above: over the last 6 days funding on this pair paid +0.135%, 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 6 days it paid 0.135% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.24 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 | Aster SWARMSUSDT | 0.008248 | 0.1195 | pay 0.0598% / 4h | 1h 43m | $31K | $101K | 5x |
| Short | BingX SWARMS-USDT | 0.008249 | 0.0748 | get 0.0374% / 4h | 1h 43m | — | $6.5M | — |
Aster SWARMSUSDT
BingX SWARMS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Aster. 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
- −$93.95
- Price spread: +0.012% → +0.101%
- −$8.88
- Slippage, 4 orders
- −$1,123.66
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,244.48
- Costs to cover
- 11.417%
- Break-even
- never at this rate
Slippage from Aster: live order book, 63 min ago; BingX: live order book, 8 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 Aster live order book, 63 min ago | 16.84 bp | 593.7 bp −$594 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 3.04 bp | 40.5 bp −$41 | 210.5 bp −$2,105 | 630.3 bp −$63.0K | 798.9 bp −$399.5K |
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 | 0.008235 | −0.158% | $951K | $111K | 10x | as long as short |
| MEXC SWARMS_USDT | +0.0740% | 4h | 0.008255 | +0.085% | $151K | $97K | 100x | as long as short |
| Binance SWARMSUSDT | +0.0742% | 4h | 0.008249 | +0.012% | $3.5M | $3.4M | 20x | as long as short |
| Extended SWARMS-USD | +0.0744% | 1h | 0.008254 | +0.071% | $7K | $201K | 5x | as long as short |
| BingX SWARMS-USDTshort | +0.0748% | 4h | 0.008249 | +0.012% | — | $6.5M | — | |
| BloFin SWARMS-USDT | +0.0785% | 4h | 0.008259 | +0.133% | $229K | $8K | 20x | as long as short |
| KuCoin SWARMSUSDTM | +0.1008% | 4h | 0.008237 | −0.133% | $772K | $119K | 20x | as long as short |
| Aster SWARMSUSDTlong | +0.1195% | 4h | 0.008248 | long leg | $31K | $101K | 5x | |
| Kraken Futures PF_SWARMSUSD | +1.3742% | 1h | 0.008294 | +0.562% | $9K | $134 | 10x | as long as short |
Gate SWARMS_USDT
MEXC SWARMS_USDT
Binance SWARMSUSDT
Extended SWARMS-USD
BloFin SWARMS-USDT
KuCoin SWARMSUSDTM
Kraken Futures PF_SWARMSUSD