SWARMS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0491%/8h= −53.8% APRnext payment −$2.46 per $10,000 · paid last 24h −0.053%

Price spread now: MEXC against Aster+0.538%7-day average +0.102% · 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−$1,048as in the Price arb table

costs, in and out, $10k−$1,09210.920% of the position

Long on Aster Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.166%+$17 on $10k

Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.538%, 7d avg +0.102%

Together, before fees−0.044%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.436% dearer against Aster than usual: you sell high and buy low (spread +0.538% now, against its 7-day average of +0.102%): +$44 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 6 days funding on this pair paid +0.166%, 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 0.166% in total (about 10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.46 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	0.008240	0.1343	pay 0.0672% / 4h	2h 20m	$31K	$101K	5x
Short	MEXC SWARMS_USDT	0.008284	0.0852	get 0.0426% / 4h	2h 20m	$154K	$99K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee MEXCbpOrdersPrice spread, now +0.538%Rate

Funding earned: −$103.13
Price spread: +0.538% → +0.102%: $43.55
Slippage, 4 orders: −$1,080.04
Fee Aster: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,151.61
Costs to cover: 10.920%
Break-even: never at this rate

Slippage from Aster: live order book, 25 min ago; MEXC: live order book, 65 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, 25 min ago	16.84 bp	593.7 bp −$594	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 65 min ago	3.02 bp	24.4 bp −$24	84.0 bp −$840	236.3 bp −$23.6K	511.3 bp −$255.6K

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	0.008230	−0.117%	$946K	$108K	10x	as long as short
BloFin SWARMS-USDT	+0.0809%	4h	0.008256	+0.198%	$230K	$8K	20x	as long as short
BingX SWARMS-USDT	+0.0842%	4h	0.008282	+0.514%	—	$6.5M	—	as long as short
MEXC SWARMS_USDTshort	+0.0852%	4h	0.008284	+0.538%	$154K	$99K	100x
Binance SWARMSUSDT	+0.0853%	4h	0.008285	+0.556%	$3.6M	$3.4M	20x	as long as short
Extended SWARMS-USD	+0.0856%	1h	0.008282	+0.519%	$10K	$216K	5x	as long as short
KuCoin SWARMSUSDTM	+0.1244%	4h	0.008253	+0.162%	$774K	$119K	20x	as long as short
Aster SWARMSUSDTlong	+0.1343%	4h	0.008240	long leg	$31K	$101K	5x
Kraken Futures PF_SWARMSUSD	+1.3130%	1h	0.008302	+0.756%	$9K	$149	10x	as long as short