Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.5% APRnext payment −$0.34 per $10,000 · paid last 24h −0.004%
Price spread now: BingX against Binance+0.012%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1771.767% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 7 days−0.047%−$5 · spread now +0.012%, 7d avg −0.009%
=The price spread pays, funding is against you. BingX is 0.021% dearer against Binance than usual: you sell high and buy low (spread +0.012% now, against its 7-day average of −0.009%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.032% in total) that is about 4.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SWARMSUSDT | 0.008199 | 0.0554 | pay 0.0277% / 4h | 51m 24s | $3.5M | $4.3M | 20x |
| Short | BingX SWARMS-USDT | 0.008200 | 0.0486 | get 0.0243% / 4h | 51m 24s | — | $6.5M | — |
Binance SWARMSUSDT
BingX SWARMS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- −$14.29
- Price spread: +0.012% → −0.009%
- $2.11
- Slippage, 4 orders
- −$156.66
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$188.85
- Costs to cover
- 1.767%
- Break-even
- never at this rate
Slippage from Binance: live order book, 16 min ago; BingX: live order book, 15 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 Binance live order book, 16 min ago | 2.44 bp | 51.3 bp −$51 | 394.6 bp −$3,946 | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 2.45 bp | 46.0 bp −$46 | 233.6 bp −$2,336 | 561.9 bp −$56.2K | 724.0 bp −$362.0K |
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 | 0.008204 | +0.061% | $946K | $119K | 10x | as long as short |
| KuCoin SWARMSUSDTM | +0.0448% | 4h | 0.008212 | +0.159% | $784K | $142K | 20x | as long as short |
| BingX SWARMS-USDTshort | +0.0486% | 4h | 0.008200 | +0.012% | — | $6.5M | — | |
| Extended SWARMS-USD | +0.0536% | 1h | 0.008199 | −0.003% | $7K | $149K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0538% | 4h | 0.008197 | −0.024% | $146K | $101K | 100x | as long as short |
| BloFin SWARMS-USDT | +0.0545% | 4h | 0.008218 | +0.232% | $231K | $7K | 20x | as long as short |
| Binance SWARMSUSDTlong | +0.0554% | 4h | 0.008199 | long leg | $3.5M | $4.3M | 20x | |
| Aster SWARMSUSDT | +0.0811% | 4h | 0.008196 | −0.031% | $31K | $139K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3234% | 1h | 0.008251 | +0.629% | $9K | $380 | 10x | as long as short |
Gate SWARMS_USDT
KuCoin SWARMSUSDTM
Extended SWARMS-USD
MEXC SWARMS_USDT
BloFin SWARMS-USDT
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD