Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.05 per $10,000 · paid last 24h −0.001%
Price spread now: MEXC against Binance−0.096%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1811.814% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.096%, 7d avg +0.005%
=Funding pays, the price is against you. MEXC is 0.100% cheaper against Binance than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.005%). If the spread goes back, that is −$10 on $10k: about 32 days of funding at the current rate ($0 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SWARMSUSDT | 0.008261 | 0.0863 | pay 0.0432% / 4h | 2h 15m | $3.6M | $3.4M | 20x |
| Short | MEXC SWARMS_USDT | 0.008253 | 0.0874 | get 0.0437% / 4h | 2h 15m | $153K | $99K | 100x |
Binance SWARMSUSDT
MEXC SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $2.22
- Price spread: −0.096% → +0.005%
- −$10.04
- Slippage, 4 orders
- −$167.42
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$189.25
- Costs to cover
- 1.814%
- Break-even
- 604.4 days
Slippage from Binance: live order book, 5 min ago; MEXC: live order book, 4 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, 5 min ago | 3.02 bp | 45.0 bp −$45 | 364.9 bp −$3,649 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.41 bp | 41.6 bp −$42 | 90.7 bp −$907 | 252.3 bp −$25.2K | 548.8 bp −$274.4K |
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 | 0.008236 | −0.302% | $946K | $108K | 10x | as long as short |
| BingX SWARMS-USDT | +0.0830% | 4h | 0.008248 | −0.156% | — | $6.5M | — | as long as short |
| BloFin SWARMS-USDT | +0.0831% | 4h | 0.008274 | +0.158% | $230K | $8K | 20x | as long as short |
| Binance SWARMSUSDTlong | +0.0863% | 4h | 0.008261 | long leg | $3.6M | $3.4M | 20x | |
| Extended SWARMS-USD | +0.0872% | 1h | 0.008254 | −0.086% | $10K | $216K | 5x | as long as short |
| MEXC SWARMS_USDTshort | +0.0874% | 4h | 0.008253 | −0.096% | $153K | $99K | 100x | |
| KuCoin SWARMSUSDTM | +0.1208% | 4h | 0.008259 | −0.023% | $774K | $119K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1356% | 4h | 0.008239 | −0.265% | $31K | $101K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3124% | 1h | 0.008306 | +0.544% | $9K | $149 | 10x | as long as short |
Gate SWARMS_USDT
BingX SWARMS-USDT
BloFin SWARMS-USDT
Extended SWARMS-USD
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD