Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.006%
Price spread now: Binance against BingX−0.013%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1951.953% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now −0.013%, 7d avg +0.009%
=Funding pays, the price is against you. Binance is 0.022% cheaper against BingX than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.009%). If the spread goes back, that is −$2 on $10k: about 36 hours of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.037% in total) that is about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SWARMS-USDT | 0.008273 | 0.0856 | pay 0.0428% / 4h | 3h 12m | — | $6.5M | — |
| Short | Binance SWARMSUSDT | 0.008272 | 0.0904 | get 0.0452% / 4h | 3h 12m | $3.6M | $3.4M | 20x |
BingX SWARMS-USDT
Binance SWARMSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- $10.11
- Price spread: −0.013% → +0.009%
- −$2.17
- Slippage, 4 orders
- −$175.32
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$187.38
- Costs to cover
- 1.953%
- Break-even
- 136.7 days
Slippage from BingX: live order book, 8 min ago; Binance: live order book, 9 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 BingX live order book, 8 min ago | 4.22 bp | 50.3 bp −$50 | 293.2 bp −$2,932 | 547.4 bp −$54.7K | 691.6 bp −$345.8K |
| Sell Binance live order book, 9 min ago | 4.22 bp | 42.4 bp −$42 | 256.2 bp −$2,562 | doesn't fit | doesn't fit |
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 | 0.008264 | −0.109% | $950K | $108K | 10x | as long as short |
| BingX SWARMS-USDTlong | +0.0856% | 4h | 0.008273 | long leg | — | $6.5M | — | |
| Binance SWARMSUSDTshort | +0.0904% | 4h | 0.008272 | −0.013% | $3.6M | $3.4M | 20x | |
| MEXC SWARMS_USDT | +0.0918% | 4h | 0.008269 | −0.048% | $156K | $101K | 100x | as long as short |
| Extended SWARMS-USD | +0.0920% | 1h | 0.008272 | −0.012% | $8K | $211K | 5x | as long as short |
| BloFin SWARMS-USDT | +0.0968% | 4h | 0.008278 | +0.060% | $232K | $7K | 20x | as long as short |
| KuCoin SWARMSUSDTM | +0.1156% | 4h | 0.008291 | +0.218% | $777K | $121K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1390% | 4h | 0.008292 | +0.234% | $31K | $102K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3346% | 1h | 0.008326 | +0.637% | $9K | $149 | 10x | as long as short |
Gate SWARMS_USDT
MEXC SWARMS_USDT
Extended SWARMS-USD
BloFin SWARMS-USDT
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD