Funding you earn now, next payment 08:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.19 per $10,000 · paid last 24h +0.007%
Price spread now: BloFin against BingX+0.512%96s7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1541.542% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)−0.434%−$43 · spread now +0.512%, 7d avg +0.059%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.453% dearer against BingX than usual: you sell high and buy low: +$45 more if the spread goes back to its 7-day average of +0.059%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SWARMS-USDT | 0.008210 | 0.0710 | pay 0.0355% / 4h | 1h 35m | — | $6.5M | — |
| Short | BloFin SWARMS-USDT | 0.008252 | 0.0748 | get 0.0374% / 4h | 1h 35m | $227K | $8K | 20x |
BingX SWARMS-USDT
BloFin SWARMS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $8
- Price spread: +0.512% → +0.059%
- $45.27
- Slippage, 4 orders
- −$132.2
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$100.93
- Costs to cover
- 1.542%
- Break-even
- 95.3 days
Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 41 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, 5 min ago | 4.24 bp | 27.0 bp −$27 | 254.6 bp −$2,546 | 638.7 bp −$63.9K | 818.5 bp −$409.3K |
| Sell BloFin live order book, 41 min ago | 10.29 bp | 33.1 bp −$33 | doesn't fit | 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 | 0.008204 | −0.073% | $947K | $112K | 10x | as long as short |
| BingX SWARMS-USDTlong | +0.0710% | 4h | 0.008210 | long leg | — | $6.5M | — | |
| Binance SWARMSUSDT | +0.0738% | 4h | 0.008210 | 0.000% | $3.5M | $3.4M | 20x | as long as short |
| Extended SWARMS-USD | +0.0744% | 1h | 0.008206 | −0.046% | $7K | $197K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0746% | 4h | 0.008209 | −0.012% | $150K | $97K | 100x | as long as short |
| BloFin SWARMS-USDTshort | +0.0748% | 4h | 0.008252 | +0.512% | $227K | $8K | 20x | |
| KuCoin SWARMSUSDTM | +0.0976% | 4h | 0.008209 | −0.012% | $769K | $119K | 20x | as long as short |
| Aster SWARMSUSDT | +0.1192% | 4h | 0.008212 | +0.023% | $31K | $101K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3821% | 1h | 0.008247 | +0.446% | $9K | $90 | 10x | as long as short |
Gate SWARMS_USDT
Binance SWARMSUSDT
Extended SWARMS-USD
MEXC SWARMS_USDT
KuCoin SWARMSUSDTM
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD