Funding you earn now, next payment 04:00 UTC−0.0482%/8h= −52.8% APRnext payment −$2.41 per $10,000 · paid last 24h −0.061%
Price spread now: Gate against BingX−0.669%7-day average −0.188% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.468%−$47 on $10k
+Price spread, last 4 days (all we have)+0.441%+$44 · spread now −0.669%, 7d avg −0.188%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Gate is 0.481% cheaper against BingX than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of −0.188%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX SWARMS-USDT | 0.008225 | 0.0582 | pay 0.0291% / 4h | 1h 43m | — | $6.5M | — |
| Short | Gate SWARMS_USDT | 0.008170 | 0.0100 | get 0.0050% / 4h | 1h 43m | $942K | $136K | 10x |
BingX SWARMS-USDT
Gate SWARMS_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$101.22
- Price spread: −0.669% → −0.188%
- −$48.08
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$174.3
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 7 min ago; Gate: live order book, 19 min ago. Net counts fees only.
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, 7 min ago | 3.04 bp | 45.2 bp −$45 | 290.9 bp −$2,909 | 635.6 bp −$63.6K | 808.3 bp −$404.1K |
| Sell Gate live order book, 19 min ago | 4.91 bp | doesn't fit | 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_USDTshort | +0.0100% | 4h | 0.008170 | −0.669% | $942K | $136K | 10x | |
| KuCoin SWARMSUSDTM | +0.0100% | 4h | 0.008179 | −0.559% | $782K | $141K | 20x | as long as short |
| BloFin SWARMS-USDT | +0.0518% | 4h | 0.008227 | +0.024% | $230K | $7K | 20x | as long as short |
| Binance SWARMSUSDT | +0.0558% | 4h | 0.008224 | −0.015% | $3.5M | $4.3M | 20x | as long as short |
| Extended SWARMS-USD | +0.0560% | 1h | 0.008214 | −0.130% | $7K | $148K | 5x | as long as short |
| MEXC SWARMS_USDT | +0.0568% | 4h | 0.008215 | −0.122% | $145K | $100K | 100x | as long as short |
| BingX SWARMS-USDTlong | +0.0582% | 4h | 0.008225 | long leg | — | $6.5M | — | |
| Aster SWARMSUSDT | +0.0676% | 4h | 0.008200 | −0.304% | $31K | $139K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.7380% | 1h | 0.008267 | +0.506% | $9K | $456 | 10x | as long as short |
KuCoin SWARMSUSDTM
BloFin SWARMS-USDT
Binance SWARMSUSDT
Extended SWARMS-USD
MEXC SWARMS_USDT
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD